115 Winningham Rd - Hospitality FOR SALE
Saint George, SC 29477 |
$2,950,242 USD
334-313-6014
115 Winningham Rd
Saint George, SC 29477
HIGHLIGHTS
- As a well-known economy brand with a smaller key count, the property operates with minimal expenses, ensuring an efficient cost structure.
- With its manageable size and operational efficiency, this property is perfect for an owner-operator.
- A prime opportunity for an experienced hotelier to restore operations to historical levels and enhance the hotel's market positioning.
- The property underwent a comprehensive interior and exterior renovation in 2020, significantly reducing the need for immediate capital expenditures.
- Just 47 miles from Charleston, SC, the hotel offers convenient access to the state's top tourist destination.
- Strategically positioned off I-95,the property benefits from heavy transient traffic, offering unparalleled convenience for leisure/business travelers
OVERVIEW
Connolly Investments in accordance with Parasell Inc., as the exclusive representative of the seller, is delighted to present to qualified purchasers, the Red Roof Inn in St. George, South Carolina. Located at 115 Winningham Rd, this two-story, 57 key, exterior-corridor, limited-service hotel offers an exceptional investment opportunity with a manageable key count and low operating expenses, making it an ideal choice for investors seeking a cost-effective and stable asset.
In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed South Carolina Broker #23763
FOR SALE DETAILS
PRICE
$2,950,242 USD
PRICE/SF
$154 USD /SF
# OF ROOMS
57
PRICE/ROOM
$51,759 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Red Roof Inn - North Charleston MSA - 57 Keys
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1989
PARKING SPACES
47
LAND DETAILS
LAND ACRES
2.08 AC
LAND SF
90,605 SF
ZONING
CC_SG
APN/PARCEL ID
044-00-00-135
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334-313-6014
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334-313-6014
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