La Quinta Inns & Suites | 1561 21st Ave N
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La Quinta Inns & Suites 1561 21st Ave N
128 Room Hotel Myrtle Beach, SC 29577 For Sale
Investment Highlights
- Opportunity to acquire a corporate-owned, 128-room, four-story, La Quinta Inns & Suites that is located in the heart of Myrtle Beach.
- This project presents potential for a owner operator to enhance its market share and operational performance in the coming years.
- The hotel will be delivered with no PIP required for the new ownership until January 2028.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the corporate-owned La Quinta Inns & Suites in Myrtle Beach, South Carolina. Located off US Highway 17 Bypass, the hotel is within minutes from the Broadway at the Beach,
the Pelicans Ballpark, the John T. Rhodes Myrtle Beach Sports Center, and several restaurants and recreation area. Thanks to its prime location, the 128-room hotel receives business from a diverse population of both sport and leisure segments.
the Pelicans Ballpark, the John T. Rhodes Myrtle Beach Sports Center, and several restaurants and recreation area. Thanks to its prime location, the 128-room hotel receives business from a diverse population of both sport and leisure segments.
Property Facts Under Contract
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1997/2016 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.53/1,000 SF |
| Lot Size | 2.91 AC | Corridor | Interior |
| Building Size | 70,512 SF | Opportunity Zone |
Yes
|
| No. Rooms | 128 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.91 AC |
| Building Size | 70,512 SF |
| No. Rooms | 128 |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2016 |
| Tenancy | Single |
| Parking Ratio | 2.53/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- Fitness Center
- Pool
- Room Service
- Shuttle Service
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $129.00 | - |
| Guest Room | 120 | $104.00 | - |
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PROPERTY TAXES
| Parcel Number | 42505020001 | Improvements Assessment | $293,067 |
| Land Assessment | $69,391 | Total Assessment | $362,458 |
PROPERTY TAXES
Parcel Number
42505020001
Land Assessment
$69,391
Improvements Assessment
$293,067
Total Assessment
$362,458
zoning
| Zoning Code | RC (Residential conservation district) |
| RC (Residential conservation district) |
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La Quinta Inns & Suites | 1561 21st Ave N
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