Hospitality Business for Sale in Morganton, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Morganton, NC 28655

Description

Marcus & Millichap is pleased to present the fee simple interest in the 111-unit Super 8 by Wyndham Morganton, a strategically located, nationally branded economy hotel situated at 2402 S. Sterling Street in Morganton, North Carolina. The property benefits from convenient access to Interstate 40 and U.S. Route 64, providing strong regional connectivity throughout the Piedmont Foothills and western North Carolina. The hotel offers a mix of well-appointed guestrooms and brand-standard amenities including complimentary breakfast, an outdoor pool, business center, guest laundry, and ample on-site parking, catering to a diverse blend of leisure, corporate, and highway travelers. Demand is supported by a variety of local and regional drivers, including Carolinas HealthCare System Blue Ridge, Western Piedmont Community College, and a growing base of light industrial and manufacturing employers in Burke County. The property also benefits from proximity to Linville Gorge Wilderness, Lake James State Park, and the historic Morganton downtown arts and dining scene, generating consistent leisure visitation throughout the year. Investment Highlights: • 111-unit, well maintained Super 8 by Wyndham • Ideally located off Interstate-40 at the midpoint between Charlotte and Asheville on one of the Southeast's busiest travel corridors • Strong, diversified demand from university, regional healthcare, and year-round tourism • Supply-constrained foothills market with limited developable land and barriers to new hotel construction • Adjacent to UNC Health Blue Ridge –area's main employer and now a Level 3 Trauma Center

Market Context

This hospitality in Morganton, NC is listed for sale. It is offered at an approximate 10.4% capitalization rate, a key benchmark for income-producing hospitality assets. It has been on the market for 54 days. Compare it against other hospitality listings for sale in Morganton, NC — <a href="/search/sale/hospitality/north-carolina/morganton">view the full market</a>.

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