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Hotel-Motel

Hyatt Place Columbia Harbison

1130 Kinley Rd, Irmo, SC 29063

Listing Price: $9,800,000

Cap Rate
7.60%
Number of Rooms
127
RevPAR
$69
Gross SF
112,820
Price/Room
$77,165
Price/Gross SF
$86.86
Year Built
1999

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 127-room Hyatt Place Columbia Harbison located in Irmo, South Carolina, a suburb of Columbia. The Hyatt Place is a 6-story box built in 1999. The hotel's convenient proximity to Interstate 26 provides ease of access for commerce and tourism. Hyatt Place Columbia Harbison provides the opportunity for a new owner to acquire a 100-plus room hotel with potential to realize significant RevPAR upside through hands-on management, taking advantage of a brand refresh renovation and utilization of the Hyatt name, reservation system, and loyal base of guests.

Investment Highlights

  • Sizable ADR Upside to the Competitive Set
  • Stable 3-Year Trailing RevPAR Pre-COVID-19
  • 100% Suites Property

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Hotel-Motel

Hyatt Place Columbia Harbison

Listing Price: $9,800,000

Cap Rate
7.60%
Number of Rooms
127
RevPAR
$69
Gross SF
112,820
Price/Room
$77,165
Price/Gross SF
$86.86
Year Built
1999

Investment Highlights

  • Sizable ADR Upside to the Competitive Set
  • Stable 3-Year Trailing RevPAR Pre-COVID-19
  • 100% Suites Property

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 127-room Hyatt Place Columbia Harbison located in Irmo, South Carolina, a suburb of Columbia. The Hyatt Place is a 6-story box built in 1999. The hotel's convenient proximity to Interstate 26 provides ease of access for commerce and tourism. Hyatt Place Columbia Harbison provides the opportunity for a new owner to acquire a 100-plus room hotel with potential to realize significant RevPAR upside through hands-on management, taking advantage of a brand refresh renovation and utilization of the Hyatt name, reservation system, and loyal base of guests.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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