1055 Waterford Commons Drive, Greenville, NC 27834 For Sale

Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Candlewood Suites Greenville, located at 1055 Waterford Commons Rd Greenville, NC 27834. The subject property is a 94-room, four-story, interior-corridor, limited-service hotel constructed in 2008 and situated on approximately 2.00 acres with direct visibility and access to Interstate 587 (approximately 30,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.

The Candlewood Suites Greenville benefits from advantageous positioning within Greenville, North Carolina, serving as a central economic, educational, medical, and cultural hub for eastern North Carolina. The Greenville-Pitt County Metropolitan Statistical Area (MSA) is the 12th-largest MSA in the state and ranks as the 6th-fastest-growing metro, boasting an estimated population of 182,936 and a city population of over 96,000. Capturing a steady stream of commercial and leisure travel, the property provides excellent regional connectivity via direct access to Interstate 587, which sees approximately 30,000 vehicles per day. The local economy is exceptionally robust and diversified, anchored by major investments in advanced manufacturing, pharmaceuticals, life sciences, and healthcare. A massive and immediate demand driver is the nearby East Carolina University (ECU), which brings a constant influx of visiting families, academic professionals, and athletic event attendees directly to the market. This demand is further bolstered by ECU Health Medical Center, a Level I trauma center serving as a tertiary care referral center for 29 counties. Furthermore, the market features a deep corporate presence from multinational employers such as Thermo Fisher Scientific, Catalent, Hyster-Yale Materials Handling, and Avient, which continually generate sustained corporate visitation and extended-stay lodging demand.

The Candlewood Suites Greenville presents a highly attractive opportunity to acquire a pristine, cash-flowing asset in an expanding North Carolina market. Thanks to recent capital improvements and excellent physical condition, the property is perfectly positioned to dominate its market share even further. While the asset already generates exceptional Net Operating Income margins, a dedicated operator has significant upside potential to aggressively push Average Daily Rate to fully recapture and exceed its fair market share, punching even higher to maximize profitability.