Hotel/Lodging Space For Sale @ 138 Valley Riv

Property Tour and Contact Detail Information: Property tours are available by appointment and on Thursday, June 15th. Please contact the listing broker to schedule a tour of the property. Investment Highlights: * 50-Unit, Two-Story, Exterior Corridor, Built in 1995 * Minimal PIP * Close Proximity to Harrah’s Casino * Located Directly off of Highway US-129 * Potential Upside with New Owner/Operator Investment Overview: The Quality Inn, located at 138 Upper Valley River Lane, Andrews, NC, is a 50 room two-story, exterior corridor built in 1995. There is significant upside in operations as current ownership is located off-site. The property is the only hotel out of two hotels in Andrews that is a branded hotel. The hotel has seen a trailing twelve month increase from January 2017 in Occupancy (+2.0%), ADR (+3.9%), and RevPAR (+6.0%). The hotel frontage sits directly on Highway US-129 and is surrounded by multiple restaurants and bars, all within a mile radius, include Monte Alban Mexican Restaurant, Hoppy Trout Brewing Co., MakAly's on Main, Myaca's Sea & Soul Food, and Party Time Pizza. The property is also located only 12 miles from Harrahs Cherokee Valley River Casino which is currently the largest casino in the state of North Carolina.