- For Sale Contact for pricing
- Property Type Other
- Property Size 124,740 SF
- Lot Size 2.42 SF
- Additional Rent Contact for pricing
- Year Built 2010
- Year Renovated 2022
- Date Updated Sep 6, 2024
Property Listed by Bryan Johnson License Number: NC 271733.
Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings! Prospective buyers can view financial history including revenue, NOI, ADR, and Occupancy by clicking "Download OM" and signing a confidentiality agreement. This property is currently listed as unpriced. NO PRICING GUIDANCE IS AVAILABLE. Ownership will review and respond to all offers and ultimately select the offer with the best price and terms.
Colliers, as an exclusive representative of the seller, is pleased to present to qualified purchasers, the Comfort Suites Lake Norman-Huntersville, located at 14510 Boulder Park, Drive, Huntersville, NC 28078. The Comfort Suites is a four-story, interior corridor, limited service offering constructed in June 2010. The hotel is conveniently located 20 minutes (14 miles) from Charlotte City Center. The hotel sits on 2.42 acres positioned conveniently in a high-traffic tourism corridor of the Charlotte MSA at the intersection of Statesville Rd/Route 21 (21,000 vehicles per day), Gilead Rd (34,000 vehicles per day) and Interstate-77 (92,000 vehicles per day). The hotel is offered with fee-simple interest, unencumbered of management, and unencumbered of debt. The hotel, which was purchased by current ownership in 2018, underwent an extensive renovation totaling approximately $1,700,000 from 2020 to 2023, in conjunction with a new twenty-year licensed signed in 2018 through 2038. It is expected that a prospective purchaser may be able to secure a new 20-year franchise agreement with the Comfort Suites flag under Choice Hotels upon the completion of a modest Change-in-Ownership Property Improvement Plan.
Operationally, upside remains for a prospective purchaser by utilizing the recently completed change-in-ownership PIP to position the hotel better against its competitive set. As notated by the STR Monthly Trends Report, the hotel ranked 4th of 6 hotels in its competitive set for Occupancy in 2021, 2022, and 2023, consecutively. Similarly, the hotel ranked 4th of 6 hotels in ADR in 2021 and 2022, and 3rd of 6 hotels in ADR in 2023. This contributed to RevPAR penetration indices of 99% in 2021, 85% in 2022, and 92% in 2023, versus a competitive set of Country Inn & Suites Lake Norman (1999 construction), Comfort Suites Near Birkdale Village (1999 construction), Best Western Pluss Huntersville Inn (2000 construction), Hampton by Hilton Inn & Suites Huntersville (2011 construction), and My Place Hotel Huntersville (2020 construction). Given the recent renovations completed in 2022 at the Comfort Suites, as well as the superior age, structure, and location of the building relevant to its competitive set, a prospective purchaser could expect to significantly increase ADR and Occupancy at the hotel to thereby increase RevPAR and overall returns.
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Reach out to the broker for more info on lease terms and amenities
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Contacts
Prashant Merchant
Nicholas Wade
![broker]( https://cdn.commercialcafe.com/images/1C9CEA59-5428-46ED-A8DE-A0E3176C59DC/BenBrowndorf.jpeg?width=96)
Ben Browndorf
Location
Getting Around
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Walk Score ®
57/100 Somewhat Walkable
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Bike Score ®
36/100 Somewhat Bikeable
- City Huntersville, NC
- Neighborhood Shepards Vineyard
- Zip Code 28078
- Market Charlotte
Points of Interest
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JW Clay Boulevard/UNC Charlotte
9.49 miles
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UNC Charlotte–Main
9.85 miles
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ChargePoint
0.35 miles
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BP
0.37 miles
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Cashion's Quik Stop
0.69 miles
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Marathon
2.74 miles
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BP
3.58 miles
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Exxon
4.06 miles
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Cashion's
4.57 miles
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BP
4.65 miles
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Cashion's
4.84 miles
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QuickTrip
4.89 miles
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Crown Harbor Neighborhood Clubhouse
5.70 miles
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Sport Club Parking
6.32 miles
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Moss Creek Monarch Club Parking
6.85 miles
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Overflow Lot
7.75 miles
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Visitor Parking
8.73 miles
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North Park
8.75 miles
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Central Park
8.85 miles
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Lynx Park and Ride
9.45 miles
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C Parking
9.84 miles
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D Parking
9.84 miles
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Comfort Suites Lake Norman - Huntersville
0.02 miles
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Hampton Inn & Suites Huntersville
0.24 miles
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Super 8 by Wyndham Huntersville/Charlotte Area
0.44 miles
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BEST WESTERN Plus Huntersville Inn & Suites Near Lake Norman
0.61 miles
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SpringHill Suites by Marriott
1.15 miles
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Country Inn & Suites
1.93 miles
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Four Points by Sheraton Charlotte - Lake Norman
2.05 miles
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Candlewood Suites Huntersville
2.08 miles
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Courtyard by Marriott Charlotte Lake Norman
2.12 miles
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Quality Inn Huntersville Near Lake Norman
2.14 miles
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Cook Out
0.14 miles
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Bojangles'
0.19 miles
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Wendy's
0.41 miles
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Hardee's
0.45 miles
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Donut King
0.64 miles
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Salsarita's Fresh Cantina
0.65 miles
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Hawethorns
0.72 miles
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Lupie's Cafe
0.72 miles
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Five Guys
0.80 miles
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McDonald's
0.85 miles
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Huntersville Elementary School
0.48 miles
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Learning Academy
1.56 miles
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Alexander Middle School
2.70 miles
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Blythe Legette Elementary School
2.87 miles
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North Mecklenburg High School
3.18 miles
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William Amos Hough High School
3.95 miles
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Cornelius Elementary School
4.64 miles
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Trillium Springs Montessori School
4.83 miles
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Davidson Elementary School
5.62 miles
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Highland Creek Elementary School
5.73 miles
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Kid Time - Huntersville
2.08 miles
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Primrose School at Eastfield Village
4.42 miles
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The Children's Courtyard of Concord
7.08 miles
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Tutor Time of Denver
8.38 miles
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Chesterbrook Academy Preschool
8.57 miles
Frequently Asked Questions
How much does Comfort Suites Lake Norman-Huntersville cost?
The sale price for Comfort Suites Lake Norman-Huntersville is available upon request. Contact the listing broker for more information.
What is the total square footage of Comfort Suites Lake Norman-Huntersville?
Comfort Suites Lake Norman-Huntersville totals 124,740 square feet.
When was this property built?
Comfort Suites Lake Norman-Huntersville was built in 2010.
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