Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 98-unit Comfort Suites North Charleston-Ashley Phosphate, located in North Charleston, South Carolina. This well-appointed hotel was recently built in 2017 and features many shared lounge areas, both indoors and outdoors. Some common area amenities include a fitness center, business center, complimentary breakfast, and free on-site parking. Premium amenities include an indoor swimming pool and on-site convenience store. The subject property has meeting and banquet space and is well equipped to host small events and corporate meetings. Each guest room comes with free Wi-Fi, flat-screen TV, hairdryer, microwave, minifridge, in-room coffee and tea maker, and desk with chair The subject property is in an ideal location, situated directly off Interstate-26 with close-proximity to all local demand generators. Downtown Charleston, located less than 13 miles from the hotel, is one of the most historic and highly visited cities in the United States. 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 North Charleston Coliseum & Performing Arts Center, South Carolina Aquarium, Gibbes Museum of Art, and Patriots Point located in Mount Pleasant, SC. Three higher education institutions are located within 25 minutes of the hotel, including The Citadel, Medical University of South Carolina, and The College of Charleston, which have a collective enrollment of over 20,000 students. Additional colleges and universities include Trident Technical College, Charleston Southern University, and Charleston School of Law. The North Charleston area is home to Joint Base Charleston, a U.S. Military Joint base, which encompasses 79,000 military affiliated individuals. Other major demand generators in North Charleston include Boeing, located 13 minutes from the hotel, and the Credit One Stadium, located 15 minutes from the hotel. For easy traveling, the Charleston International Airport is located 7 miles from the hotel and features non-stop flights to many major cities, including Los Angeles, Charlotte, Boston, and Chicago.