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Hotel-Motel

Best Western Plus University Inn & Conference Center

1310 Tiger Blvd, Clemson, SC 29631

Listing Price: $11,250,000

Cap Rate
14.75%
Number of Rooms
148
RevPAR
$59
Gross SF
82,844
Price/Room
$76,014
Price/Gross SF
$135.80
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 148-unit, interior corridor, Best Western Plus University Inn & Conference Center, located in Clemson, South Carolina. The subject property is situated 1 mile from Clemson University, affording it proximity to all campus and university demand generators. The property is well equipped to host corporate and special events with over 6,200 SF of event space and catering available. Other common area amenities include an outdoor swimming pool, business center, ?tness center, 24-hour front desk, on-site restaurant, and a cocktail lounge. At no extra charge, guest can enjoy a complimentary full breakfast and on-site parking during their stay. Each guest room comes equipped with free Wi-Fi, ?at screen TV, in-room coffee & tea marker, minifridge, desk with chair, and private bathrooms. Select rooms have balconies and/or sofa beds for additional seating areas and sleeping arrangements. The property currently has a contracted block of business with the University that will guarantee all guest suites will be occupied through April of 2022. The Best Western Plus is strategically located within 1 mile of Clemson University, situated between Highway-76 and Highway-123. Clemson University is the largest demand generator for the area with over 20,000 enrolled students, and multiple high accomplished athletics programs. Memorial Stadium and the Littlejohn Coliseum are the football and basketball stadiums, respectively, for Clemson University. Other demand generators in the area include the South Carolina Botanical Gardens, Bob Campbell Geology Museum, and the Larry W. Abernathy Waterfront Park, all located within 5 miles of the hotel. The Greenville-Spartanburg International Airport, located 45 minutes from Clemson, is the second busiest airport in South Carolina, with over 2.6 million passengers in 2019. The Best Western is approximately 10 minutes to the Amtrak Clemson Train Station, home of the Crescent train which runs from New York City to New Orleans, LA. The Clemson area is situated in one of the nation's emerging high-speed rail corridors, known as the Southeast High Speed Rail Corridor, or SEHSR. Additionally, the area offers more than ?fteen golf courses, ten parks, and seven South Carolina State Park recreational areas. Within one hour, visitors can ?nd the Blue Ridge Mountains which offer plenty of outdoor attractions and activities, such as hiking, ?shing, and mountain biking.

Investment Highlights

  • Fee simple interest in the 148-unit, interior corridor, Best Western Plus University Inn & Conference Center, located in Clemson, South Carolina
  • Conveniently situated 1 mile from the Clemson University | Close proximity to all campus and local demand generators
  • Minimal Property Improvement Plan expected for new owner
  • 6,280 SF conference facility & catering available for special events and corporate meetings
  • Located at the intersection of Highway-123 and Highway-76 | High visibility & Accessibility  
  • Property has a set contract with University to occupy all the guest rooms through April of 2022
  • Greenville-Spartanburg International Airport is located 43 miles away | 2nd largest airport in South Carolina

Exclusively Listed By

Hotel-Motel

Best Western Plus University Inn & Conference Center

Listing Price: $11,250,000

Cap Rate
14.75%
Number of Rooms
148
RevPAR
$59
Gross SF
82,844
Price/Room
$76,014
Price/Gross SF
$135.80
Year Built
1982

Investment Highlights

  • Fee simple interest in the 148-unit, interior corridor, Best Western Plus University Inn & Conference Center, located in Clemson, South Carolina
  • Conveniently situated 1 mile from the Clemson University | Close proximity to all campus and local demand generators
  • Minimal Property Improvement Plan expected for new owner
  • 6,280 SF conference facility & catering available for special events and corporate meetings
  • Located at the intersection of Highway-123 and Highway-76 | High visibility & Accessibility  
  • Property has a set contract with University to occupy all the guest rooms through April of 2022
  • Greenville-Spartanburg International Airport is located 43 miles away | 2nd largest airport in South Carolina

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 148-unit, interior corridor, Best Western Plus University Inn & Conference Center, located in Clemson, South Carolina. The subject property is situated 1 mile from Clemson University, affording it proximity to all campus and university demand generators. The property is well equipped to host corporate and special events with over 6,200 SF of event space and catering available. Other common area amenities include an outdoor swimming pool, business center, ?tness center, 24-hour front desk, on-site restaurant, and a cocktail lounge. At no extra charge, guest can enjoy a complimentary full breakfast and on-site parking during their stay. Each guest room comes equipped with free Wi-Fi, ?at screen TV, in-room coffee & tea marker, minifridge, desk with chair, and private bathrooms. Select rooms have balconies and/or sofa beds for additional seating areas and sleeping arrangements. The property currently has a contracted block of business with the University that will guarantee all guest suites will be occupied through April of 2022. The Best Western Plus is strategically located within 1 mile of Clemson University, situated between Highway-76 and Highway-123. Clemson University is the largest demand generator for the area with over 20,000 enrolled students, and multiple high accomplished athletics programs. Memorial Stadium and the Littlejohn Coliseum are the football and basketball stadiums, respectively, for Clemson University. Other demand generators in the area include the South Carolina Botanical Gardens, Bob Campbell Geology Museum, and the Larry W. Abernathy Waterfront Park, all located within 5 miles of the hotel. The Greenville-Spartanburg International Airport, located 45 minutes from Clemson, is the second busiest airport in South Carolina, with over 2.6 million passengers in 2019. The Best Western is approximately 10 minutes to the Amtrak Clemson Train Station, home of the Crescent train which runs from New York City to New Orleans, LA. The Clemson area is situated in one of the nation's emerging high-speed rail corridors, known as the Southeast High Speed Rail Corridor, or SEHSR. Additionally, the area offers more than ?fteen golf courses, ten parks, and seven South Carolina State Park recreational areas. Within one hour, visitors can ?nd the Blue Ridge Mountains which offer plenty of outdoor attractions and activities, such as hiking, ?shing, and mountain biking.

Exclusively Listed By

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