MainStay Cary — Sale in Raleigh, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Raleigh, NC 27606

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Description

Marcus & Millichap is pleased to present the opportunity to acquire the 79-unit, interior corridor MainStay Suites ideally located in Raleigh, North Carolina. This extended stay hotel is positioned immediately off Interstate 40 within one of the area’s most heavily traveled transportation corridors, offering immediate access to the greater Raleigh-Cary market and the broader Research Triangle region. Renovated in 2020, the subject property features apartment-style suites with in-room kitchens, along with a fitness center and guest laundry facilities. The asset’s location in one of North Carolina’s most dynamic and rapidly growing metropolitan areas, combined with its extended-stay model, provides an attractive value-add investment opportunity within the Raleigh-Durham market. Investment Highlights: • Fee simple interest in the 79-unit, interior corridor MainStay Suites in Raleigh, North Carolina • Strategic I-40 Location | 149,000 AADT –the subject property sits just 10 minutes to downtown Raleigh and within the Research Triangle • Less than 4 miles to North Carolina State University, a major ACC institution with 36,000 students • Just over 2 miles to Fenton –a vibrant, walkable 92-acre mixed-use development completed in 2022 with 2.5M SF of space • 10-minute drive to the MetLife Campus –a major technology campus with over 3,100 employees

Market Context

This hospitality in Raleigh, NC is listed for sale. Compare it against other hospitality listings for sale in Raleigh, NC — view the full market.

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