THE INN AT PINE KNOLL SHORES

INVESTMENT OVERVIEW

Hunter | Havericak | Altman Hotel Group has been exclusively retained to offer for sale the fee simple interest in the 102-room Inn at Pine Knoll Shores located in Atlantic Beach, North Carolina on the Bogue Banks, a 21-mile barrier island on the Atlantic coast. The property is a 7-story oceanfront hotel built-in 1973 that offers a full-service restaurant with a bar & gaming room. The hotel is anticipated to have a high level of retention from guests who discovered and visited the property during the recent shakeup in travel patterns. A new owner will have the option to realize potential upside from adding a franchise post-closing, or in the future. The Inn at Pine Knoll Shores provides a new owner the opportunity to acquire a recently renovated, fully stabilized independent oceanfront hotel in a drive-to leisure market proximate to some of the fastest-growing cities in the Country.

INVESTMENT HIGHLIGHTS

• 100+ Room Full-Service Oceanfront Property with Multiple Profit Centers
• Historically High NOI Margin
• Recent Full Renovation
• Three Consecutive Years of Stability & RevPAR Growth
• Uniquely Appealing Tourist Destination Suites to Thrive Post-Covid
• Efficiency Upside for an Experienced Seasonal Leisure Operator
• Easily Drivable from Charlotte, Raleigh & Greenville, NC, Some of the Fastest Growing Population Bases in the U.S.