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Hotel-Motel

Quality Inn & Suites Myrtle Beach

401 Hospitality Ln, Myrtle Beach, SC 29579

Listing Price: $11,400,000

Cap Rate
9.50%
Number of Rooms
96
RevPAR
$77
Gross SF
76,701
Price/Room
$118,750
RRM
4.30
Price/Gross SF
$148.63
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 96-unit, Quality Inn & Suites by Choice located in Myrtle Beach, South Carolina. This well-appointed hotel was constructed in 2000 and is being offered well below replacement costs with the ability to retain the current franchise. The subject property is situated on approximately 1.93 acres, located right off highway 501 south which experiences a very high daily traffic count. Guest rooms provide complimentary Wi-Fi and flat-screen TVs, plus refrigerators, microwaves, hair dryers, ironing boards and coffeemakers. Free amenities include hot breakfast, large seasonal outdoor swimming pool, business center, and parking. The Quality Inn & Suites offers a great location in one of the country’s most popular vacation spots, with easy access to the Atlantic Ocean. The hotel is within walking distance to many demand generators including the Tanger Outlets, Barefoot Landing and the Waccamaw Outlet. Popular tourist destinations include Ripley’s Aquarium, Broadway at the Beach, the House of Blues, the Carolina Opry, Kingdom Amusement Park and the Pavilion. The hotel is in close proximity to all of Myrtle Beach’s shops, restaurants, and premier golf courses. Higher education opportunities in the Myrtle Beach area include Miller Motte Tech College, Horry Georgetown Tech, and Coastal Carolina University with a variety of degrees and certification programs. Three outstanding hospital systems serve the Myrtle Beach region: Grand Strand Regional Medical Center, Georgetown Hospital System, and McLeod Health.

Investment Highlights

  • Fee simple interest in the 95-unit, Quality Inn & Suites Myrtle Beach, located in Myrtle Beach, South Carolina
  • Offered unencumbered of debt and management
  • Extremely well maintained offered with minimal Property Improvement Plan for a new investor
  • Located off Highway 501 in close proximity the famed Boardwalk, Sky wheel and Broadway at the Beach
  • Walking distance to all major demand generators and less than 10 miles from the Myrtle Beach International Airport
  • Near Myrtle Beach Speedway, the Coastal Grand Mall, Coastal Carolina University, Myrtle Waves water park and the Hollywood Wax Museum Myrtle Beach

Exclusively Listed By

Hotel-Motel

Quality Inn & Suites Myrtle Beach

Listing Price: $11,400,000

Cap Rate
9.50%
Number of Rooms
96
RevPAR
$77
Gross SF
76,701
Price/Room
$118,750
RRM
4.30
Price/Gross SF
$148.63
Year Built
2000

Investment Highlights

  • Fee simple interest in the 95-unit, Quality Inn & Suites Myrtle Beach, located in Myrtle Beach, South Carolina
  • Offered unencumbered of debt and management
  • Extremely well maintained offered with minimal Property Improvement Plan for a new investor
  • Located off Highway 501 in close proximity the famed Boardwalk, Sky wheel and Broadway at the Beach
  • Walking distance to all major demand generators and less than 10 miles from the Myrtle Beach International Airport
  • Near Myrtle Beach Speedway, the Coastal Grand Mall, Coastal Carolina University, Myrtle Waves water park and the Hollywood Wax Museum Myrtle Beach

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 96-unit, Quality Inn & Suites by Choice located in Myrtle Beach, South Carolina. This well-appointed hotel was constructed in 2000 and is being offered well below replacement costs with the ability to retain the current franchise. The subject property is situated on approximately 1.93 acres, located right off highway 501 south which experiences a very high daily traffic count. Guest rooms provide complimentary Wi-Fi and flat-screen TVs, plus refrigerators, microwaves, hair dryers, ironing boards and coffeemakers. Free amenities include hot breakfast, large seasonal outdoor swimming pool, business center, and parking. The Quality Inn & Suites offers a great location in one of the country’s most popular vacation spots, with easy access to the Atlantic Ocean. The hotel is within walking distance to many demand generators including the Tanger Outlets, Barefoot Landing and the Waccamaw Outlet. Popular tourist destinations include Ripley’s Aquarium, Broadway at the Beach, the House of Blues, the Carolina Opry, Kingdom Amusement Park and the Pavilion. The hotel is in close proximity to all of Myrtle Beach’s shops, restaurants, and premier golf courses. Higher education opportunities in the Myrtle Beach area include Miller Motte Tech College, Horry Georgetown Tech, and Coastal Carolina University with a variety of degrees and certification programs. Three outstanding hospital systems serve the Myrtle Beach region: Grand Strand Regional Medical Center, Georgetown Hospital System, and McLeod Health.

Exclusively Listed By

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