Fairfield Inn & Suites Smithfield Selma/I-95
Hospitality | 89 Keys
Marketing description
Property listed by Akshat A. Patel | License: NC 244500.
Initial call for offers is July 31st 2026. Interested parties should contact Akshat A. Patel at Prime Source Properties for the offering memorandum and comprehensive marketing package.
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Prime Source Properties ("Prime Source") is pleased to offer the opportunity to acquire a fee simple interest in the Fairfield Inn & Suites Smithfield (the "Property", "Asset", or "Hotel") an 89-room hotel strategically located at 809 Venture Drive Smithfield, NC 27577. The Property benefits from its prime location on Venture Drive, near a corridor of Interstate 95 (with an average traffic volume of 46,500 vehicles / day), providing exceptional visibility and convenient access. The hotel is in close proximity to all major demand generators in the area including the Carolina Premium Outlets, UNC Health / Johnston Memorial Hospital, and Johnston Community College.
The city of Smithfield is part of the Raleigh Metropolitan Statistical Area (MSA), located 25 miles Southeast of Raleigh. Smithfield is located near NC's Research Triangle and is in close proximity of downtown Raleigh. The Raleigh-Durham-Cary combined statistical area has a population over 2 million residents.
Offered below replacement cost and with significant upside potential via optimizing operations, a new owner is presented with the unique opportunity to drive top-line performance beyond historical benchmarks. Furthermore, by implementing an effective revenue management strategy and improving operational efficiencies a new owner and operator can significantly improve flowthrough to the bottom line.
Local Bank is willing to finance this deal with a favorable terms to qualified buyer with enough down and hospitality background.
Investment highlights
Prime Location Near Raleigh: The Hotel enjoys a prime location with direct access to the exit 95 corridor of Interstate 95 (46,500 average daily traffic) offering unparalleled visibility and accessibility to the area's main demand generators.
Cost Advantage: Available below replacement cost, providing an attractive investment opportunity for potential buyers.
Revenue Growth Potential: The Hotel is well-positioned to capture market demand and achieve growth within the midscale and upper midscale segments. With the right operational improvements, the Hotel can attract both business and leisure travelers seeking a premium experience at an affordable price.
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.
New Ownership PIP: The Hotel was fully renovated in 2020 with an additional refresh in 2022. The Property will have 14 year PIP for the next owner.
Long Tenured Franchise License: If the new owner converts the current King rooms with bathtubs into standing showers, a 20-year license with Marriott to operate as Fairfield Inn & Suites is possible.
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.
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