Wingate by Wyndham Matthews/Charlotte 2001 Mount Harmony Church Rd Services hôteliers 73 chambres 7 087 257 € (97 086 €/Chambre) Matthews, NC 28104

Connolly Investments, in accordance with ParaSell, Inc., as the exclusive representative of ownership, is pleased to present to qualified purchasers the 73-key Wingate by Wyndham located in Matthews, North Carolina. This property offers a rare opportunity to acquire a fully operational, recently renovated turn-key hotel within the Charlotte MSA, one of the fastest-growing metropolitan areas in the Southeast. Ideally positioned with strong visibility and accessibility from I-485, the hotel benefits from close proximity to a range of corporate, leisure, and medical demand generators.
The hotel recently completed a comprehensive $1.2 million Property Improvement Plan (PIP), encompassing both interior and exterior renovations. These improvements not only met but exceeded brand standards, resulting in an asset that stands out among comparable properties. The only expected remaining item on the Change of Ownership PIP (COO PIP) is the installation of new televisions, with an estimated cost of approximately $50,000. Operationally, the hotel is performing well, with revenue projected to surpass $1.8 million in 2025.
Notably, the Charlotte East/Matthews submarket currently has no hotels under construction and no new deliveries in the past 12 months, ensuring consistent demand with no near-term threat of new supply. The 12-month RevPAR has increased 10.2% year-over-year, reflecting strong market performance.
This offering presents a compelling opportunity for both owner-operators and institutional investors seeking a quality asset in a growing market, with strong upside potential and minimal short-term capital needs.
All property tours must be scheduled through the listing agents. Unscheduled visits are strictly prohibited.