for sale
Red Roof Inn & City Inn
1811 W Lucas St | Florence, SC 29501
1621 N Cashua Dr | Florence, SC 29501
Investment Highlights
- 118 total units: 59 units in each building
- Two-story, exterior corridor
- Priced under $33k/key
- Absentee owned with operational upside
- Franchise opportunity for City Inn building
- Located off I-95 with 50,000 travelers per day and is a convenient stop for travelers heading to Myrtle Beach
- Near Darlington Raceway, Francis Marion University, GE Healthcare, Honda Manufacturing
Property Description
Kishan Gohel of NewGen Advisory is pleased to present the Red Roof Inn & City Inn – Florence, SC. These hotels are adjacent to each other making it ideal for a dual brand Red Roof Inn and HomeTowne Studios. Each building has 59 rooms making it a total of 118. There’s an opportunity for a hands on operator to increase revenue and cut expenses as current ownership lives out of state.
The Red Roof Inn & City Inn Florence are situated off Interstate 95 and State Route 52. The Florence area has multiple demand generators such as Darlington Raceway and Francis Marion University along with large manufacturing companies such as GE HealthCare and Honda.
Location Description
Florence, South Carolina—affectionately called the “Pearl of the Pee Dee”—draws visitors with a vibrant blend of arts, history, and Southern charm. A major draw is its revitalized downtown district, recognized as a Great American Main Street, where art lovers can explore public sculptures, murals, the Florence County Museum, the Florence Little Theatre, and the Francis Marion University Performing Arts Center. Culture shines in the community’s century-old theater scene, live symphony performances, and frequent festivals and concerts that enliven the streets.
Nature and culinary experiences also drive tourism. Outdoor enthusiasts explore the Revolutionary Rivers trail, Lynches River County Park, and Woods Bay State Natural Area, while food lovers enjoy the South Carolina Pecan Trail, one of the Southeast’s largest farmers markets, and a diverse dining scene ranging from classic barbecue to rooftop cocktails. Florence blends culture, nature, and flavor into a distinctly Southern getaway.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Kishan Gohel
Senior Vice President
AZ #SA684403000
(480) 766-6014
kishan.gohel@newgenadv.com
BROKER OF RECORD
Ronald Clyde Robbins
Cornerstone Commercial Associates, LLC
SC #70150