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Hotel-Motel

Clarion Carowinds

3695 Foothills Way, Fort Mill, SC 29708

Listing Price: $11,000,000

Cap Rate
8.99%
Number of Rooms
197
RevPAR
$35
Gross SF
337,062
Price/Room
$55,838
RRM
4.32
Price/Gross SF
$32.63
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 197-unit, Clarion Carowinds, located in Fort Mill, South Carolina. The subject property is located on 3.42 acres and features 11 floors of well-appointed guest rooms. The hotel is ideally located near Carowinds Amusement Park, which features rollercoasters, a water park, live entertainment and much more on the 407-acre park. Premium amenities at the hotel include an on-site restaurant, an outdoor tennis court, and meeting space. Other common area amenities include a fitness center, business center, seasonal outdoor swimming pool, guest-laundry facilities, game room and free on-site parking. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, in-room coffee & tea maker, desk with chair, iron & ironing board, and hairdryer. The suites at the hotel include kitchenettes and additional seating for guests to enjoy meals in their room. Considering the superior location, wide array of room types and spacious meeting space, the Clarion is suitable for multiple up-branding and value-add opportunities including. The Clarion Inn is ideally located near Interstate-77, a major north/south thoroughfare spanning as far north as Cleveland, Ohio. Situated near the intersection of U.S. Route-21 and Interstate-77, visitors to the Clarion Inn can easily access all the area’s attractions, diverse corporate business generators and historic sites. The subject property is located only five miles from the Charlotte LYNX light rail southernmost station. The LYNX Rapid Transit Services system consists of 15 total stops in the city and spans as far north as Uptown Charlotte. Cabela’s, the world’s largest direct marketer of hunting, fishing, camping and related outdoor merchandise, has a 104,000 square foot store directly across the street from the Clarion Inn. Charlotte Douglas International Airport, 13.2 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily. Among Charlotte’s many notable attractions, some of the most popular include the Carolina Panthers (NFL), the Charlotte Hornets (NBA), the NASCAR All-Star Race, the Wells Fargo Championship, the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Carowinds amusement park, and the U.S. National Whitewater Center. There are nearly 40 colleges and universities within 25 miles of Charlotte, NC.

Investment Highlights

  • Fee Simple Interest in the 197-Unit, 11-Story, Clarion Carowinds, Located in Fort Mill, South Carolina
  • The Property is Located off I-77 | Adjacent to Carowinds Amusement Park
  • Charlotte Douglas International Airport, 13.2 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily
  • Major attractions in the area | Top Golf (5.8 miles), NASCAR Hall of Fame (12 miles), and Carowinds Amusement Park (1 mile)
  • Downtown Charlotte (11.5 Miles) | Corporate Headquarters, Restaurants, Retail, Universities, & More
  • Charlotte LYNX Light Rail (5 miles away) | Public, Metro Transportation Train with 15 Stops Through Downtown Charlotte

Exclusively Listed By

Hotel-Motel

Clarion Carowinds

Listing Price: $11,000,000

Cap Rate
8.99%
Number of Rooms
197
RevPAR
$35
Gross SF
337,062
Price/Room
$55,838
RRM
4.32
Price/Gross SF
$32.63
Year Built
1975

Investment Highlights

  • Fee Simple Interest in the 197-Unit, 11-Story, Clarion Carowinds, Located in Fort Mill, South Carolina
  • The Property is Located off I-77 | Adjacent to Carowinds Amusement Park
  • Charlotte Douglas International Airport, 13.2 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily
  • Major attractions in the area | Top Golf (5.8 miles), NASCAR Hall of Fame (12 miles), and Carowinds Amusement Park (1 mile)
  • Downtown Charlotte (11.5 Miles) | Corporate Headquarters, Restaurants, Retail, Universities, & More
  • Charlotte LYNX Light Rail (5 miles away) | Public, Metro Transportation Train with 15 Stops Through Downtown Charlotte

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 197-unit, Clarion Carowinds, located in Fort Mill, South Carolina. The subject property is located on 3.42 acres and features 11 floors of well-appointed guest rooms. The hotel is ideally located near Carowinds Amusement Park, which features rollercoasters, a water park, live entertainment and much more on the 407-acre park. Premium amenities at the hotel include an on-site restaurant, an outdoor tennis court, and meeting space. Other common area amenities include a fitness center, business center, seasonal outdoor swimming pool, guest-laundry facilities, game room and free on-site parking. Each guest room is equipped with free Wi-Fi, flat-screen TV, microwave, refrigerator, in-room coffee & tea maker, desk with chair, iron & ironing board, and hairdryer. The suites at the hotel include kitchenettes and additional seating for guests to enjoy meals in their room. Considering the superior location, wide array of room types and spacious meeting space, the Clarion is suitable for multiple up-branding and value-add opportunities including. The Clarion Inn is ideally located near Interstate-77, a major north/south thoroughfare spanning as far north as Cleveland, Ohio. Situated near the intersection of U.S. Route-21 and Interstate-77, visitors to the Clarion Inn can easily access all the area’s attractions, diverse corporate business generators and historic sites. The subject property is located only five miles from the Charlotte LYNX light rail southernmost station. The LYNX Rapid Transit Services system consists of 15 total stops in the city and spans as far north as Uptown Charlotte. Cabela’s, the world’s largest direct marketer of hunting, fishing, camping and related outdoor merchandise, has a 104,000 square foot store directly across the street from the Clarion Inn. Charlotte Douglas International Airport, 13.2 miles away, is ranked in the top 10 airports in the world, with service from 11 major airlines and over 700 flights daily. Among Charlotte’s many notable attractions, some of the most popular include the Carolina Panthers (NFL), the Charlotte Hornets (NBA), the NASCAR All-Star Race, the Wells Fargo Championship, the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Carowinds amusement park, and the U.S. National Whitewater Center. There are nearly 40 colleges and universities within 25 miles of Charlotte, NC.

Exclusively Listed By

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