For Sale
$2,950,000

511 James L Taylor RdRidgeland, SC 29936

65-Unit Hotel, Prime I-95 Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 65-unit Baymont by Wyndham hotel presents a lucrative investment opportunity. Situated directly on Interstate 95 in Ridgeland, South Carolina, this two-story, 22,000 square foot property enjoys high visibility and convenient access to major tourist destinations, including Savannah, Georgia (30 miles south), Hilton Head Island, and Charleston, South Carolina. Completely renovated in the first quarter of 2022, following a full conversion from a SureStay by Best Western, the hotel boasts updated guest rooms and minimal to no transfer PIP requirements. Built in 1997, the property features exterior corridors and offers a strong revenue stream, generating $719,342 in revenue during 2023. The asking price is $2,950,000, representing an attractive price per key of $45,385. This well-positioned hotel offers significant potential for continued growth and profitability in a thriving tourism market. The property's location on I-95 ensures high traffic visibility and easy access for travelers. This is a turnkey operation ready for a new owner to step in and capitalize on its established success.

Highlights

  • 65-unit, two-story apartment building with exterior corridors.
  • Minimal property improvement plan (PIP) required at closing.
  • 2023 gross revenue: $719,342.
  • Asking price: $45,385 per unit.
  • Strategically located on I-95, 30 miles north of Savannah.

Property Details for 511 James L Taylor Rd

Property type
Hospitality properties, Motels
Square Feet
22,000 SF
Year Built
1997
Stories
2

Location Insight

City
Ridgeland
County
Jasper
State
South Carolina
Latitude
32.480592343051
Longitude
-80.971158634168
511 James L Taylor Rd, Ridgeland, South Carolina

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511 James L Taylor Rd
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