This fee-simple, 75-key La Quinta Inn & Suites offers a unique investment opportunity. Located at 1695 Outlet Center Dr, Selma, NC 27576, this four-story, 42,888 square foot hotel sits on a 1.98-acre lot with excellent visibility from I-95 (44,000 vehicles per day), Highway 70 (18,000 vehicles per day), and Outlet Center Dr (10,000 vehicles per day). Its prime location is just 1.5 miles from the Carolina Premium Outlets, a major shopping destination. Originally built in 1998 and fully renovated in 2021 to the newest Wyndham prototype, this property boasts a fresh, modern design throughout. Renovations included a complete exterior façade update, lobby, market, breakfast area, corridors, fitness center, and all guest rooms and bathrooms. The 20-year franchise agreement extends to 2040. While recent renovations have improved the hotel, operational challenges have resulted in below-market RevPAR performance compared to competitors. However, this presents a significant opportunity for a new operator to leverage the superior quality of the recently renovated asset to increase profitability. Historical revenues have ranged from approximately $1,500,000 to $1,700,000, with previous years' NOI exceeding $700,000. Projected 2025 revenue and NOI indicate strong cash flow potential for a prospective buyer. The property is offered unencumbered by management, with minimal to no PIP required for the incoming purchaser.
Highlights
Fee-simple ownership of a 75-key La Quinta Inn & Suites.
42,888 square foot, four-story hotel on a 1.98-acre lot.
Excellent visibility from I-95 (44,000 VPD), Highway 70 (18,000 VPD), and Outlet Center Dr (10,000 VPD), near Carolina Premium Outlets.
Fully renovated in 2021 to the latest Wyndham prototype; minimal capital expenditures required.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Prashant Merchant
Ben Browndorf
Nic Wade
Visit Broker Website
Learn more
Useful Information
Request information
1695 Outlet Center Dr, Selma, North Carolina, 27576
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
1695 Outlet Center Dr
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.