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Investment Highlights
- CENTRAL DOWNTOWN WINSTON-SALEM LOCATION WITH EXCELLENT WALKABILITY
- CULTURALLY SIGNIFICANT PROPERTY INCLUDED ON THE NATIONAL REGISTER OF HISTORIC PLACES
- DIVERSE DEMAND DRIVERS INCLUDING HIGHER EDUCATION, MEDICAL, CORPORATE, AND LEISURE
Executive Summary
Berkadia Hotels & Hospitality is pleased to offer, on an exclusive basis, the opportunity to acquire a fee simple interest in the 75-key Hotel Indigo Winston-Salem Downtown located at 104 W Fourth St, Winston-Salem, NC (the “Hotel”, “Property” or “Indigo”).
Hotel Indigo Winston-Salem Downtown is a 75-key, boutique upper-upscale hotel ideally positioned in the heart of downtown Winston-Salem, offering exceptional walkability and access to the area’s leading corporate, educational, medical, and leisure demand drivers. Originally built in 1928, the six-story concrete building was acquired in 2016 for conversion to hotel use. Current ownership completed a multimillion-dollar conversion in 2019, blending historic character with modern functionality. The property is further distinguished by its inclusion on the National Register of Historic Places, offering a highly differentiated guest experience in one of North Carolina’s most vibrant urban markets.
The Hotel features strong in-place cash flow with additional top-line upside, supported by a diverse and resilient demand base. Amenities include Sir Winston Wine Loft & Restaurant, a fitness center, and 1,052 square feet of meeting space (additional event space in the wine loft) to capture business and social demand. Offered fee simple and unencumbered by management, Hotel Indigo Winston-Salem Downtown provides investors with operational flexibility, durable real estate fundamentals, and the opportunity to acquire a culturally significant asset with both proven performance and future growth potential.
Please reach out to Natalie Castillo (natalie.castillo@berkadia.com) and Dylan Jones (dylan.jones@berkadia.com) to learn more about the property, the sales process, and to schedule a tour.
Hotel Indigo Winston-Salem Downtown is a 75-key, boutique upper-upscale hotel ideally positioned in the heart of downtown Winston-Salem, offering exceptional walkability and access to the area’s leading corporate, educational, medical, and leisure demand drivers. Originally built in 1928, the six-story concrete building was acquired in 2016 for conversion to hotel use. Current ownership completed a multimillion-dollar conversion in 2019, blending historic character with modern functionality. The property is further distinguished by its inclusion on the National Register of Historic Places, offering a highly differentiated guest experience in one of North Carolina’s most vibrant urban markets.
The Hotel features strong in-place cash flow with additional top-line upside, supported by a diverse and resilient demand base. Amenities include Sir Winston Wine Loft & Restaurant, a fitness center, and 1,052 square feet of meeting space (additional event space in the wine loft) to capture business and social demand. Offered fee simple and unencumbered by management, Hotel Indigo Winston-Salem Downtown provides investors with operational flexibility, durable real estate fundamentals, and the opportunity to acquire a culturally significant asset with both proven performance and future growth potential.
Please reach out to Natalie Castillo (natalie.castillo@berkadia.com) and Dylan Jones (dylan.jones@berkadia.com) to learn more about the property, the sales process, and to schedule a tour.
Property Facts
| Sale Type | Investment | No. Rooms | 75 |
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1927/2019 |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.22 AC | Opportunity Zone |
Yes
|
| Building Size | 56,273 SF | ||
| Zoning | CB WO | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 56,273 SF |
| No. Rooms | 75 |
| No. Stories | 6 |
| Year Built/Renovated | 1927/2019 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | CB WO |
Amenities
- Business Center
- Fitness Center
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 75 | $313.96 CAD | - |
1 1
Very walkable
80/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6835-26-1932 | Improvements Assessment | $14,823,258 CAD |
| Land Assessment | $404,110 CAD | Total Assessment | $15,227,368 CAD |
Property Taxes
Parcel Number
6835-26-1932
Land Assessment
$404,110 CAD
Improvements Assessment
$14,823,258 CAD
Total Assessment
$15,227,368 CAD
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Hotel Indigo Winston-Salem Downtown | 104 W 4th St
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