Avison Young Announces Sale of Ramada Plaza/Baymont Inn Multi-Family Conversion
The Hospitality Group transacted on the Wyndham dual brand Hotel in Fayetteville, North Carolina.
ATLANTA - May 9, 2023 - Avison Young's Hospitality Group is pleased to announce the successful closing of the Ramada Plaza/Baymont Inn in Fayetteville, NC. Senior Hospitality Broker Chris Kilcullen said, “Congratulations to both buyer and seller on the closing of the Ramada Plaza in Fayetteville, North Carolina. While it was a long process, the property will make a terrific multi-family conversion as it is directly across the street from Cape Fear Valley Medical Center and other demand generators.”
Property Highlights:
- Near Fayetteville’s Fort Bragg Army Base which provides steady hotel and event bookings
- Multiple branding options including the only Full-Service Delta/Marriott in the market
- Ability to diversify revenue streams through a partial conversion to apartments
- $90+ REVPAR Segment of the market
For more information about this closing and future investment opportunities, contact:
Chris Kilcullen | Principal
+1 303 250 8338
[email protected]
Jeremy Cabe | Senior Associate
+1 478 394 2990
[email protected]
If you are looking to invest in hotel real estate, view Hotels for Sale by Avison Young’s Hospitality Group.
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