Proximate to Demand Drivers

Located within two miles of the Charlotte Douglas International Airport with direct access to I-85 and into downtown Charlotte. The surrounding area is home to Bank of America Stadium, Spectrum Center, Bank of America HQ, Wells Fargo East Coast HQ, Uptown and Belmont Abbey College.

Strong Hotel Operator

Opal Hotels Group is a real estate investment firm focused on the acquisition, development, management, and ownership of limited and select-service hotels in the U.S. They currently have six hotels under management, two hotels under development, and $90 million in transaction volume.

Strong Basis

Four comparable transactions have sold for an estimated average value of $170K/key. This represents an 85% premium to loan basis ($92K/key).