Marriott
The 319-key Marriott Winston-Salem is situated in the heart downtown Winston-Salem and is conveniently connected to the adjacent 105,000 SF Benton Convention Center. The hotel sits just 4 miles away from Wake Forest University and is proximate to multiple private companies including, but not limited to, AON, BB&T, BE Aerospace, Pepsi, and Krispy Kreme.
Pre Renovation Performance
(YE 2017)
$86.53 RevPAR
93.9% RevPAR Index
Gross Revenues: $12.9MM
NOI: $3.1MM
Post Renovation Performance
(YE 2019)
RevPAR grew 18.4% to $102.47
Drove Index by 15.1 points to 109.0%
Increased Gross Revenues 19.3% to $15.4M
Grew NOI 34.6% to $4.1MM
HVMG Acquisition and Management Takeover
HVMG Acquisition and Management Takeover
HVMG acquired the hotel in July 2016 and took over management with a plan to execute a comprehensive $19.5 million renovation, which was...
NOI Increase (YE 2019 vs 2017)
34.6%
NOI Increase (since Renovation)
72.1%
