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Marcus & Millichap has announced the sale of the 31-room Hampton Inn Raleigh-Capital Boulevard North

Marcus & Millichap Brokers Sale of Raleigh Hotel

Marcus & Millichap has announced the sale of the 31-room Hampton Inn Raleigh-Capital Boulevard North. Hunter and McLean Hicklin of Marcus & Millichap had the exclusive listing to market the property. Ben Yelm, Marcus & Millichap’s Broker of Record in North Carolina, assisted in the closing.

“This sale was a testament to the strength and desirability of both the Raleigh market and the Hampton brand,” said Robert Hunter, senior vice president investments. “We were tasked with selling around inherent challenges, primarily shaky economic conditions, the cost of debt, inflated renovation costs and a sluggish recovery of corporate business drivers.”

The hotel is located at 3621 Spring Forest Road just south of Interstate 540 in northeast Raleigh, proximate to the Triangle Town Center. Constructed of concrete in 1999 on a 2.89 acre site, the five-story hotel offers guests a variety of amenities, including a business center, fitness center, complimentary breakfast, and an outdoor pool.


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Marcus & Millichap

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Sale/Acquisition