BW Ocean Breeze HH

  • Pricing Guidance
    $7,500,000
  • Room Count
    63
  • Construction Type
    Concrete
  • Property Type
    Select Service
  • Total Revenue
    $1,692,741
  • NOI
    $563,179
  • CAP RATE
    7.7%
  • Price Per Key
    $119,048

The Best Western Ocean Breeze Hotel is a 63 room, three-story, exterior corridor limited-service hotel.  The for former Four Points by Marriott property was re-positioned, completely renovated and re-opened in 2015. The Best Western Ocean Breeze, located on Hilton Head Island, has excellent direct beach access and is ideally located for business and leisure travelers, as well as commuters.  The subject property presents an excellent opportunity for a hands-on owner/management company to maximize revenue potential in a stabilized coastal market.

Hilton Head is a resort town located on an island in Beaufort County, South Carolina and was voted the second-best Island in the US and Canada by Travel & Leisure Magazine in 2017. It is 20 miles north of Savannah, Georgia and 95 miles south of Charleston, South Carolina and features 12 miles of beachfront on the Atlantic Ocean and is a popular vacation destination. Hilton Head Island is a primary city within the Hilton Head Island-Bluffton-Beaufort MSA. Hilton Head is a high barrier-to-entry lodging market that demonstrated remarkable resilience through the economic downturn due to its consistent demand base. As the only Best Western branded hotel in Hilton Head, and with its premier location adjacent to Coligny Plaza/Beach, the Best Western is well positioned for future growth and stability. The Island’s best known and loved landmark, Harbour Town Lighthouse and Marina is only 10 minutes away.

Hilton Head boasts over 250 restaurants and is considered to have some of the freshest seafood on the east coast of the United States. Aside form seafood, other Hilton Head dining venues include all types of major ethnic cuisine including French, German, Italian, Caribbean, Japanese, Greek, Chinese, Thai and Mexican. In addition to the many dining options, Hilton Head also offers more than 200 shops ranging from elegant boutiques and art galleries to an indoor mall with major department stores and specialty shops.  Nearby Bluffton also boasts two outlet malls featuring designer brands, a wide array of major retail stores and independent shops.

The property is being offered unencumbered of management with the ability to automatically transfer the Best Western membership.  In addition to the subject hotel, a new investor has the opportunity to purchase an additional 77 key interior corridor franchised property on Hilton Head.

Offering Materials

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Contact Agent

agent

Joce Messinger

Senior Director - National Hotel Group

151 Meeting Street
Suite 450
Charleston, SC 29401

8439522255

joce.messinger@marcusmillichap.com

contact agent

Contact Agent

agent

Jack Davis

Associate - National Hotel Group

151 Meeting Street
Suite 450
Charleston, SC 29401

8439522256

jack.davis@marcusmillichap.com

contact agent