Episode Details

A sleek 109-room hotel in Wilmington’s booming Medical Center Drive just hit the market for nearly $13 million — and it’s not just any hotel, it’s an IHG property that’s now under Ideal Hospitality’s ownership. The Holiday Inn Express & Suites Wilmington West-Medical Park, which opened in 2019, sold for $12.95M after being listed since last fall. Ideal, based in Savannah and already managing several IHG properties, was drawn to both the brand alignment and the prime location — especially with UNC’s new hospital on the way. The deal, brokered by Cushman & Wakefield, attracted over ten offers from investors across the Southeast and Northeast, despite the original asking price being higher. With Wilmington’s rising demand from medical, business, and tourist travelers, Ideal is already planning a seven-year refresh and has more hotels in the works — including a possible Residence Inn. This isn’t their first venture here — they opened another hotel last year and are eyeing more opportunities in the area.

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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.wilmingtonbiz.com/real_estate_-_commercial/2026/09/17/hotel_sold_for_nearly_13m_on_medical_center_drive/27857

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