www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29673087
29673088

115 Lake Ave, Spring Lake, NC 28390

AP
NC NC 244500
Prime Source Properties
Listed by Prime Source Properties
$7,357,551
369 days on market
Updated 8 days ago

109 Room-Comfort Inn and Quality Inn & Suites-Spring Lake

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 62,332
Keys 109
Year Renovated 2021
Buildings 2
Stories 5
Investment Type Owner/User
Sale Condition For sale by owner

Perfect Investment Opportunity for Owner Operator - 2 Brands under one Roof and Tons of Potential.

Marketing description

Prime Source Properties is pleased to offer for sale the fee simple interest in the dual-branded Comfort Inn & Suites / Quality Inn & Suites, located in Spring Lake, North Carolina. The Property includes two adjacent, limited-service hotels totaling 109 guest rooms, positioned along North Bragg Boulevard (NC-24)—the area’s primary commercial corridor providing direct access to Fort Liberty, Downtown Fayetteville, and key institutional demand drivers across Cumberland County.

Rooms on Quality side from 2nd to 5th floor are all with full kitchenette and living rooms as well as balconies. Room sizes are very large than a standard room and this property can be converted to multi-family apartment with minimal work. Also on Comfort side front side rooms are with living rooms and Balconies as well. Only back side rooms on Comfort are standard size rooms. 2nd floor rooms on Comfort side are also with kitchenette and full size refrigerator. Only 3rd to 5th floor rooms on front doe snot have kitchenette but has full size refrigerator, living room and balconies. Very unique set-up and solid block/brick building. Additional Land is part of the parcel and included in this sell. There’s also one house next door, which is available to purchase for $205,000. Combining of all parcels with extra land, you can build another hotel next door in future and lot of flags area available to develop. Great opportunity for owner operator and to expand portfolio with building another hotel in future ground up.

The asset benefits from a high-visibility location with strong traffic counts, ample parking, and seamless access to Fort Bragg—one of the largest military installations in the world—as well as Pope Army Airfield, Womack Army Medical Center, and Methodist University. This positioning enables the Property to capture consistent year-round demand from military travelers, contractors, government officials, medical visitors, and university-related guests.

The dual-branded structure allows for efficient shared operations and segmentation across midscale and economy lodging segments, improving occupancy and RevPAR performance. The hotels have undergone recent capital improvements and are offered unencumbered by management, providing new ownership with operational flexibility and immediate upside potential through enhanced revenue management or targeted cost controls.

The Comfort Inn & Suites / Quality Inn & Suites in Spring Lake represents a compelling opportunity to acquire a well-maintained, dual-branded asset in a resilient, institutionally driven market with limited new hotel supply and steady demand fundamentals.

Acquire this existing turn key Dual Brand hotel under one roof and lock another hotel brand to develop in future next door with additional land. Don’t miss this opportunity with price reduced now and it’s a steal deal.

Visit - https://www.yourprimesource.com/

Investment highlights

  • Dual-Branded Comfort Inn & Suites And Quality Inn & Suites Totaling 109 Guestrooms

  • Strategic Location Along North Bragg Boulevard (NC-24), The Primary Commercial Corridor Serving Spring Lake And Fort Bragg

  • Fort Bragg Is One Of The Largest Military Installations In The World, Driving Consistent Year-Round Lodging Demand From Military Personnel, Contractors, And Families

  • Located Near Key Regional Institutions Including Pope Army Airfield, Womack Army Medical Center, Methodist University, And Fayetteville State University

  • The Property Benefits From Recent Renovations and Ongoing CapEx, With Minimal Brand-Mandated PIP Expected Upon Transfer

  • Offered Unencumbered By Management, Providing Flexibility To Improve Operations, Reposition The Asset, Or Install Third-Party Management

  • High Visibility And Signage Along NC-24, With Direct Access To I-295, NC-87, And I-95 For Regional Connectivity

  • Part Of The Fayetteville MSA, A Resilient Submarket Anchored By Defense, Healthcare, And Education

  • Ample On-Site Parking And Efficient Dual-Brand Operations Enhance Operating Margins And Guest Segmentation

  • Additional land/parcel is part of this deal

  • Another small parcel with house next door available for $205,000 only, which can help to develop another hotel ground up in future.

  • Turn key assets with tons of opportunity for an owner operator and lock another flag to control future growth and be the first one to develop new hotel in future.

Listing Contacts

AP
NC NC 244500
Prime Source Properties
Listed by Prime Source Properties

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Akshat Patel
License
NC 244500
Brokerage Phone
919-455-5949
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591