Holiday Inn Express & Suites Cherokee Casino
376 Paint Town Rd, Cherokee, NC 28789
$12,000,000
Thank you. You have successfully signed the confidentiality agreement.
Access DocumentsIf 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
Joce Messinger
First Vice President
Charleston, SC
SC-80481 NC-LC810 GA-375018
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