For Sale
$2,950,000

511 James L Taylor Road Ridgeland, SC 29936

65-unit hotel, prime I-95 location

Overview

Added:
Jan 28
Days on market:
88
This exceptional investment opportunity presents a 65-unit Baymont by Wyndham hotel situated directly on Interstate 95 in Ridgeland, South Carolina. Completely renovated in the first quarter of 2022, following a conversion from a SureStay by Best Western, this two-story, exterior corridor property boasts a prime location benefiting from high visibility and easy access for travelers. The hotel's strategic position along I-95 places it within convenient driving distance of major tourist destinations, including Savannah, Georgia, Hilton Head Island, and Charleston, South Carolina. These popular destinations attract a significant volume of tourists traveling the East Coast via I-95, a major artery extending from the US-Canada border to Miami, Florida. Furthermore, the property's proximity to Parris Island Marine Corps Base (26 miles) and Marine Corps Air Station Beaufort (24 miles) provides a consistent stream of clientele. With over 20,000 recruits annually training at Parris Island, and the supporting activities at the Air Station, this presents a reliable source of occupancy. The Savannah Hilton Head International Airport, offering flights from major airlines like United and Delta, is only 31 miles away, further enhancing the hotel's accessibility. The property features 22,000 square feet and is priced to sell at $45,385 per key. 2023 revenue totaled $644,746, and 2024 revenue is projected at $636,660. This represents a minimal to no transfer PIP situation. This is a rare opportunity to acquire a well-positioned, recently renovated hotel with strong revenue potential in a high-traffic area.

Highlights

  • 65-unit Baymont Wyndham hotel in Ridgeland, SC, fully renovated in 2022.
  • Prime I-95 location near Savannah, Hilton Head, and Charleston, attracting significant tourism.
  • Close proximity to Parris Island Marine Corps Recruit Depot and Marine Corps Air Station Beaufort.

Property Details for 511 James L Taylor Road

Property type
Hotels, Hospitality properties
Square Feet
22,000 SF
Price / Square Foot
$134.09
Year Built/Renovated
1997/2022
Buildings
1
Stories
2
Elevators
N/A
Units
65

Location Insight

City
Ridgeland
County
State
South Carolina

FAQs

What type of property is this?
Hotel - 65-unit hotel, prime I-95 location
Where is the hotel located?
The property is located at 511 James L Taylor Road Ridgeland, SC.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 65-unit Baymont Wyndham hotel in Ridgeland, SC, fully renovated in 2022.; Prime I-95 location near Savannah, Hilton Head, and Charleston, attracting significant tourism.; Close proximity to Parris Island Marine Corps Recruit Depot and Marine Corps Air Station Beaufort.
How can I contact the broker?
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511 James L Taylor Road
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