Hotel-Motel

Quality Inn & Suites Santee I-95

8929 Old Number Six Hwy, Santee, SC 29142

Listing Price: $3,400,000

Cap Rate
2.77%
Number of Rooms
106
RevPAR
$17
Gross SF
48,000
Price/Room
$32,075
RRM
5.04
Price/Gross SF
$70.83
Year Built
1968

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee-simple ownership of the 106 room Quality Inn & Suites Santee. The subject property is located directly off Interstate-95 at exit #98 in Santee, South Carolina. The hotel has great access and proximity to Lake Marion, the largest lake in South Carolina. This well-appointed hotel was constructed in 1968 and is being offered well below replacement cost. The hotel is being offered unencumbered of management with the ability to retain the current franchise from Choice. The hotel features premium amenities including but not limited to a fitness center, outdoor pool, full-service breakfast, self-parking, conference space and meeting space. Additional amenities include a casual bar and grill, a putting green, shuffleboard and free parking for trucks, buses and RVs.

The hotel guest rooms include cable TV, coffeemakers, hairdryers, irons and ironing boards. Larger suites also include refrigerators and microwaves. The subject property is well situated on 8.61 acres with great visibility from Interstate-95 and is within walking distance to multiple demand generators. 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 106-unit Quality Inn & Suites Santee
  • Strategically located directly off Interstate-95
  • Offered unencumbered of debt and management
  • Proximate to all regional demand
  • Strategically located with ease of access for both business and leisure travelers
  • Extremely well-maintained property

Exclusively Listed By

Hotel-Motel

Quality Inn & Suites Santee I-95

Listing Price: $3,400,000

Cap Rate
2.77%
Number of Rooms
106
RevPAR
$17
Gross SF
48,000
Price/Room
$32,075
RRM
5.04
Price/Gross SF
$70.83
Year Built
1968

Investment Highlights

  • Fee-simple interest in the 106-unit Quality Inn & Suites Santee
  • Strategically located directly off Interstate-95
  • Offered unencumbered of debt and management
  • Proximate to all regional demand
  • Strategically located with ease of access for both business and leisure travelers
  • Extremely well-maintained property

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee-simple ownership of the 106 room Quality Inn & Suites Santee. The subject property is located directly off Interstate-95 at exit #98 in Santee, South Carolina. The hotel has great access and proximity to Lake Marion, the largest lake in South Carolina. This well-appointed hotel was constructed in 1968 and is being offered well below replacement cost. The hotel is being offered unencumbered of management with the ability to retain the current franchise from Choice. The hotel features premium amenities including but not limited to a fitness center, outdoor pool, full-service breakfast, self-parking, conference space and meeting space. Additional amenities include a casual bar and grill, a putting green, shuffleboard and free parking for trucks, buses and RVs.

The hotel guest rooms include cable TV, coffeemakers, hairdryers, irons and ironing boards. Larger suites also include refrigerators and microwaves. The subject property is well situated on 8.61 acres with great visibility from Interstate-95 and is within walking distance to multiple demand generators. 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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