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Hotel-Motel

Country Inn & Suites Summerville

220 Holiday Dr, Summerville, SC 29483

Listing Price: $7,750,000

Cap Rate
8.16%
Number of Rooms
84
RevPAR
$68
Gross SF
46,168
Price/Room
$92,262
RRM
3.62
Price/Gross SF
$167.87
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 84 unit, Country Inn & Suites Summerville located in Summerville, South Carolina. The interior corridor property features four floors of well-maintained guest rooms. Premium amenities include an on-site outdoor swimming pool and a meeting space. Common area amenities available to guests are complimentary continental breakfast, fitness center, business center, free on-site parking, guest-laundry facilities, 24-hour front desk, and vending machines. Each guest room is equipped with free Wi-Fi, flat-screen TV, minifridge, microwave, and private bathroom.

The Country Inn Summerville is strategically located along the highly trafficked Interstate-26. The Summerville area is historically known for its manufacturing and agriculture industries which are still prevalent in the current economy, but heavily supported by the development of higher education and healthcare sectors. Demand generators for the area include KION North America, Boeing, Mercedes- Benz, Volvo, Roper St Francis Berkeley Hospital, Summerville Medical Center, Trident Medical Center, and Charleston Southern University. KION North America, one of the world's leading manufacturers of industrial trucks, holds their headquarters in Summerville just one mile from the hotel. Summerville, also known as " The Birthplace of Sweet Tea" has various nearby attractions for visitors to enjoy. Historic downtown Summerville is a short two mile drive with restaurants, retail centers, and museums. Visitors can also enjoy other historic landmarks such as Drayton Hall & Middleton Place.

Charleston, located about 23 miles away, is one of the most historic and highly visited cities in the United States, with more than 7.4 million visitors annually. The historic city has been continuously ranked as the #1 travel destination in U.S. according to Travel + Leisure magazine. The area offers many tourist attractions and leisure activities including but not limited to the South Carolina Aquarium, Gibbes Museum of Art, and Patriots Point located in Mount Pleasant, SC. Multiple higher education institutions are located within 30 minutes of the hotel, including The Citadel, Medical University of South Carolina, The College of Charleston, Charleston School of Law, and Charleston Southern University. The North Charleston area is home to Joint Base Charleston, a U.S. Military Joint base, which encompasses 79,000 military affiliated individuals. The Charleston International Airport is located 17 miles away and provide service to more than 4.5 millions passengers annually.

Investment Highlights

  • Fee simple interest in the 84-Unit, Country Inn & Suites , located in Summerville, South Carolina
  • Conveniently located off I-26 | Proximity to all demand generators
  • Downtown Charleston, 30 minutes away, offers major attractions including hospitals, retail, entertainment & more
  • Medical Centers | Trident Medical Center (1.5 mi) | Roper St Francis Berkeley (5 mi) | Summerville Medical Center (7 mi)
  • Charleston International Airport, located 17 miles away, provides service to 5.7 million travelers on an annual basis
  • Universities | Charleston Southern University (8 minutes) | College of Charleston (27 minutes)

Exclusively Listed By

Financing By

Hotel-Motel

Country Inn & Suites Summerville

Listing Price: $7,750,000

Cap Rate
8.16%
Number of Rooms
84
RevPAR
$68
Gross SF
46,168
Price/Room
$92,262
RRM
3.62
Price/Gross SF
$167.87
Year Built
2004

Investment Highlights

  • Fee simple interest in the 84-Unit, Country Inn & Suites , located in Summerville, South Carolina
  • Conveniently located off I-26 | Proximity to all demand generators
  • Downtown Charleston, 30 minutes away, offers major attractions including hospitals, retail, entertainment & more
  • Medical Centers | Trident Medical Center (1.5 mi) | Roper St Francis Berkeley (5 mi) | Summerville Medical Center (7 mi)
  • Charleston International Airport, located 17 miles away, provides service to 5.7 million travelers on an annual basis
  • Universities | Charleston Southern University (8 minutes) | College of Charleston (27 minutes)

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 84 unit, Country Inn & Suites Summerville located in Summerville, South Carolina. The interior corridor property features four floors of well-maintained guest rooms. Premium amenities include an on-site outdoor swimming pool and a meeting space. Common area amenities available to guests are complimentary continental breakfast, fitness center, business center, free on-site parking, guest-laundry facilities, 24-hour front desk, and vending machines. Each guest room is equipped with free Wi-Fi, flat-screen TV, minifridge, microwave, and private bathroom. The Country Inn Summerville is strategically located along the highly trafficked Interstate-26. The Summerville area is historically known for its manufacturing and agriculture industries which are still prevalent in the current economy, but heavily supported by the development of higher education and healthcare sectors. Demand generators for the area include KION North America, Boeing, Mercedes- Benz, Volvo, Roper St Francis Berkeley Hospital, Summerville Medical Center, Trident Medical Center, and Charleston Southern University. KION North America, one of the world's leading manufacturers of industrial trucks, holds their headquarters in Summerville just one mile from the hotel. Summerville, also known as " The Birthplace of Sweet Tea" has various nearby attractions for visitors to enjoy. Historic downtown Summerville is a short two mile drive with restaurants, retail centers, and museums. Visitors can also enjoy other historic landmarks such as Drayton Hall & Middleton Place. Charleston, located about 23 miles away, is one of the most historic and highly visited cities in the United States, with more than 7.4 million visitors annually. The historic city has been continuously ranked as the #1 travel destination in U.S. according to Travel + Leisure magazine. The area offers many tourist attractions and leisure activities including but not limited to the South Carolina Aquarium, Gibbes Museum of Art, and Patriots Point located in Mount Pleasant, SC. Multiple higher education institutions are located within 30 minutes of the hotel, including The Citadel, Medical University of South Carolina, The College of Charleston, Charleston School of Law, and Charleston Southern University. The North Charleston area is home to Joint Base Charleston, a U.S. Military Joint base, which encompasses 79,000 military affiliated individuals. The Charleston International Airport is located 17 miles away and provide service to more than 4.5 millions passengers annually.

Exclusively Listed By

Financing By

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