FAIRFIELD INN & SUITES ELIZABETH CITY

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97-room Fairfield Inn & Suites located in Elizabeth City, North Carolina. The hotel is a four-story property built in 2007. Fairfield Inn & Suites Elizabeth City provides the opportunity for a new owner to acquire a high-performing limited-service hotel within a stable market with barriers to entry and potential to realize significant returns through hands-on management and continued utilization of the Marriott name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

• +/- 10.6% CAP Rate at List Price
• $125+ Trailing RevPAR
• Three-Year Positive Trending 12-Month RevPAR
• Extensively Renovated Hotel, Including Costly Items Above the PIP Scope
• Historically Strong Net Operating Income
• Low Location-Based Expenses
• Localized Barriers to Entry For New Hotels
• Proximate to Elizabeth City State University, U.S. Coast Guard Base Elizabeth City, Sentara Albemarle Medical Center, Museum of the Albemarle, and More