Property Overview:
The property is a 118-unit limited-service Econo Lodge. The facility, built in 1985, is made up of (2) two-story building that consists of 118 exterior corridor guestrooms, as well as a spacious lobby, breakfast room, and outdoor pool all of which is situated on +/- 2.95 acres of land with excellent visibility and road frontage just off Interstate 26 in the heart of a resort destination of South Carolina.
Physical Features:
- Two story building
- +/- 2.95 acres of land
- Spacious lobby
- Outdoor pool
- Guest laundry
Investment Considerations:
- Passive ownership presence
- Located in close proximity to a number of demand generators and eateries
- Located just off Interstate 26
- Significant upside for a focused Owner – based on the current Star Report finding the Subject Property ranks 4 of 6 in ADR and ranks 5 of 6 in Occupancy and is only archiving an 83.7 RevPAR penetration index
- Rebranding opportunities are available for the asset and area to attract a broader customer base
Historical Revenues:
Financial information is available upon request after completion of the required Confidentiality Agreement
