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FINANCING
LARISSA ISENBERG
Associate Director
803.403.6781 Larissa.Isenberg@Berkadia.com
AR License # SA0009244
HARRY MANCERA
Associate Director
404.452.1110 Harry.Mancera@Berkadia.com FL License # SL3531238
KYLE STEVENSON
Managing Director 703.888.6578 Kyle.Stevenson@Berkadia.com FL License # BBK347655
INVESTMENT SALES
ORLANDO OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
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CALEB TROOP
Managing Director
Broker of Record
NC License # 292175
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ASHEBORO NC
2009
Year OPENED
87
GUESTROOMS
2.61 AC
Site Area
Berkadia Hotels & Hospitality (“Berkadia”) is pleased to offer, on an exclusive basis, the opportunity to acquire a fee simple interest in the Fairfield Inn & Suites Asheboro (the “Property”, “Asset”, or “Hotel”) an 87-room hotel strategically located at 920 Executive Way Asheboro, NC 27203. The Property benefits from its prime location adjacent to East Dixie Dr. (with an average traffic volume of 30,000 vehicles per day), providing exceptional visibility and convenient access. The Hotel is in close proximity to all major demand generators in the area including the Klaussner Home Furnishings manufacturing facility, Energizer the Randolph Health Medical Center, the North Carolina Zoo, and the $13.9 billion Toyota Battery Manufacturing Plant.
The city of Asheboro is part of the Greensboro-High Point Metropolitan Statistical Area (MSA), in central North Carolina along Interstate 75 located midway between Charlotte and Raleigh. The key industry in the area is manufacturing, particularly furniture, textiles, and batteries. The new Toyota plant located 20 minutes from the hotel is expected to bring over 5,000 new jobs to the market. The North Carolina Zoo, one of the largest natural habitat zoos in the world, spans over 2,600 acres with 500 acres developed for public exhibition and serves as a top tourist attraction in the region.
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THE OFFERING
PHOTO GALLERY
84-Room Fully Renovated Market Leading Premium Branded Hotel with over 6,000 SF of Leasable Restaurant Space
920 Executive Way, Asheboro NC
Address:
87
Rooms:
2009
Opened:
2.61 AC
Site Area:
Unencumbered
Management:
Reinforced Concrete
Construction Type:
Complimentary breakfast, sundry market
Food & Beverage:
Fitness center, business center, indoor pool
Amenities:
400 SF
Meeting Space:
property SUMMARY
LOCATION
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The Property
Investment Highlights
The Offering
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MICHAEL WEINBERG
Managing Director
407.267.8036
Michael.Weinberg@Berkadia.com
HARRY MANCERA
Associate Director
404.452.1110
Harry.Mancera@Berkadia.com
ROBUST GROWTH DRIVEN BY THE $13.9 BILLION DOLLAR TOYOTA BATTERY MANUFACTURING PLANT The hotel benefits from its strategic location just 20 minutes from the upcoming Toyota battery manufacturing plant in Liberty, North Carolina. With a massive investment of $13.9 billion, the plant will feature 14 production lines dedicated to hybrid and electric vehicle batteries, aligning with Toyota's global electrification goals.
Economically, the plant is set to employ approximately 5,100 individuals, providing a significant boost to the local economy. This influx of jobs and investment is expected to drive economic growth in the area, increasing demand for local accommodations and services. As of early January 2025, 1,400 employees are already on-site.
This development highlights Toyota's commitment to sustainable mobility and community support, positioning the hotel to capitalize on increased business travel and tourism driven by the plant's presence.
Unencumbered of Management: The Hotel is being sold without a management company in place providing a new owner operational control and the flexibility to use a management company of preference.
No Competitive New Supply Under Construction: With no new competitive hotels currently under construction or in final planning stage in the submarket there is low risk of supply saturation in the medium to long term.
Operational Efficiencies: By implementing efficient operational practices, such as streamlining processes, optimizing staffing levels, and leveraging technology, the hotel can reduce costs and improve profitability.
Prime Location: The hotel enjoys a prime location with direct access to State Highway 64 and Interstate 75 (64,500 combined average daily traffic) offering unparalleled visibility and accessibility to the area’s main demand generators.
Brand Recognition: As part of the Marriott family of hotels the Fairfield Inn & Suites benefits from being part of the world’s largest hotel company in the world with the biggest hotel rewards program. As one of the premium select service brands in the upper-midscale and midscale sector, the property attracts a loyal customer base which enhance the hotel's reputation.
Attainable Growth: The hotel is well-positioned to capture market demand and achieve growth within the midscale and upper midscale segments. With the right investment and operational improvements, the hotel can attract both business and leisure travelers seeking a premium experience at an affordable price.
Investment Highlights
$13.9 BILLION INVESTMENT
5,100 NEW JOBS
20 MINUTES FROM ASHEBORO
ASHEBORO NC
The Offering
Investment Highlights
the Property
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contact
privacy
terms of use
