Super 8 Smithfield
735 outlet center dr,
smithfield, NC 27577
 
$5,200,000
Offering Price1250000
$476,259
NOI
9.16%
Cap Rate
3.78
RRM
80
Total Rooms
$65,000
Price Per Key
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$5,200,000
Offering Price1250000
$476,259
NOI
9.16%
Cap Rate
3.78
RRM
80
Total Rooms
$65,000
Price Per Key
Investment Overview
Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the Super 8 by Wyndham Smithfield. The Super 8 is 2-story interior corridor hotel located in Smithfield, NC. The hotel is conveniently located in an area where it gives you the freedom to roam and comfortable place to spend the night. The hotel is Adjacent to Carolina Premium Outlets and many walking distance attractions. the hotel is surrounded with several restaurants.
Demand Generators: The property is conveniently located off I-95, surrounded by restaurants and offers handy amenities. the hotel is minutes from Johnston Community College and adjacent to Carolina Premium Outlets and Ava Gardner Museum. Within walking distance to Starbucks, Outback, Bob Evans, Ruby Tuesday and Texas Steakhouse.
Property Overview
The asset was built in 1998 and features 80 rooms. Guest rooms in Super 8 are furnished with comfortable amenities and modern décor. Each room is equipped with a microwave and refrigerator, and kitchenette and business suites are available for added comfort. Free WiFi makes it easy to stay connected while the heated indoor pool is the perfect place to unwind. with pet friendly and complimentary continental breakfast the hotel is ideally suited for business and leisure travelers.
Amenities: On site amenities include indoor heated pool, business center, Guest laundry, 24-Hour Reception Desk, Kitchenettes Available, free Airport Shuttle and free continental breakfast.
Investment Highlights
The hotel opened in 1998, and presents itself as a great Asset with great return potential for savvy investors. The hotel benefits from its proximity to major demand generators and local attractions.
Wyndham Affiliation: Super 8 brand is one of the brands in the Wyndham portfolio. Super 8 describe itself as the world's largest budget hotel chain with over 2,000 locations worldwid. the branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as a name recognition. All Wyndham properties are backed by the wyndahm rewards program.
Rebranding Opportunity: The property could be a potential rebranding opportunity to a higher class brand such as Clarion from Choice. by rebranding the property, the new ownership can benefit from higher ADR and higher occupancy. This asset has the potential of reaching high room revenue under a higher brand.
Southern Hospitality in Smithfield
Super 8 by Wyndham Smithfield/Selma conveniently located off I-95. The hotel is within minutes to Carolina Premium Outlets, Smithfield Cinemas, Bentonville Battleground, Tart Auditorium at Johnston Community College, Ava Gardner Museum and American Music Jubilee. Adjacent to several restaurants including: San Marcos Mexican, Venero's Pizza, Texas Steakhouse, Starbucks, Buffalo Wild Wings and Cracker Barrel.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
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