Rare, Upscale, High Value, Hotel, Retail and Restaurant opportunity in safe village of Bermuda Run. Hotel Beds under served by 355 / night per Univ of North Carolina Study. Area graded level to promote walking from Hotel to shops or restaurants.
An upscale hotel is needed to meet demand created by local sports complexes and nationally recognized event center. This superb location features one of the highest per capita areas in North Carolina.
Reports from Rise Indoor Sports Complex, Truist Sports Park, Tanglewood Park, as well as WinMock Event Center indicate that guests are venturing as far as Winston-Salem in search of higher quality lodging products. Need restaurants, steak, fast casual.
DFI Market Study shows immediate need for 355 additional rooms per night in this area.
An upscale brand or independent boutique at or above the upscale class can both meet the Town’s public interests and succeed in this growing market.
Total project is estimated to cost between $14-18 million.
Restriction to specific construction company is in place. Permits set to go in 4 weeks.
Potential for a beautiful outdoor patio overlooking greenway walking trail that leads to nearby Sports Complex.
Building quality to be similar to attached sketches.
BUILDING CAN BE 4 OR 5 STORIES.