Hotel-Motel

Wyndham Garden

47 Fisherman Ln, Greenville, SC 29615

Listing Price: Request For Offer

Number of Rooms
138
Gross SF
94,089
Year Built
1994

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 138 room Wyndham Garden Hotel located in Greenville, South Carolina. The Hotel is comprised of one 3-story, 55-room tower built in 1994 and a contiguous 6-story, 83-room tower which was added years later. The property is located just off Interstate 85, with great visibility, providing ease of access for commerce and tourism. Wyndham Garden Greenville Airport provides the opportunity for a new owner to acquire a recently renovated hotel in one of the fastest growing business-friendly MSAs in the southeast, with potential to realize significant NOI gain through streamlining operations, and taking advantage of the recently completed renovation. Recent renovations were completed prior to the current owner purchasing the hotel, then again in 2018 and early 2019 which interrupted business operations. After the renovations, the property had significant growth in RevPAR during the second half of 2019. Prior to the COVID-19 pandemic, the Wyndham Garden was approaching stabilization.

Investment Highlights

  • Minimal anticipated change of ownership PIP, due to recent extensive renovation.
  • Property is located just off Interstate 85, with great visibility.
  • In the months prior to COVID-19, property occupancy was strong, following the completion of the extensive renovation.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): SC: 86628

    South Carolina

Listing Price: Request For Offer

Number of Rooms
138
Gross SF
94,089
Year Built
1994

Investment Highlights

  • Minimal anticipated change of ownership PIP, due to recent extensive renovation.
  • Property is located just off Interstate 85, with great visibility.
  • In the months prior to COVID-19, property occupancy was strong, following the completion of the extensive renovation.

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 138 room Wyndham Garden Hotel located in Greenville, South Carolina. The Hotel is comprised of one 3-story, 55-room tower built in 1994 and a contiguous 6-story, 83-room tower which was added years later. The property is located just off Interstate 85, with great visibility, providing ease of access for commerce and tourism. Wyndham Garden Greenville Airport provides the opportunity for a new owner to acquire a recently renovated hotel in one of the fastest growing business-friendly MSAs in the southeast, with potential to realize significant NOI gain through streamlining operations, and taking advantage of the recently completed renovation. Recent renovations were completed prior to the current owner purchasing the hotel, then again in 2018 and early 2019 which interrupted business operations. After the renovations, the property had significant growth in RevPAR during the second half of 2019. Prior to the COVID-19 pandemic, the Wyndham Garden was approaching stabilization.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): SC: 86628

    South Carolina

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