Connolly Investments, as the exclusive representative of the seller, is pleased to present to qualified purchasers the Super 8, located at 488 S Blackstock Rd, Spartanburg, SC. This three-story, interior corridor, limited-service hotel is strategically positioned in the vibrant town of Spartanburg, SC, and is stabilized with opportunities for re-flagging or expense optimization. The property is offered with fee-simple interest, unencumbered by management contracts and debt.
The Super 8 is strategically positioned in a high-traffic area within Spartanburg, benefiting from an ideal location near major thoroughfares and local attractions. The hotel occupies a prime site with convenient and direct access to key highways, including I-85 and I-26, ensuring a steady stream of business and leisure travelers.
Acquired by ownership in 2021, the hotel has undergone renovations and is fully operational. The current franchise agreement extends for another 10 years and is transferable upon change of ownership. In 2023, this Super 8 ranked favorably among its competitive set, securing the 2nd position out of 7 properties, demonstrating its strong market presence, brand recognition and operational efficiency.
The property’s interior corridor design enhances security and guest experience while contributing to minimal maintenance expenses. This design, combined with the recent renovations, ensures that ongoing operational costs remain low, providing a stable and profitable investment. Additionally, there are minimal expected PIP (Property Improvement Plan) requirements, further reducing potential expenses for a new owner.
Spartanburg is a thriving city known for its vibrant economy, cultural attractions, and business-friendly environment. The city's growth and development, including a 5.7% increase in population since 2010 and ongoing commercial expansion, contribute to the hotel’s ongoing success and appeal to both business and leisure travelers.
*Please do not disturb the employees and customers. All site visits and tours must be pre-scheduled*
In Association with Scott Reid & ParaSell, Inc. A Licensed South Carolina Broker #23763