104 W Fourth Street, Winston-Salem, NC

THE offering

Berkadia Hotels & Hospitality is pleased to offer, on an exclusive basis, the opportunity to acquire a fee simple interest in the 75-key Hotel Indigo Winston-Salem Downtown located at 104 W Fourth St, Winston-Salem, NC (the “Hotel”, “Property” or “Indigo”).

Hotel Indigo Winston-Salem Downtown is a 75-key, boutique upper-upscale hotel ideally positioned in the heart of downtown Winston-Salem, offering exceptional walkability and access to the area’s leading corporate, educational, medical, and leisure demand drivers. Originally built in 1928, the six-story concrete building was acquired in 2016 for conversion to hotel use. Current ownership completed a multimillion-dollar conversion in 2019, blending historic character with modern functionality. The property is further distinguished by its inclusion on the National Register of Historic Places, offering a highly differentiated guest experience in one of North Carolina’s most vibrant urban markets..

The Hotel features strong in-place cash flow with additional top-line upside, supported by a diverse and resilient demand base. Amenities include Sir Winston Wine Loft & Restaurant, a fitness center, and 1,052 square feet of meeting space (additional event space in the wine loft) to capture business and social demand. Offered fee simple and unencumbered by management, Hotel Indigo Winston-Salem Downtown provides investors with operational flexibility, durable real estate fundamentals, and the opportunity to acquire a culturally significant asset with both proven performance and future growth potential..

Please reach out to Natalie Castillo and Dylan Jones to learn more about the property, the sales process, and to schedule a tour.

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Property Details

104 W Fourth Street, Winston-Salem, NC

  • Year Built/Opened:1928/2019
  • Keys75
  • Stories:6 stories plus basement and sub-basement
  • Land Area0.22 acres
  • Gross Building Area:±56,273 square feet
  • Food & Beverage:Sir Winston Wine Loft & Restaurant (100 seats)
  • Meeting Space:2 rooms totaling 1,052 square feet
  • Amenities:Fitness center located on basement floor
  • Parking:None on-site, third party valet ($30 per night)
  • Construction Type:Reinforced concrete
  • HVAC System:VTAC (guestrooms), central (public space)
  • Elevator(s):2
  • Franchise Expiration:2039
  • Ownership:Fee simple
  • Management:Unencumbered (currently Millennium)
  • Labor:Non-union

Investment

Highlights

1

CENTRAL DOWNTOWN WINSTON-SALEM LOCATION WITH EXCELLENT WALKABILITY 

2

DIVERSE DEMAND DRIVERS INCLUDING HIGHER EDUCATION, MEDICAL, CORPORATE, AND LEISURE 

3

CULTURALLY SIGNIFICANT PROPERTY INCLUDED ON THE NATIONAL REGISTER OF HISTORIC PLACES 

4

STRONG IN-PLACE CASH FLOW WITH TOP-LINE UPSIDE 

5

FEE SIMPLE AND UNENCUMBERED BY MANAGEMENT

THE LOCATION

Contact Us

INVESTMENT SALES

Deal Lead:

Natalie Castillo
Managing Director
561.632.8517
[email protected]
FL License #BK3235948

Deal Team:

Kyle Stevenson
Senior Managing Director
703.888.6578
[email protected]
FL License #BBK3472655

Larissa Isenberg
Associate Director
602.997.3817
[email protected]
TX License #848396-SA

Dylan Jones
Senior Analyst
813.675.0464
[email protected]
FL License #SL3552356

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