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Hotel-Motel

Holiday Inn Santee

139 Bradford Blvd, Santee, SC 29142

Listing Price: $10,500,000

Cap Rate
13.22%
Number of Rooms
84
RevPAR
$112
Gross SF
57,986
Price/Room
$125,000
RRM
2.99
Price/Gross SF
$181.08
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee-simple ownership of the 84-unit, Holiday Inn Santee. The subject property is located directly off Interstate-95, exit #98 in Santee, South Carolina. The hotel has great access and proximity to Lake Marion, the largest lake in South Carolina. The modern rooms come with desks, flat-screen TVs with premium cable channels, coffeemakers, minifridges and microwaves. The property boasts a well-appointed, on-site restaurant and cocktail lounge. Other guest amenities include a guest laundry facilities, fitness center, business center with high-speed Internet access and an indoor pool. Santee is located in central South Carolina near Lake Marion Golf Course, two miles from Santee State Park and 1/2 mile to Lake Marion. Orangeburg County is the second largest South Carolina County by area and has the second most highway miles. The county's mild climate, quality of life amenities, and recreational opportunities make it an attractive place to visit. The county has six interchanges on I-26 and five on I-95, and I-20 is just 41 miles north. Manufacturing, retail trade, and transportation & warehousing are among the top industries in the county. Orangeburg County has seen significant retail and industrial growth. Existing industries range from electronics and riding lawn mowers to food distribution and chemicals. In the last six years, the county has had record industrial growth, which has helped to create over 5,000 new manufacturing jobs. The county's largest employer is Husqvarna which employs more than 2,000 people in the manufacturing of riding lawn tractors. Other large employers include Koyo Corporation which manufactures ball bearings and employs 530; Sara Lee Bakery employing 536; North American Container Corporation which employs 400 people in the manufacturing of bulk shipping containers; and Zeus Industrial Products, makers of Teflon tubing and employing 450. Over the past five years, Orangeburg County has enjoyed more than 170 expansions or new industry locations. During that five-year period, those companies invested more than $625 million and created nearly 3,400 jobs.

Investment Highlights

  • Fee-simple interest in the Four-story, 84-unit, Holiday Inn located in Santee, South Carolina
  • Subject property was renovated in 2016 and is extremely well maintained | New ownership will need to complete a PIP for a long-term franchise with IHG
  • Located directly off Interstate-95 in the heart of Santee, South Carolina | Experiences a very high daily traffic count over 100,000 VPD
  • Offered below replacement costs including, closing costs, franchise fees, and the new ownership Property Improvement Plan
  • The hotel is 0.8 miles from Lake Marion Golf Course, 1.7 miles from Santee State Park and 5 miles from Lake Marion

Exclusively Listed By

Hotel-Motel

Holiday Inn Santee

Listing Price: $10,500,000

Cap Rate
13.22%
Number of Rooms
84
RevPAR
$112
Gross SF
57,986
Price/Room
$125,000
RRM
2.99
Price/Gross SF
$181.08
Year Built
2005

Investment Highlights

  • Fee-simple interest in the Four-story, 84-unit, Holiday Inn located in Santee, South Carolina
  • Subject property was renovated in 2016 and is extremely well maintained | New ownership will need to complete a PIP for a long-term franchise with IHG
  • Located directly off Interstate-95 in the heart of Santee, South Carolina | Experiences a very high daily traffic count over 100,000 VPD
  • Offered below replacement costs including, closing costs, franchise fees, and the new ownership Property Improvement Plan
  • The hotel is 0.8 miles from Lake Marion Golf Course, 1.7 miles from Santee State Park and 5 miles from Lake Marion

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee-simple ownership of the 84-unit, Holiday Inn Santee. The subject property is located directly off Interstate-95, exit #98 in Santee, South Carolina. The hotel has great access and proximity to Lake Marion, the largest lake in South Carolina. The modern rooms come with desks, flat-screen TVs with premium cable channels, coffeemakers, minifridges and microwaves. The property boasts a well-appointed, on-site restaurant and cocktail lounge. Other guest amenities include a guest laundry facilities, fitness center, business center with high-speed Internet access and an indoor pool. Santee is located in central South Carolina near Lake Marion Golf Course, two miles from Santee State Park and 1/2 mile to Lake Marion. Orangeburg County is the second largest South Carolina County by area and has the second most highway miles. The county's mild climate, quality of life amenities, and recreational opportunities make it an attractive place to visit. The county has six interchanges on I-26 and five on I-95, and I-20 is just 41 miles north. Manufacturing, retail trade, and transportation & warehousing are among the top industries in the county. Orangeburg County has seen significant retail and industrial growth. Existing industries range from electronics and riding lawn mowers to food distribution and chemicals. In the last six years, the county has had record industrial growth, which has helped to create over 5,000 new manufacturing jobs. The county's largest employer is Husqvarna which employs more than 2,000 people in the manufacturing of riding lawn tractors. Other large employers include Koyo Corporation which manufactures ball bearings and employs 530; Sara Lee Bakery employing 536; North American Container Corporation which employs 400 people in the manufacturing of bulk shipping containers; and Zeus Industrial Products, makers of Teflon tubing and employing 450. Over the past five years, Orangeburg County has enjoyed more than 170 expansions or new industry locations. During that five-year period, those companies invested more than $625 million and created nearly 3,400 jobs.

Exclusively Listed By

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