CHARLOTTE, North Carolina—JLL’s Motels & Hospitality Group introduced the completion of a two-property, 184-room lodge portfolio sale in Salisbury, North Carolina. BPR Properties bought each the Courtyard by Marriott Salisbury and Vacation Inn Specific & Suites Salisbury in separate transactions.
The adjoining properties are positioned alongside Interstate 85 in Salisbury, North Carolina. The Courtyard Salisbury consists of 94 guestrooms in a four-story constructing that opened in 2013 and just lately underwent in depth renovations. The Vacation Inn Specific & Suites Salisbury affords 90 guestrooms in a four-story constructing that opened in 2017.
All visitor rooms have particular person local weather management, devoted workspaces, coffeemakers, flat-screen televisions, mini-refrigerators, and hair dryers. The Courtyard operates The Bistro restaurant serving American delicacies and Starbucks espresso, whereas the Vacation Inn Specific gives complimentary breakfast service.
The properties supply a mixed 1,950 sq. toes of assembly and convention house. Shared facilities throughout each lodges embody health facilities, indoor swimming pools, complimentary parking and Wi-Fi, enterprise facilities, and visitor laundry services.
Salisbury advantages from its inclusion within the Charlotte Metropolitan Statistical Space. Town’s location alongside the Interstate 85 hall gives entry to main city facilities. Charlotte lies roughly 45 miles southwest, whereas Winston-Salem, house to Wake Forest College, sits lower than 40 miles northeast.
The JLL Motels & Hospitality staff that represented the vendor was led by Senior Director John Testerman and Senior Affiliate Alex Payne.
“Salisbury’s numerous financial base, anchored by healthcare, company headquarters, and academic establishments, gives steady demand drivers that assist constant lodge efficiency,” mentioned Testerman. “The unencumbered nature of those belongings permits new possession to maximise operational synergies and implement strategic income administration initiatives at a lovely foundation relative to alternative price.”
