Elizabethan Inn
814 US-64,
Manteo, NC 27954
 
$6,000,000
Offering Price
$984,800
NOI
16.41%
Cap Rate
2.96
RRM
78
Total Rooms
$76,923
Price Per Key
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$6,000,000
Offering Price
$984,800
NOI
16.41%
Cap Rate
2.96
RRM
78
Total Rooms
$76,923
Price Per Key
Property Highlights
The Elizabethian Inn is a 78 interior corridor hotel located in historic Roanoke Islankkd. The inn definitely has has a restaurant and a fitness center with a large heated indoor pool, Jacuzzi and sauna. there's also an outdoor pool. Accommodations include oversized guestrooms, some which can accommodate up to 6 people. Many feature connecting rooms and rooms with full cooking facilities. The efficiency room kitchens come fully equipped. Amenities include microwaves, coffeemakers, iron and ironing board, hair dryers, refrigerators, 25" TVs with extended cable including HBO, wireless Internet in the lobby, and free local calls.
Investment Highlights
Historic Independent Hotel Built in 1954 Interior Corridor Rebranding opportunity Fee Simple Unencumbered by Debt and Management
Excellent Location
Festival Park - 15 min walk Outer Banks History Center - 15 min walk Roanoke Marshes Lighthouse - 16 min walk Island Farm - 2 min drive North Carolina Aquarium at Roanoke Island - 7 min drive Norfolk Intl. Airport (ORF) - 122 min drive
The Coastal Carolina submarket skews towards high-end lodging, at least relative to the market. Coastal Carolina is characterized by smaller hotels, with an average property size of 57 rooms. That's even lower than the 71-room-per-building market average, and easily below the national norm of about 90 rooms per building.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
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