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301 Holiday Drive

Marcus & Millichap Arranges $12.9M Sale Of 95-Room AVID Hotel In Summerville SC
SOLDHotel

Marcus & Millichap Arranges $12.9M Sale Of 95-Room AVID Hotel In Summerville SC

301 Holiday Drive

$12,900,000

Building Size

Asset Type

Hotel

Closing

Apr 15, 2025

AI

301 Holiday Drive is a hotel property located in Summerville, SC, which recently sold for $12,900,000. The asset comprises 95 units, resulting in a price per unit of $135,789.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $12,900,000
  • Units: 95
  • Price Per Unit: $135,789
  • Date of Sale: 04/15/2025
  • Market: Summerville, SC

The transaction was facilitated by multiple brokers from Marcus & Millichap, including Allan Miller, Chase Dewese, Christopher Gomes, Jack Davis, Joce Messinger, Sam Gardner, and Skyler Cooper, who represented the sale of the AVID Summerville property, a 95-room hotel situated near Charleston, SC.

Players

Allan Miller

Marcus & Millichap

Broker

$162.9M

vol

51 deals

Broker

Summerville Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93