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1010 Midland Road

SOLDHotel

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

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

Ben Weprin

AJ Capital Partners

Buyer

1 deal

Buyer

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