Listing Images

No items found.

Holiday Inn Express & Suites Cherokee Casino

376 Paint Town Rd, Cherokee, NC 28789
$12,000,000
Holiday Inn Express & Suites Cherokee Casino
Form

The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap (including Marcus & Millichap Real Estate Investment Services, Inc. and its affiliated entities and subsidiaries) and distribution to any other person or entity without the express written consent of Marcus & Millichap is strictly prohibited for a period of one calendar year (12-months) immediately following the date of this agreement. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. Marcus & Millichap has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Thank you. You have successfully signed the confidentiality agreement.
Access Documents
If you did not get redirected to send an email requesting access to the property documents, please email info@ddmhotels.com along with the property name.
Oops! Something went wrong while submitting the form.
Franchise
IHG
Room Count
94
Year Built
2005
Lot Size
1.89 Acres
Key Highlights
Walking distance to The Harrah’s Cherokee Casino Resort (.3 miles), a 56-acre property offering 150,000 square feet of casino with over 3,000 games; 132,000 square feet of meeting/event space; an event center with capacity for over 3,000; and retail and restaurants | One of the largest demand generators in the region
Offered above an in-place 10% cap rate, less than 4 times revenues and well below replacement costs including PIP | Potential to convert the asset to another franchise-contact agent
Subject property will be delivered with a long-term land lease enabling a buyer to obtain attractive debt
Entrance to Great Smoky Mountains National Park (3.7 miles), most visited national park in 2022, offers 500,000 acres of pristine wilderness and outdoor activities such as hiking, biking, fishing, rafting, and more
Leasehold interest in the 94-unit, Holiday Inn Express & Suites Cherokee Casino located in Cherokee, North Carolina
Situated off US-19 with high visibility and accessibility to travelers

Contact an Agent

Jack Davis
Sr Vice President
Charleston, SC
SC-92795 NC-LC896
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Joce Messinger
First Vice President
Charleston, SC
SC-80481 NC-LC810 GA-375018
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Ben Yelm
North Carolina and South Carolina Broker of Record
Charleston, SC
151 Meeting Street Suite 450 Charleston, SC 29401
SC-86628 - NC-303785
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc., a Georgia Corporation
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.