Baymont - Forest City, NC
60 Keys | Limited Service | Minimal PIP Expected
List Price
$4,159,000
'25 Cap Rate
13.02%
Year Built / Renovated
1997 / 2025
Amenities
Business Center, Fitness Center, Pool
The offering presents the opportunity to acquire a 60-key Baymont by Wyndham located at 164 Jameson Inn Dr in Forest City, North Carolina, strategically positioned along the US-74 corridor between Charlotte and Asheville. The property benefits from strong regional accessibility, consistent transient demand, and proximity to numerous tourism and commercial demand drivers throughout western North Carolina.
The hotel has demonstrated stable historical operating performance supported by an efficient operating model and recent capital improvements completed in 2025. Recent renovations included upgrades to flooring, bedding, furniture, lighting, paint, vanities, and bathroom finishes, helping position the asset competitively within the midscale segment while minimizing near-term capital expenditure requirements.
The property’s manageable 60-key size and streamlined operational structure make it especially attractive for owner-operators seeking a cash-flowing hospitality investment with operational upside potential. The asset offers a balance of scale and efficiency while maintaining a relatively approachable basis compared to larger metropolitan hotel investments.
Forest City continues to benefit from growing tourism activity driven by its proximity to the Blue Ridge Mountains, Lake Lure, Chimney Rock, and other outdoor recreation destinations. The area also supports steady year-round lodging demand from highway travelers, regional business activity, healthcare services, and local events. Convenient access to nearby retail and dining amenities further enhances the property’s positioning within the local market.
Overall, the Baymont by Wyndham Forest City represents an opportunity to acquire a recently improved, branded hospitality asset with in-place cash flow, strong regional accessibility, and long-term operational flexibility in a growing western North Carolina corridor.
The hotel has demonstrated stable historical operating performance supported by an efficient operating model and recent capital improvements completed in 2025. Recent renovations included upgrades to flooring, bedding, furniture, lighting, paint, vanities, and bathroom finishes, helping position the asset competitively within the midscale segment while minimizing near-term capital expenditure requirements.
The property’s manageable 60-key size and streamlined operational structure make it especially attractive for owner-operators seeking a cash-flowing hospitality investment with operational upside potential. The asset offers a balance of scale and efficiency while maintaining a relatively approachable basis compared to larger metropolitan hotel investments.
Forest City continues to benefit from growing tourism activity driven by its proximity to the Blue Ridge Mountains, Lake Lure, Chimney Rock, and other outdoor recreation destinations. The area also supports steady year-round lodging demand from highway travelers, regional business activity, healthcare services, and local events. Convenient access to nearby retail and dining amenities further enhances the property’s positioning within the local market.
Overall, the Baymont by Wyndham Forest City represents an opportunity to acquire a recently improved, branded hospitality asset with in-place cash flow, strong regional accessibility, and long-term operational flexibility in a growing western North Carolina corridor.
Total Keys
60
Hotel Flag
Baymont by Wyndham
Average Year Built
1997
Hotel Brand
Wyndham Hotels & Resorts
Average Last Renovated Year
2025
Floors
3
Net Operating Income
$541,590
Total Land Area
1.5 Acres
Occupancy
49.40%
Total Gross Building Area
32,961 SF
Revenue per Available Room
$39.58
HOTEL
Established Hotel Opportunity: Offering includes established hotel & operations of a 60-key Baymont by Wyndham located in Forest City, NC. Fee-simple real estate and building is unencumbered of debt or management contracts.
Strong Hotel Investment Fundamentals: Positioned within a tax-friendly state at an approachable revenue multiple, this property represents an ideal investment opportunity, underscored by its advantageous location between Charlotte and Asheville, NC.
Minimal Expenses, Proven Historical Cash Flows: The property has a history of consistent cash flow with minimal operating expenses, making it a financially stable investment. Its efficient cost structure allows for strong net operating income (NOI), positioning it as a dependable income-producing asset for potential buyers.
Recent Renovations: The property benefits from an expansive renovation in 2025 that modernized the hotel and its amenities including refreshed rooms and guest facilities. Further renovation outline on page 12.
Ideal Owner-Operator Investment: With its manageable size and operational efficiency, this property is perfect for an owner-operator. The hands-on management approach allows for greater control over operational expenses, enhancing profitability.
LOCATION
Proximity to Major Demand Drivers: The property benefits from a strategic regional location between Charlotte and Asheville, NC. The immediate area provides numerous outdoor and recreation options as well as the historic Forest City downtown, providing robust tourism and transient demand.
High Traffic Corridor: Conveniently situated directly off of US-74, this prime location offers exceptional accessibility for guests.
Synergistic Surrounding Retail: The subject property benefits from favorable access to high-traffic retail and food options including Chick-fil-A, Zaxby’s, McDonald’s, Burger King, Popeyes and a variety of local establishments.
Vibrant North Carolina Economy: North Carolina continues to rank among the strongest business climates in the Southeast, supported by a diverse and rapidly expanding economy. The state’s gross domestic product exceeded $684 billion in 2025, driven by continued expansion in advanced manufacturing, healthcare, technology, logistics, and financial services sectors. North Carolina has also been repeatedly recognized by CNBC as one of America’s Top States for Business, supported by strong workforce growth, business-friendly policies, and sustained corporate investment activity throughout the state.
Established Hotel Opportunity: Offering includes established hotel & operations of a 60-key Baymont by Wyndham located in Forest City, NC. Fee-simple real estate and building is unencumbered of debt or management contracts.
Strong Hotel Investment Fundamentals: Positioned within a tax-friendly state at an approachable revenue multiple, this property represents an ideal investment opportunity, underscored by its advantageous location between Charlotte and Asheville, NC.
Minimal Expenses, Proven Historical Cash Flows: The property has a history of consistent cash flow with minimal operating expenses, making it a financially stable investment. Its efficient cost structure allows for strong net operating income (NOI), positioning it as a dependable income-producing asset for potential buyers.
Recent Renovations: The property benefits from an expansive renovation in 2025 that modernized the hotel and its amenities including refreshed rooms and guest facilities. Further renovation outline on page 12.
Ideal Owner-Operator Investment: With its manageable size and operational efficiency, this property is perfect for an owner-operator. The hands-on management approach allows for greater control over operational expenses, enhancing profitability.
LOCATION
Proximity to Major Demand Drivers: The property benefits from a strategic regional location between Charlotte and Asheville, NC. The immediate area provides numerous outdoor and recreation options as well as the historic Forest City downtown, providing robust tourism and transient demand.
High Traffic Corridor: Conveniently situated directly off of US-74, this prime location offers exceptional accessibility for guests.
Synergistic Surrounding Retail: The subject property benefits from favorable access to high-traffic retail and food options including Chick-fil-A, Zaxby’s, McDonald’s, Burger King, Popeyes and a variety of local establishments.
Vibrant North Carolina Economy: North Carolina continues to rank among the strongest business climates in the Southeast, supported by a diverse and rapidly expanding economy. The state’s gross domestic product exceeded $684 billion in 2025, driven by continued expansion in advanced manufacturing, healthcare, technology, logistics, and financial services sectors. North Carolina has also been repeatedly recognized by CNBC as one of America’s Top States for Business, supported by strong workforce growth, business-friendly policies, and sustained corporate investment activity throughout the state.
Wesley Connolly
Managing Broker | Co-Founder
(707) 477-7185
CA License No. 01962332
Katherine Connolly
Hospitality Director | Co-Founder
(334) 313-6014
CA License No. 02197934