Availability: Available
Price: $10,100,000
Address:
5181 Southport Supply Rd SE
Southport, NC 28461
Number of Rooms: 80
Year Built: 2000
Hunter Havericak Hotel Group and Davis Dewese Messinger Group of Marcus & Millichap have been exclusively retained to offer for sale the fee simple interest in the 80-room Fairfield Inn & Suites located in Southport, North Carolina, a city in the southeastern portion of the state in the Cape Fear Region. The hotel is a three-story metal frame property built in 2000. It was originally built as a Hampton Inn and then converted to Fairfield Inn in 2020, around the time the new Hampton Inn opened. Operations have been temporarily impacted by ongoing Highway 211 widening, which is scheduled for completion in 2026, presenting significant upside for a new owner.
Fairfield Inn & Suites Southport provides the opportunity for a new owner to acquire the only Marriott-branded hotel in Brunswick County with potential to realize significant RevPAR growth through recovery from the road construction, driving ADR closer to the market leader following the refresh PIP renovation that is expected to be due in a few years, as well as hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.
DONALD GILCHRIST
NC Broker of Record
336.450.4600 Direct
License: 241055