Charlotte, NC (September, 2017) – MPV Properties (MPV) is pleased to announce the recent sale of the Holiday Inn Express & Suites in South Charlotte. The 4-Story hotel, with 97 rooms and suites, is located at 805 West Arrowood Road in Charlotte, NC, and easily accessible to I-77 & I-485.
“I was glad that I was able to connect the Buyer and the Seller in this off-market transaction as we were able to meet the expectations of both parties in facilitating the purchase and sale of the property,” said Mike Chatham of MPV Properties. The new ownership has plans to refresh the hotel with a new Property Improvement Plan, which was identified in conjunction with IHG, the Franchisor of Holiday Inn as well as a number of other flags.
Mike Chatham of MPV represented the Seller, and George Kornegay of Kornegay Capital represented the Buyer in this transaction.
Holiday Inn Express & Suites, 805 West Arrowood Road, Charlotte, NC
About MPV Properties
MPV Properties is one of the Charlotte area’s leading commercial real estate firms offering office, industrial, retail and land brokerage, development, and property management services. For more information, visit www.mpvre.com.