Suburban Studios Charlotte

Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Suburban Studios Charlotte - Executive Park, located at 5840 Westpark Dr Charlotte, NC 28217. The subject property is a 79-room, three-story, interior-corridor hotel constructed in 1997 and situated on approximately 3.18 acres with direct visibility and access to Interstate 77 (approximately 62,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.

The property benefits from advantageous positioning within the Charlotte metropolitan area, serving as a premier financial, commercial, and transport hub for a rapidly expanding region of approximately 2.8 million residents. A major regional lodging driver is Charlotte Douglas International Airport (CLT), which stands as the 7th busiest airport globally, handling over 53.4 million passengers annually and generating an estimated $32 billion in annual economic impact. Beyond aviation and logistics, the market’s powerhouse economy is anchored by its status as the nation's second-largest banking center, hosting over 80,000 corporate employees across major financial institutions like Bank of America, Wells Fargo, and Truist, driving consistent midweek commercial occupancy. This corporate momentum is perfectly balanced by immense leisure and sports tourism demand, with the city attracting over 33 million annual visitors who generated a record $1.2 billion in economic impact in 2025. This visitor volume is heavily anchored by premier sports and entertainment venues, including Bank of America Stadium (74,000+ capacity) and the Spectrum Center (20,000+ capacity), which host year-round NFL, MLS, and NBA events. This diverse economic and transit-oriented profile elevates the Southwest Charlotte submarket, providing a resilient, dual-engine demand mix that will drive strong weekday commercial occupancy and highly profitable weekend leisure average daily rates.

The subject property’s STR-defined competitive set includes the Candlewood Suites Charlotte - Arrowood, Comfort Inn Charlotte Airport Uptown, Studio 6 Suites Charlotte, NC - Tyvola Rd/Executive Park, Extended Stay America Charlotte Tyvola Road, and the Spark by Hilton Charlotte Tyvola I-77. Within this highly active extended-stay and midscale landscape, the Suburban Studios Charlotte - Executive Park has demonstrated impressive resilience and a steady upward trajectory since its recent brand conversion. The hotel has consistently maintained a dominant occupancy penetration index, regularly capturing more than its fair share of local market demand. Following its strategic transition to the Suburban Studios flag, the property has seen significant positive momentum in its average daily rates (ADR) and overall RevPAR penetration, illustrating strong market reception and an expanding guest base. This positive top-line performance has translated into highly stable historical revenues and robust net operating income margins. Looking ahead, conservative pro forma projections point to highly attractive growth as the hotel continues to ramp up, with both total revenues and bottom-line profitability expected to scale steadily year-over-year. As the property captures greater market share and continues to mature under its new brand, a new owner is positioned to inherit a highly predictable, expanding income stream with substantial built-in operational upside.

The Suburban Studios Charlotte - Executive Park represents a premier, secure acquisition opportunity to acquire a recently converted, high-performing hospitality asset in one of the Southeast’s premier, top-tier commercial and financial hubs. Having undergone a strategic brand conversion with the franchise agreement signed in 2024, the asset benefits from a long-term, twenty-year agreement, offering an investor maximum stability and long-term operational runway