HOTEL IS UNDER CONTRACT -

Lodging Partners, LLC has been retained as the advisor to the sale of the brand new 87-room Holiday Inn Express & Suites Asheboro that just opened in 2021. Recently named an All-America City, Asheboro is conveniently located in the heart of North Carolina, approximately 70 miles from both the state capital of Raleigh and its largest city, Charlotte. Asheboro is the largest city in Randolph County and is part of the Piedmont Triad, an area that includes Greensboro, High Point and Winston-Salem. The county sits in the middle of the Eastern Seaboard and is within 500 miles of half of the nation's population and largest markets. The Piedmont Triad International Airport, six interstate highways, and a score of colleges and universities unite the region.

Toyota just announced plans in December 2021 to build a $1.3 Billion electric vehicle battery plant that will employ at least 1,750 people. This new facility will be developed on hundreds of acres at the Greensboro-Randolph Megasite in Liberty NC, and located approximately 17 miles northwest of Asheboro. This announcement marks a massive accomplishment for the area economy. The Japanese automaker said the plant would start making batteries in 2025 and the jobs will have average salaries of approximately $62,000. Toyota Motor Corp. plans to sell 2 million zero-emission hydrogen and battery electric vehicles worldwide per year by 2030.

Asheboro is very attractive to manufacturers because it acts as a major distribution center due to its excellent access to major highways, railroads and ports. The city attracts skilled and qualified labor due to its ideal location and access to major employers based there such as Randolph Hospital, Energizer, Klaussner Furniture, Acme McCrary, and Malt-O-Meal Brands.

Highlights:

Room Inventory Description:

GUESTROOM CONFIGURATION - The unit configuration of the Hotel consists of the following: 87 Rooms (23 Double-Queens - 9 Double-Queens Suites - 46 Kings - 9 King Suites). The Holiday Inn Express & Suites guestrooms feature Minifridges, microwaves and coffeemakers in each guestroom, as well as free WiFi, flat-screen TVs with cable channels.

HOTEL AMENITIES - The newly constructed Hotel contains 18 large oversized suites and the amenities include a hot continental breakfast bar, Business Center, 24 hour Fitness Center and outdoor pool. The Hotel has approximately 350 square feet of function space off the Lobby, ideal for small conferences, business meetings, reunions, and special events.

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Sale Note:

HOTEL IS UNDER CONTRACT -

ATTRACTIONS & LANDMARKS - The area attractions include the North Carolina Zoo; Seagrove, the largest concentration of potters in North Carolina whose hand-thrown pots, vases and clay sculptures are displayed and sold; and the Richard Petty Museum, featuring racecars, awards and other memorabilia from Richard Lee Petty, “The King” of NASCAR. Just a few miles from the North Carolina Zoo, guests can zip through the forest along Richland Creek at the base of the locally renowned Purgatory Mountain on more than one mile of cable at Richland Creek ZipLine, recently voted a Top 100 Expo Adventure.

NORTH CAROLINA ZOO - Located just south of Asheboro, the North Carolina Zoo is seated on a 2,600-acre tract of land in the Uwharrie Mountains. Approximately 500 acres of this property have been developed into the largest "natural habitat" zoo in the US. The North Carolina Zoo provides an experience like no other zoo anywhere.

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