Lodging Partners announces the sale of the Hampton Inn Selma/Smithfield, NC
April 27, 2021
July 10, 2020 – Lodging Partners announces the sale of the Hampton Inn Selma/Smithfield
Lodging Partners is pleased to announce the sale of the Hampton Inn Selma/Smithfield. The 76-guestroom hotel, located on I-95 in Selma, NC, has sold to a regional owner/operator of select-service hotels who plans to convert the Hotel to a La Quinta Hotel. Lodging Partners exclusively represented the seller on this transaction, with the marketing and negotiations led by Ford Barton, Principal of Lodging Partners, LLC.
The Hotel is well-located in Selma, North Carolina, within the Raleigh-Durham metropolitan region. The hotel has excellent visibility along I-95 at its junction with US-70, and US-70 provides access to Raleigh and top-rated North Carolina beaches. The Hotel is also proximate to many major companies, shopping and dining options, and numerous local attractions, including Carolina Premium Outlets.
“We were very pleased to assist the sellers in reaching their goals and objectives and to close this transaction during the challenging environment of COVID-19,” said Ford Barton. “We successfully achieved the sellers’ desired results, even given the unique circumstances within the industry at this time,” continued Barton.
UPDATE: April 27, 2021 – Wyndham Hotels & Resorts Opens La Quinta Hotel With Del Sol Prototype in Selma, NC
Wyndham Hotels & Resorts announced today the opening of La Quinta by Wyndham Selma, the milestone 120th hotel in the La Quinta portfolio featuring the sought-after Del Sol prototype. Owned by Jay Sai Corporation, the La Quinta by Wyndham Selma is a conversion of the former Hampton Inn Selma/Smithfield and features 80 modern guestrooms, a sleek lobby design, and an outdoor pool. The hotel is conveniently located by both I-95 and US-70, near Smithfield Community Park, and is easily accessible from Raleigh-Durham International Airport.