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2625 Cherry Rd
Rock Hill, SC 29730
Quality Inn Rock Hill · Hospitality Property For Sale
·
29,021 SF

Property Facts
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 2625 CHERRY RD , ROCK HILL, SC 29730
Lodging Partners is pleased to offer the fee simple interest in the sale of the 93-room Quality Inn and Suites located on I-77 in Rock Hill, SC. Located just 18 miles south of Charlotte, the Hotel's location offers easy access to Charlotte Convention Center, Bank of America Stadium, and Charlotte Motor Speedway. The Hotel is located near several demand generators, including the Piedmont Medical Center, Winthrop University, Comporium, Atlas Copco, and many others. Historic Downtown Rock Hill is just three miles away and offers charming restaurants and stores. There are also numerous local attractions such as Carowinds Theme Park, Bojangles Coliseum, and Rock Hill Galleria. The Hotel is just a few minutes from Winthrop University, Lake Wylie, Charlotte Motor Speedway and the Manchester Meadows soccer complex. It is well located off of I-77 and is near several exciting sporting, shopping and entertainment options. The Property has guest amenities that include complimentary continental breakfast, wireless high-speed internet, a Business Center, two meeting rooms, bus & truck parking, and a seasonal outdoor pool. The Hotel also features an adjacent 11,000 SF on-site restaurant that provides $37,200 of leased income annually to the Hotel and is a guest amenity. The hotel is well maintained and in good condition after recently completing renovations. The Hotel also features over 2,000 square feet of contemporary meeting space that’s flexible enough to host a wide variety of events—from mid-sized banquets to exclusive board meetings. The Banquet Hall, the largest event venue with 1,708 SF, can host up to 190 people, and the 375 SF Boardroom can host up to 42 people. UPSIDE POTENTIAL This property offers significant upside potential with more hands-on management and direct sales efforts. The ideal buyer will be an owner-operator who focuses on sales and drives top-line revenue to increase the Hotel’s RevPAR index to market levels while revamping revenue management strategy and reducing unnecessary expenses to achieve a much stronger bottom-line flow-through. A new owner also has the opportunity to convert the 32-room building that is currently not open into an extended-stay property (i.e. Suburban Extended Stay) or to renovate these rooms and bring them online to generate additional cash flow.
Links
Property Taxes
| Parcel Number | 6620701018 | Improvements Assessment | $114,420 |
| Land Assessment | $113,520 | Total Assessment | $227,940 |
Property Taxes
Listing ID: 16982982
Date on Market: 8/21/2019
Last Updated:
Address: 2625 Cherry Rd, Rock Hill, SC 29730
