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Pirates Cove 2 Properties Offered at $10,884,080 CAD in Carolina Beach, NC
Investment Highlights
- Within close proximity to the ocean with direct access to Carolina Beach — one of North Carolina’s most popular coastal destinations.
- Opportunity to earn additional revenue through the on-site restaurant/bar.
- Independent hotel - unencumbered by the strict operating requirements and annual fees associated with franchising.
- Coastal/tourist market.
- Excellent owner-operator opportunity.
- Significant upside through improved marketing, operational realignment, and targeted amenity enhancements.
Executive Summary
Cushman & Wakefield’s Hospitality Group has been retained to
offer for sale the fee simple interest in the 62-room Pirates Cove Hotel, located in Carolina Beach, North Carolina. The property is a 3-story, limited-service hotel that is directly off of North Lake Park Boulevard and conveniently located within close proximity to the ocean with direct access to Carolina Beach — one of North Carolina’s most popular coastal destinations. The independent property also is unencumbered by the strict operating requirements and annual fees associated with franchises, which allows for greater flexibility in management decisions, personalized guest experiences, and the ability to quickly adapt to market trends and local demand. Additionally, the property offers multiple value-add opportunities, including, but not limited to, generating incremental revenue through the on-site restaurant and bar and enhancing guest services or amenities to increase occupancy and average daily rate. The Pirates Cove Hotel offers investors the opportunity to acquire a 62-room, independent property in an tourist market with exceptional upside opportunity.
offer for sale the fee simple interest in the 62-room Pirates Cove Hotel, located in Carolina Beach, North Carolina. The property is a 3-story, limited-service hotel that is directly off of North Lake Park Boulevard and conveniently located within close proximity to the ocean with direct access to Carolina Beach — one of North Carolina’s most popular coastal destinations. The independent property also is unencumbered by the strict operating requirements and annual fees associated with franchises, which allows for greater flexibility in management decisions, personalized guest experiences, and the ability to quickly adapt to market trends and local demand. Additionally, the property offers multiple value-add opportunities, including, but not limited to, generating incremental revenue through the on-site restaurant and bar and enhancing guest services or amenities to increase occupancy and average daily rate. The Pirates Cove Hotel offers investors the opportunity to acquire a 62-room, independent property in an tourist market with exceptional upside opportunity.
Property Facts
| Price | $10,884,080 CAD | Number of Properties | 2 |
| Price / SF | $335.99 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 32,394 SF |
| Status | Active | Total Land Area | 2.64 AC |
| Price | $10,884,080 CAD |
| Price / SF | $335.99 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 32,394 SF |
| Total Land Area | 2.64 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Pirates Cove Hotel
701 N Lake Park Blvd, Carolina Beach, NC 28428 |
Hospitality | 26,175 SF | 1937 | - |
| 701 N Lake Park Blvd, Carolina Beach, NC 28428 | Retail | 6,219 SF | 1945 | - |
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