Connolly Investments, in accordance with ParaSell Inc, as the exclusive representative of ownership, is pleased to present to qualified purchasers the Baymont by Wyndham, a 60-key hotel located in Rock Hill, South Carolina - a thriving submarket within the high-growth Charlotte MSA, one of the fastest-expanding metropolitan regions in the Southeast.
Ideally positioned with excellent visibility and access to I-77, the property benefits from proximity to a diverse mix of corporate, retail, educational, and leisure demand drivers. This includes Winthrop University, Piedmont Medical Center, the fast-developing University Center district, numerous distribution and supply chain centers and Charlotte MSA as a whole.
The hotel recently underwent a comprehensive brand conversion from Motel 6, completing all required renovations to meet Baymont standards, resulting in a refreshed, turn-key product for incoming ownership. Minimal Cap-X is expected at change of ownership. Based on YTD performance, the asset is expected to generate $1.25 million in annual revenue this year.
Rock Hill is experiencing over $800M in recent and ongoing development, including $200M+ in mixed-use projects at University Center, $443M in industrial investments, and the $150M CrossRidge retail development, all of which will further drive regional traffic and hotel demand. With no immediate threats of new supply in the submarket and steady population growth, this offering presents an exceptional opportunity for both owner-operators and investors seeking a stabilized asset in a highly sought after corridor.
All property tours must be scheduled through the listing agents. Unscheduled visits are strictly prohibited.