Colliers is pleased to announce the sale of the Raleigh-Durham Airport Hotel Development Site located at 935 Airport Boulevard, Morrisville, NC 27560. The Subject land is located just south of the intersection of Interstate-40 (162,000 VPD) and Airport Boulevard (31,000 VPD) in Morrisville, NC. Interstate-40 is the rapidly expanding highway corridor connecting Raleigh with Durham, NC. The site is approximately 2.52 acres and is strategically located 3.2 miles from Raleigh- Durham International Airport (14,000,000 Passengers in 2023).
The tract offers a blank canvas for visionary developers seeking to craft a distinctive hospitality destination in a high-growth market. With its tailored zoning regulations in place, the land should offer qualified investors a seamless pathway for construction of a hospitality asset. The subject property was previously approved for a proposed development of a 84-room, 4-story hotel in an area zoned for Office and Institutional and designated as Regional Activity Center by the Town of Morrisville Land Use Plan. Prospective purchasers can expect to have numerous franchise options available from parent companies such as Hilton, Wyndham, Choice, & Best Western to name a few. *
Raleigh-Durham has experienced significant population growth in recent years, driven by various factors including economic development, a vibrant job market, and high quality of life. This growth is fueled by the region’s thriving technology, healthcare and research sectors attracting professionals from across the country and world. Overall, the Raleigh-Durham area continues to be a desirable destination for residents and businesses alike.
*Subject to Franchisor Application Review
Prashant Merchant
Colliers | Virginia
