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Quality Inn - Sumter, SC | 124 Keys | 2.75x

2390 Broad Street
Sumter, SC 29150
PRICE : $4,200,000
PROPERTY TYPE: Hospitality
SITE SIZE: 5.50 Acres
BUILDING SIZE: 68,000 SF
YEAR BUILT: 1982

Highlights

  • Value-add or conversion opportunity
  • Offered at $33,870/key
  • Offered at 2.75 RRM - Annualized October YTD
  • Upside potential for new management
  • Close proximity to major demand generators
  • Continually growing manufacturing industry
  • 3,000 SF full restaurant and bar on premises
  • 2,200 SF of meeting space
  • Amenities include a pool, gym, laundry facility and breakfast buffet

Description

Bull Realty is pleased to exclusively offer the opportunity to acquire the Quality Inn in Sumter, South Carolina. This property is a perfect value-add opportunity for renovation and hands-on asset management.

Shaw Air Force, Sumter Mall and Swan Lake Iris Gardens are located just minutes from the subject property. Many other manufacturing plants and recreational facilities are in close proximity to the subject property that encourage guest occupancy.

The property is also equipped with a full restaurant and bar that can be operated by new ownership or leased out for additional income. The owner has a PIP from Choice that will be approximately $400,000 . The owner also has a PIP for a conversion to Suburban Extended Stay with additional conversion opportunities available in the market.

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