Marcus & Millichap has sold the 45-room Quality Inn & Suites in Thomasville, N.C. Terms and conditions were not disclosed. Mehta, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap’s Charleston and Charlotte offices, had the exclusive listing to market the property on behalf of the seller, NC Hospitality Group LLC, and procured the buyer, Shri Mahavir Hotels LLC.
“We saw strong investor interest in this asset, with over 30 showings and multiple offers reflecting continued demand for hospitality properties in the Piedmont Triad region,” Associate Millin Mehta said in a statement. “Given our recent track record of hotel sales in the area, we were able to quickly identify and secure a competitive buyer. The new owner plans to continue operating the property as a Quality Inn, and with performance already trending upward, they are well positioned to capitalize on the market’s momentum.”
The Quality Inn & Suites is located at 7 Laura Lane on 1.11 acres directly off Interstate 85. Built in 1990, the 45-room hotel has an outdoor pool, fitness center and business center. The property is near Novant Health Thomasville Medical Center, High Point University and within a 30-minute drive of Piedmont Triad International Airport.