Red Roof Inn North Charleston Coliseum
109-Room Hotel Offered at 9.3% CAP Rate and 3.67x RRM
Marketing description
Please contact Listing Agent for more Information:
Gabriel Shamay
954-895-6727
- $7,750,000 Pricing Guidance
- 109 Rooms; 1985-Construction
- +/- 2.48-Acre Parcel
- Offered at 9.3% CAP Rate and 3.67x Room Revenue Multiplier
- (Metrics Based on 2025 Financials and NOI is Inclusive of 4% Reserve for Replacements)
- Continued upward trend in revenue – Per May 2026 Monthly STR Report, the hotel showed a 3.8% increase in RevPAR through May 2026 YTD with no signs of slowing down.
- Highly financeable property
- Strong cash flow and financial performance make the property a strong candidate for financing through the SBA as well as conventional lending platforms.
- Favorable Zoning: B-2 – General Business District
- Flexible in-place zoning allows for multiple alternative uses
- Zoning allows for high-density multifamily development/conversion, capping out at a maximum potential density of 29 to 36 dwelling units per acre (71 – 89 units per existing lot size of +/- 2.48-acres). Buyer may be able to obtain variance depending on conversations with city of North Charleston.
- Room count, layout and proximity to employment generators make the property an ideal candidate for multifamily converters, as well as other alternative uses.
- Easily accessible location off I-26 & Ashley Phosphate, making the property a short-drive from all demand generators in Charleston area.
- Dense corridor with significant development growth & anticipated future population growth.
- North Charleston has an average annual population increase of 1.7% over the past 5 years, with future growth projected to reach 45% by 2040.
Investment highlights
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 109-room Red Roof Inn, located in Charleston, South Carolina. Strategically situated just off Interstate-26 and minutes from Charleston International Airport, the property benefits from excellent accessibility and a diverse mix of demand generators, including business, leisure, government, military, healthcare, and group travel. Its proximity to the North Charleston Coliseum & Performing Arts Center, Charleston Area Convention Center, Joint Base Charleston, Boeing’s expansive manufacturing campus, and numerous retail and dining destinations supports consistent year-round occupancy. Additionally, with Charleston’s continued population growth, expanding tourism sector, and increasing corporate presence in the North Charleston submarket, the asset is well-positioned for revenue growth and operational upside. The Red Roof inn North Charleston Coliseum offers investors the opportunity to acquire a 109-room property in a growing market with upside potential.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
