115 Winningham Rd
Saint George, SC 29477

Property Description Two-story Hotel includes 59 suites, outdoor pool, breakfast area, high-speed internet, and public restrooms. The Hotel has 30 parking spots and 19,166 SF of gross building area on 2.07 acres of land. Condition The Hotel can be purchased pre-renovation, during renovation, or at completion. Please contact us for further explanation. Branding Other branding options are available. Please contact us for further details. Upside Potential The Hotel has achieved a 5-star rating on Value while receiving a 3 of 5 star rating overall. Additionally, the Hotel is currently ranked #5 of 9 hotels in Saint George in 2019 by TripAdvisor. The operator has the opportunity to raise the rankings of the hotel through more hands-on management. The Property is currently managed by a bank. Fee Simple and Full Unencumbered The Property is offered free and clear of existing financing and management contracts, as well as fee simple, offering maximum optionality to a new investor. MARKET HIGHLIGHTS Excellent Location The Signature Inn is located off the of Interstate-95, between Augusta, SC and Charleston, SC. Interstate-95 is the main Interstate Highway on the East Coast of the United States, running from U.S. Route 1 in Miami, Florida to the Houlton-Woodstock Border Crossing with New Brunswick, Canada. The Hotel is located just 47.2 miles from Charleston International Airport (enplanements have been increasing at a rate of over 6% per year since 2014 – enplanements in 2018 were 2,096,750). Additionally, Signature Inn is located only 7.3 miles from St. George Airport which will soon accommodate regional jet aircraft, 737s and Airbus 319s. Demand Generators Dorchester County is served by two major healthcare systems, The Trident and Roper St. Francis Healthcare Systems. The Medical University of South Carolina and the MUSC Children’s Hospital also serve the community with over 1 million patient encounters a year. With over eighty companies, industry in Dorchester County consists of automotive, marine, aerospace, bioscience, and distribution. Boeing is an emerging industry because of their presence in nearby Charleston and their ball screw suppliers in Dorchester County. Historical sites, parks, theater, and music offer culture in a small town atmosphere in Dorchester County. For the music and art lovers, the Flowertown Players and the Summerville Community Orchestra provides audiences theatrical performances from Grease and Rent to musical performances worthy of the Piccolo Spoleto Festival. Travelers on I-95 are also a major demand generator. Strong Growth Dorchester County is the 8th fastest growing county in South Carolina with a retail market of over 136,000 people. It offers a low cost of living as well as low operating costs in a well-developed transportation network which includes air, rail, interstates, and the Port of Charleston. Workforce growth rates have averaged 1.9% per year since 2015, and the civilian labor force exceeding 70,000 people provides a steady labor pool from which to choose to help meet the needs of Dorchester County’s vibrant business community. No New Supply There is no known new competitive supply currently under construction in the St. George market.