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Hotel-Motel

Creekside Lands Inn

2545 Savannah Hwy, Charleston, SC 29414

Listing Price: $5,500,000

Cap Rate
8.53%
Number of Rooms
57
RevPAR
$50
Gross SF
33,526
Price/Room
$96,491
Price/Gross SF
$164.05
Year Built
1992

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 57-unit, Creekside Lands Inn, located in Charleston, South Carolina. The subject property is situated on 1.96 acres and features 2 floors of well-maintained guest rooms. The property was recently renovated including updated furnishings and bath amenities, and is being offered with a minimal property improvement plan for a new investor. Premium amenities at the property include a seasonal outdoor swimming pool and an on-site dock for guests to fish off of as well as enjoy the scenic views of the nearby creek. Common area amenities include complimentary coffee, outdoor picnic area and grilling facilities, fax & photocopy machine, shared TV lounge area, and free on-site parking. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, microwave, refrigerator, private bathrooms, iron & ironing board, and hairdryer. Select rooms has sofa beds for additional seating and sleeping arrangements. The Creekside Lands Inn is ideally located, situated directly off U.S.-17 with close-proximity to all local demand generators. Downtown Charleston, located less than 7 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 South Carolina Aquarium, Gibbes Museum of Art, and Patriots Point located in Mount Pleasant, SC. Three higher education institutions are located within 20 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. 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 9 miles from the hotel, which is planning for a $1 Billion expansion in the upcoming years, and the Credit One Stadium, located 17 miles from the hotel. For easy traveling, the Charleston International Airport is located less than 10 miles from the hotel and features non-stop flights to many major cities, including Los Angeles, Charlotte, Boston, and Chicago.

Investment Highlights

  • Fee Simple Interest in the 57-unit, Creekside Lands Inn, Located in Charleston, South Carolina
  • Downtown Charleston, 6 Miles Away, Boasts Historic Land Sites, Restaurants, Retail, Tourist Attractions and Much More
  • Folly Beach, 15 Miles Away, is a Popular Beach Destination With Public Beach Access, Live Music, and a Variety of Restaurants
  • Higher Education | College of Charleston, Medical University of South Carolina, The Citadel, Charleston Southern University & Charleston School of Law
  • Charleston International Airport, 9 Miles Away, Provides Service to more than 4.2 Million Passenger Annually
  • Thriving Coastal Market with Multiple Tourist, Business and Leisure Demand Generators | Tanger Outlets, Credit One Stadium, Volvo
  • Boeing, Located less than 9 Miles Away, is the Largest Aerospace Company in the World | Planning a $1 Billion Expansion

Exclusively Listed By

Hotel-Motel

Creekside Lands Inn

Listing Price: $5,500,000

Cap Rate
8.53%
Number of Rooms
57
RevPAR
$50
Gross SF
33,526
Price/Room
$96,491
Price/Gross SF
$164.05
Year Built
1992

Investment Highlights

  • Fee Simple Interest in the 57-unit, Creekside Lands Inn, Located in Charleston, South Carolina
  • Downtown Charleston, 6 Miles Away, Boasts Historic Land Sites, Restaurants, Retail, Tourist Attractions and Much More
  • Folly Beach, 15 Miles Away, is a Popular Beach Destination With Public Beach Access, Live Music, and a Variety of Restaurants
  • Higher Education | College of Charleston, Medical University of South Carolina, The Citadel, Charleston Southern University & Charleston School of Law
  • Charleston International Airport, 9 Miles Away, Provides Service to more than 4.2 Million Passenger Annually
  • Thriving Coastal Market with Multiple Tourist, Business and Leisure Demand Generators | Tanger Outlets, Credit One Stadium, Volvo
  • Boeing, Located less than 9 Miles Away, is the Largest Aerospace Company in the World | Planning a $1 Billion Expansion

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 57-unit, Creekside Lands Inn, located in Charleston, South Carolina. The subject property is situated on 1.96 acres and features 2 floors of well-maintained guest rooms. The property was recently renovated including updated furnishings and bath amenities, and is being offered with a minimal property improvement plan for a new investor. Premium amenities at the property include a seasonal outdoor swimming pool and an on-site dock for guests to fish off of as well as enjoy the scenic views of the nearby creek. Common area amenities include complimentary coffee, outdoor picnic area and grilling facilities, fax & photocopy machine, shared TV lounge area, and free on-site parking. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, microwave, refrigerator, private bathrooms, iron & ironing board, and hairdryer. Select rooms has sofa beds for additional seating and sleeping arrangements. The Creekside Lands Inn is ideally located, situated directly off U.S.-17 with close-proximity to all local demand generators. Downtown Charleston, located less than 7 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 South Carolina Aquarium, Gibbes Museum of Art, and Patriots Point located in Mount Pleasant, SC. Three higher education institutions are located within 20 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. 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 9 miles from the hotel, which is planning for a $1 Billion expansion in the upcoming years, and the Credit One Stadium, located 17 miles from the hotel. For easy traveling, the Charleston International Airport is located less than 10 miles from the hotel and features non-stop flights to many major cities, including Los Angeles, Charlotte, Boston, and Chicago.

Exclusively Listed By

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