Upscale Motel I-85 Near Charlotte Motor Speedway
Location North Carolina,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training Available
Description This motel is well-located off I-85 and is in excellent condition and well maintained. The Hotel is non-smoking. Current ownership has invested over $700,000 (>$8,500 per guest room) since 2012 to thoroughly renovate and enhance the Hotel to the ''Designed to Dream'' standard, and continues to make capital investments, most recently renovating the indoor heated pool including an ADA-compliant lift.
The Hotel enjoys a strong level of cash flow. The Hotel benefits from a high-traffic location along I-85, just minutes from Charlotte, North Carolina. It is proximate to many companies including, but not limited to, Electrolux North American Headquarters, as well as the Concord Mills Shopping Center, Charlotte Motor Speedway and UNC-Charlotte Campus. Offered at $4.35M. Buyer statement IS required to receive information on this property. Contact County South Business Brokers at 704-821-8888 and mention listing # MT09784.
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