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Hotel-Motel

Best Western of Walterboro

1428 Sniders Hwy, Walterboro, SC 29488

Listing Price: $4,250,000

Cap Rate
9.00%
Number of Rooms
106
RevPAR
$32
Gross SF
36,012
Price/Room
$40,094
Price/Gross SF
$118.02
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 106-unit Best Western, located in Walterboro, South Carolina. This well appointed property was built in 1986 and features two stories of well maintained guest rooms. Premium amenities at the hotel include a seasonal outdoor swimming pool and a 24-hour front desk as an added convenience for guests. Other common area amenities consist of a business center with fax and photocopy machines, free on-site parking, vending machines, complimentary breakfast, and truck/RV parking. Each guest room is equipped with free Wi-Fi, flat screen TV with premium & cable channels, microwave, refrigerator, in-room coffee & tea maker, hair dryer, and a desk with chair. King bed guest rooms offer an extra seating area for guests to relax. Walterboro was founded in 1783, as a summer retreat for local planters. It quickly ?ourished with its progressive developments, such as becoming country seat in 1821, establishing a railroad line connecting Columbia and Charleston in 1900s, and the emergence of Interstate-95. The evolvement of Interstate-95 brought travelers to Walterboro as an overnight stop on their way to Florida or New York. Today Walterboro is dotted with historic homes dating back to 1820, and a downtown that has kept many of its historic buildings. The city has become increasingly known as an antiquing destination and is a popular day trip from surrounding areas, including Charleston, Beaufort, and Hilton Head. Walterboro has many attractions of its own, including the annual Rice Festival, Walterboro Wildlife Sanctuary, South Carolina Artisan Center, and nearby Middleton Place. 5 miles from the Best Western is the Colleton Medical Center, one of the main demand generators in this market. Colleton Medical Center (CMC) has a longstanding history of being the leader in commitment to patient-centered care in the community. The subject property’s location is ideal for travelers, situated directly off Interstate-95 with close proximity to a variety of restaurants.

Investment Highlights

  • Fee simple interest in the 106-unit, Best Western of Walterboro, located in South Carolina
  • Strategically located directly off Interstate-95 with close proximity to Charleston, SC and Savannah, GA | Popular Tourist Destinations
  • Variety of restaurants are located within walking distance of the hotel
  • Walterboro Wildlife Sanctuary, a 600- acre preserve with 4 miles of walking paths, is located 3 minutes from the hotel
  • University of South Carolina - Salkehatchie is less than 5 miles from the hotel

Exclusively Listed By

Hotel-Motel

Best Western of Walterboro

Listing Price: $4,250,000

Cap Rate
9.00%
Number of Rooms
106
RevPAR
$32
Gross SF
36,012
Price/Room
$40,094
Price/Gross SF
$118.02
Year Built
1978

Investment Highlights

  • Fee simple interest in the 106-unit, Best Western of Walterboro, located in South Carolina
  • Strategically located directly off Interstate-95 with close proximity to Charleston, SC and Savannah, GA | Popular Tourist Destinations
  • Variety of restaurants are located within walking distance of the hotel
  • Walterboro Wildlife Sanctuary, a 600- acre preserve with 4 miles of walking paths, is located 3 minutes from the hotel
  • University of South Carolina - Salkehatchie is less than 5 miles from the hotel

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 106-unit Best Western, located in Walterboro, South Carolina. This well appointed property was built in 1986 and features two stories of well maintained guest rooms. Premium amenities at the hotel include a seasonal outdoor swimming pool and a 24-hour front desk as an added convenience for guests. Other common area amenities consist of a business center with fax and photocopy machines, free on-site parking, vending machines, complimentary breakfast, and truck/RV parking. Each guest room is equipped with free Wi-Fi, flat screen TV with premium & cable channels, microwave, refrigerator, in-room coffee & tea maker, hair dryer, and a desk with chair. King bed guest rooms offer an extra seating area for guests to relax. Walterboro was founded in 1783, as a summer retreat for local planters. It quickly ?ourished with its progressive developments, such as becoming country seat in 1821, establishing a railroad line connecting Columbia and Charleston in 1900s, and the emergence of Interstate-95. The evolvement of Interstate-95 brought travelers to Walterboro as an overnight stop on their way to Florida or New York. Today Walterboro is dotted with historic homes dating back to 1820, and a downtown that has kept many of its historic buildings. The city has become increasingly known as an antiquing destination and is a popular day trip from surrounding areas, including Charleston, Beaufort, and Hilton Head. Walterboro has many attractions of its own, including the annual Rice Festival, Walterboro Wildlife Sanctuary, South Carolina Artisan Center, and nearby Middleton Place. 5 miles from the Best Western is the Colleton Medical Center, one of the main demand generators in this market. Colleton Medical Center (CMC) has a longstanding history of being the leader in commitment to patient-centered care in the community. The subject property’s location is ideal for travelers, situated directly off Interstate-95 with close proximity to a variety of restaurants.

Exclusively Listed By

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