Updated Jul 31, 2026
Ben Weprin Of AJ Capital Partners Acquires Mid Pines Inn And Pine Needles Lodge In Southern Pines
1010 Midland Road, 1005 Midland Rd, Southern Pine & 1005 Midland Road
Building Size
—
Asset Type
Hotel
Closing
Jul 11, 2026
About this deal
AI
The transaction involves the acquisition of a hotel asset located at 1010 Midland Road & 1005 Midland Road in Southern Pines, North Carolina. The purchase pertains to two historic golf hotels, Mid Pines Inn and Pine Needles Lodge, marking a strategic expansion for the buyer in the hospitality market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Buyer: Ben Weprin
- Buyer’s Company: AJ Capital Partners
- Market: Southern Pines, NC
Ben Weprin, representing AJ Capital Partners, is set to lead the renovation and rebranding of the properties under the Marine & Lawn Hotels & Resorts portfolio, signifying the U.S. debut for this golf-focused hospitality brand which expands beyond the United Kingdom.
Players
Southern Pines Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93