Super 8 by Wyndham Spartanburg/I-26 Exit 22 | 488 S Blackstock Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Super 8 by Wyndham Spartanburg/I-26 Exit 22 488 S Blackstock Rd
60 Room Hotel Spartanburg, SC 29301 $4,200,000 ($70,000/Room)
Investment Highlights
- Offering includes a well-established 60-key Super 8 hotel in Spartanburg, SC, with fee-simple real estate and no debt or management contracts.
- The Super 8 in Spartanburg is a stabilized asset, ensuring consistent revenue and steady cash flow for investors.
- High visibility and accessibility, benefiting from significant daily traffic counts on I-65, S Blackstock Rd, and Redville Rd, totaling 165,408 VPD.
- The property benefits from a strong brand presence in addition to an advantageous location within a high-growth market and a tax-friendly state
- Positioned well within its competitive set, this property ranked 2nd out of 7 for RevPAR in 2023, according to STR data.
- Favorable access to high-traffic retail and food options further enhances the hotel's appeal to both transient and leisure guests.
Executive Summary
Connolly Investments, as the exclusive representative of the seller, is pleased to present to qualified purchasers the Super 8, located at 488 S Blackstock Rd, Spartanburg, SC. This three-story, interior corridor, limited-service hotel is strategically positioned in the vibrant town of Spartanburg, SC, and is stabilized with opportunities for re-flagging or expense optimization. The property is offered with fee-simple interest, unencumbered by management contracts and debt.
The Super 8 is strategically positioned in a high-traffic area within Spartanburg, benefiting from an ideal location near major thoroughfares and local attractions. The hotel occupies a prime site with convenient and direct access to key highways, including I-85 and I-26, ensuring a steady stream of business and leisure travelers.
Acquired by ownership in 2021, the hotel has undergone renovations and is fully operational. The current franchise agreement extends for another 10 years and is transferable upon change of ownership. In 2023, this Super 8 ranked favorably among its competitive set, securing the 2nd position out of 7 properties, demonstrating its strong market presence, brand recognition and operational efficiency.
The property’s interior corridor design enhances security and guest experience while contributing to minimal maintenance expenses. This design, combined with the recent renovations, ensures that ongoing operational costs remain low, providing a stable and profitable investment. Additionally, there are minimal expected PIP (Property Improvement Plan) requirements, further reducing potential expenses for a new owner.
Spartanburg is a thriving city known for its vibrant economy, cultural attractions, and business-friendly environment. The city's growth and development, including a 5.7% increase in population since 2010 and ongoing commercial expansion, contribute to the hotel’s ongoing success and appeal to both business and leisure travelers.
*Please do not disturb the employees and customers. All site visits and tours must be pre-scheduled*
In Association with Scott Reid & ParaSell, Inc. A Licensed South Carolina Broker #23763
The Super 8 is strategically positioned in a high-traffic area within Spartanburg, benefiting from an ideal location near major thoroughfares and local attractions. The hotel occupies a prime site with convenient and direct access to key highways, including I-85 and I-26, ensuring a steady stream of business and leisure travelers.
Acquired by ownership in 2021, the hotel has undergone renovations and is fully operational. The current franchise agreement extends for another 10 years and is transferable upon change of ownership. In 2023, this Super 8 ranked favorably among its competitive set, securing the 2nd position out of 7 properties, demonstrating its strong market presence, brand recognition and operational efficiency.
The property’s interior corridor design enhances security and guest experience while contributing to minimal maintenance expenses. This design, combined with the recent renovations, ensures that ongoing operational costs remain low, providing a stable and profitable investment. Additionally, there are minimal expected PIP (Property Improvement Plan) requirements, further reducing potential expenses for a new owner.
Spartanburg is a thriving city known for its vibrant economy, cultural attractions, and business-friendly environment. The city's growth and development, including a 5.7% increase in population since 2010 and ongoing commercial expansion, contribute to the hotel’s ongoing success and appeal to both business and leisure travelers.
*Please do not disturb the employees and customers. All site visits and tours must be pre-scheduled*
In Association with Scott Reid & ParaSell, Inc. A Licensed South Carolina Broker #23763
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $4,200,000 | Building Size | 29,728 SF |
| Price Per Room | $70,000 | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1998/2004 |
| Property Subtype | Hotel | Parking Ratio | 1.95/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.96 AC |
| Price | $4,200,000 |
| Price Per Room | $70,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 29,728 SF |
| No. Rooms | 60 |
| No. Stories | 2 |
| Year Built/Renovated | 1998/2004 |
| Parking Ratio | 1.95/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 60 | $90.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 6-20-16-053.00 | Improvements Assessment | $108,702 |
| Land Assessment | $18,342 | Total Assessment | $127,044 |
PROPERTY TAXES
Parcel Number
6-20-16-053.00
Land Assessment
$18,342
Improvements Assessment
$108,702
Total Assessment
$127,044
zoning
| Zoning Code | C-1 |
| C-1 |
Learn More About Investing in Hospitality Properties
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Super 8 by Wyndham Spartanburg/I-26 Exit 22 | 488 S Blackstock Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.