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Hotel-Motel

Wingate by Wyndham Charleston Airport Coliseum

4701 Saul White Blvd, North Charleston, SC 29418

Listing Price: $11,950,000

Cap Rate
8.17%
Number of Rooms
124
RevPAR
$65
Gross SF
49,888
Price/Room
$96,371
Price/Gross SF
$239.54
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 124-unit Wingate by Wyndham Charleston Airport Coliseum, located in the North Charleston, South Carolina. This well-appointed property is located 2.5 miles from the Charleston International Airport. The subject property offers an airport shuttle to make travel easy for guests. Hotel amenities include an outdoor swimming pool, business center, and fitness center. Complimentary breakfast and free on-site parking are included in guest stays. Each unit offers free Wi-Fi, flat screen TVs, in room coffee/tea maker, hairdryer, and a desk with chair. Select rooms offer larger living area for a more spacious room.

The subject property is in an ideal location, situated directly off Interstate-26 with close proximity to the Charleston International Airport, downtown Charleston, beaches, and all major corporations. Downtown Charleston is one of the most historic and highly visited cities in the U.S. It has been continuously ranked the #1 travel destination in the U.S. according to Travel + Leisure magazine and hosts more 7.3 million visitors annually. Charleston is located on the Atlantic seaboard and encompasses the metro regions of Charleston, Berkeley, and Dorchester counties in southeastern South Carolina. A favorable business climate is helping to draw companies and workers to the region. 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. With an endless amount of activities visitors will find themselves wanting to come back to Charleston to explore all that the area has to offer.

Investment Highlights

  • Fee-simple interest in the 124-unit Wingate by Wyndham Charleston Airport Coliseum, located in North Charleston, SC
  • Strategic location just off I-26 presenting high visibility and ease of access to key destinations in a popular, coastal market that attracts over 7.68M visitors each year
  • Strong corporate and institutional demand due to its proximity to Boeing, Bosch, Mercedes Benz Vans, Joint Base Charleston, as well as several major logistics and distribution centers
  • Just 1 miles to the North Charleston Coliseum & Performing Arts Center, home to the South Carolina Stingrays and host of national acts such as Elton John, Disney on Ice, and NCAA tournaments

Exclusively Listed By

  • Jack Davis

    Senior Vice President Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Joce Messinger

    First Vice President Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Financing By

Hotel-Motel

Wingate by Wyndham Charleston Airport Coliseum

Listing Price: $11,950,000

Cap Rate
8.17%
Number of Rooms
124
RevPAR
$65
Gross SF
49,888
Price/Room
$96,371
Price/Gross SF
$239.54
Year Built
1985

Investment Highlights

  • Fee-simple interest in the 124-unit Wingate by Wyndham Charleston Airport Coliseum, located in North Charleston, SC
  • Strategic location just off I-26 presenting high visibility and ease of access to key destinations in a popular, coastal market that attracts over 7.68M visitors each year
  • Strong corporate and institutional demand due to its proximity to Boeing, Bosch, Mercedes Benz Vans, Joint Base Charleston, as well as several major logistics and distribution centers
  • Just 1 miles to the North Charleston Coliseum & Performing Arts Center, home to the South Carolina Stingrays and host of national acts such as Elton John, Disney on Ice, and NCAA tournaments

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 124-unit Wingate by Wyndham Charleston Airport Coliseum, located in the North Charleston, South Carolina. This well-appointed property is located 2.5 miles from the Charleston International Airport. The subject property offers an airport shuttle to make travel easy for guests. Hotel amenities include an outdoor swimming pool, business center, and fitness center. Complimentary breakfast and free on-site parking are included in guest stays. Each unit offers free Wi-Fi, flat screen TVs, in room coffee/tea maker, hairdryer, and a desk with chair. Select rooms offer larger living area for a more spacious room. The subject property is in an ideal location, situated directly off Interstate-26 with close proximity to the Charleston International Airport, downtown Charleston, beaches, and all major corporations. Downtown Charleston is one of the most historic and highly visited cities in the U.S. It has been continuously ranked the #1 travel destination in the U.S. according to Travel + Leisure magazine and hosts more 7.3 million visitors annually. Charleston is located on the Atlantic seaboard and encompasses the metro regions of Charleston, Berkeley, and Dorchester counties in southeastern South Carolina. A favorable business climate is helping to draw companies and workers to the region. 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. With an endless amount of activities visitors will find themselves wanting to come back to Charleston to explore all that the area has to offer.

Exclusively Listed By

  • Jack Davis

    Senior Vice President Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Joce Messinger

    First Vice President Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Financing By

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