Hotel-Motel

Country Inn & Suites

865 Patriot Pkwy, Rock Hill, SC 29730

Listing Price: $3,600,000

Cap Rate
9.58%
Number of Rooms
43
Gross SF
32,670
Price/Room
$83,721
Price/Gross SF
$110.19
Year Built
1997

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 43 room Country Inn & Suites located in Rock Hill, South Carolina, part of the Charlotte MSA. The Country Inn & Suites is a 1997-build, 3-story property located near Interstate 77, providing ease of access for commerce and tourism. Country Inn & Suites Rock Hill was previously sold in May of 2018 for $3.45 million with a required $750,000 PIP in addition to the sale price, which was completed by the current owner. A new owner would have the opportunity to acquire a property with a manageable PIP, and potential to realize significant RevPAR growth by capitalizing on incoming economic development in the near future.

Investment Highlights

  • Property is Located in the Charlotte MSA, Just off of Interstate 77.
  • Potential for Upside with the Carolina Panther's Headquarters & Training Facility Under Construction Less Than One Half Mile Away.
  • Reasonable PIP Expected for a New Owner, Sellers Recently Spent $750,000 on Their Renovation.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): SC: 86628

    South Carolina

Listing Price: $3,600,000

Cap Rate
9.58%
Number of Rooms
43
Gross SF
32,670
Price/Room
$83,721
Price/Gross SF
$110.19
Year Built
1997

Investment Highlights

  • Property is Located in the Charlotte MSA, Just off of Interstate 77.
  • Potential for Upside with the Carolina Panther's Headquarters & Training Facility Under Construction Less Than One Half Mile Away.
  • Reasonable PIP Expected for a New Owner, Sellers Recently Spent $750,000 on Their Renovation.

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 43 room Country Inn & Suites located in Rock Hill, South Carolina, part of the Charlotte MSA. The Country Inn & Suites is a 1997-build, 3-story property located near Interstate 77, providing ease of access for commerce and tourism. Country Inn & Suites Rock Hill was previously sold in May of 2018 for $3.45 million with a required $750,000 PIP in addition to the sale price, which was completed by the current owner. A new owner would have the opportunity to acquire a property with a manageable PIP, and potential to realize significant RevPAR growth by capitalizing on incoming economic development in the near future.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): SC: 86628

    South Carolina

MM Texture Background
MM Textured Background Lower