New Offering: Hotel Conversion with Ideal Value-Add Opportunity | 5 Mins from Uptown Charlotte

Download Offering Materials: Golden Green Hotel

Capstone Companies is pleased to present the Golden Green Hotel, an existing hotel and a multi-family redevelopment opportunity located just outside of Uptown Charlotte, North Carolina. Currently operated as an independently branded hotel, this property presents an exceedingly rare opportunity to reposition the existing asset into rental apartments or rebrand the hotel with a new flag. The lower construction and redevelopment costs allow new ownership to provide affordable housing without incurring the expenses that would exist with ground-up construction. The Golden Green Hotel is comprised of eight stories, with a concrete parking deck, and features irreplaceable skyline views. The property is within walking distance to the planned future light rail station and Bojangles’ Convention center, offering a unique opportunity for new ownership.

The incredible accessibility and visibility of the property, in addition to the strength of the surrounding multi-family fundamentals, make the Golden Green Hotel an investment opportunity that appeals to the most innovative and yield searching multi-family and hotel investors.

Existing Value Propositions
Highly Connected Location with Major Infrastructure Projects in Process
Rare Hotel to Apartment Conversion Opportunity
Opportunity to Rebrand Hotel with New Flag
Located in Qualified Census Tract

Leave a Reply

Your email address will not be published. Required fields are marked *