Quality Inn Fort Mill

  • Price
    $3,800,000
  • Number of Rooms
    68
  • Stories
    2
  • Acres
    1.82
  • 2019 Revenue
    $1,128,876
  • 2019 NOI
    $277,651
  • Parcel ID
    7230000063
  • Year Built
    1995

Marcus & Millichap, acting as exclusive listing broker, is pleased to offer the opportunity to acquire the Quality Inn at Carowinds’s located in Fort Mill, South Carolina. The subject property is a two-story, 68 key hotel offering well appointed guest rooms situated on 1.84 acres. Historical revenues have ranged between $1,200,000 to nearly $1,350,000 for the past three years. The property is currently under-performing its competitive market set, affording a considerable value-add opportunity for a new investor. Additionally, the Net Operating Income can potentially increase nearly 10% by reducing elective management expenses .

The Quality Inn benefits from its ideal location approximately only 0.5 mile from Carowinds, a 398-acre amusement park boasting nearly 2 million visitors annually. The park is located at the border of North and South Carolina and was built as an initiative to bring the two states closer together. In 2015, management announced it would undertake a $50 million plan to expand the theme park within the following three years. The expansion has seen the addition of the Fury 325, the worlds tallest and fastest giga coaster (high-speed roller coaster over 300 feet in height). The expansion is expected to significantly increase park attendance.

The Quality Inn is ideally located near Interstate 77, a major north/south thoroughfare spanning as far north as Cleveland, Ohio. Situated near the intersection of U.S. Route 21 and Interstate 77, visitors to the Quality Inn can easily access all the areas attractions, diverse corporate business generators and historic sites. The Quality Inn is located only five miles from the Charlotte LYNX light rail southernmost station. The LYNX Rapid Transit Services system consists of 15 total stops in the city and spans as far north as Uptown Charlotte. Cabela’s, the worlds largest direct marketer of hunting, fishing, camping and related outdoor merchandise, has recently opened a 104,000 square foot store directly across the street from the Quality Inn. Based on its proximity to the Charlotte International Airport and other demand generators including Interstate-77, restaurants, corporate headquarters and shopping, the property is perfectly situated for an investor looking for a select service, value add opportunity.

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Contact Agent

agent

Jack Davis

Vice President - Hospitality Division

151 Meeting Street
Suite 450
Charleston, SC 29401

843.952.2253

jack.davis@marcusmillichap.com

contact agent

    Contact Agent

    agent

    Joce Messinger

    First Vice President - Hospitality Division

    151 Meeting Street
    Suite 450
    Charleston, SC 29401

    843.696.5623

    joce.messinger@marcusmillichap.com

    contact agent

      Contact Agent

      agent

      Milin Mehta

      Associate - Hospitality Division

      201 S. Tryon St.
      Suite 1220
      Charlotte, NC 28202

      704.831.4631

      milin.mehta@marcusmillichap.com

      contact agent