ADDRESS
My Place Hotel - Huntersville, NC
Huntersville, NC, Huntersville, NC 28078
LISTING TYPE
Closed
Limited-Service
PRICE
Sold
PROPERTY ATTRIBUTES
- Status
- Closed
- City
- Huntersville
- State
- NC
- Zip
- 28078
- Type
- Limited-Service
- Keys
- 84
- Corridor (Interior/Exterior)
- Interior
- Stories
- 3
- Year built
- 2020
PROPERTY DESCRIPTION
PHC Hotel Advisors represented ownership on the exclusive off-market disposition of the newly-built My Place Hotel Huntersville, NC - an 84-key interior-corridor extended-stay asset completed in late 2020 and opened in early 2021. Extended-stay product has continued to gain relevance as constrained housing affordability pushes long-stay demand toward hospitality, and industry forecasts point to a durable, multi-year tailwind for the segment. My Place remains one of the fastest-growing extended-stay brands in the country, with an aggressive expansion footprint across the South and Western U.S. Situated in the Huntersville / Charlotte MSA - one of the strongest in-migration and job-growth markets in the Southeast - the asset delivered the buyer a modern, no-PIP platform with a clear runway to stabilization and meaningful upside as the local comp set continued to recover.
FEATURES
- 84-key, interior-corridor extended-stay hotel
- Newly built - completed late 2020, opened early 2021
- No PIP at close
- My Place Hotels - one of the fastest-growing extended-stay brands
- Huntersville / Charlotte MSA - top-tier Southeast growth market
- Recession-resistant extended-stay product benefiting from housing-affordability tailwind
- Off-market disposition
- Listed & Sold by Chris Rapacz
LOCATION