Baymont Inn & Suites Florence 1826 W Lucas St

Meet Florence County’s growing tourist demand with the acquisition of the Baymont Inn & Suites Florence at 1826 W Lucas Street in Florence, South Carolina. Providing a 112-key, Wyndham-branded hotel, this income-producing investment also offers substantial growth potential. The hotel currently underperforms the submarket in average daily rate (ADR) and revenue per available room (RevPAR), allowing a new owner to seize a significant operational upside to introduce a more hands-on management strategy.

The Baymont Inn & Suites Florence comprises 40,376 square feet across two stories with numerous features that enhance guests’ stay. The pet-friendly hotel welcomes guests with a large porte cochere and a bright lobby with recessed lighting and comfortable seating. Meeting the needs of today’s travelers, the hotel offers complimentary high-speed Wi-Fi and hot breakfast, as well as access to a fitness center, a business center with a meeting room, and a seasonal outdoor pool. There is also a great selection of national chain restaurants within a five-minute drive, including Wendy’s, Ruby Tuesday, Cracker Barrel, McDonald’s, Subway, Dunkin’, Zaxby’s, and Jersey Mike’s Subs.

Sitting directly off the interchange of Interstate 95 and Highway 52, the Baymont Inn & Suites Florence is the perfect home base for leisure and business travelers visiting Florence County. The nearby Florence Center is the area’s main venue for concerts, trade shows, religious events, and more, with 10,000 seats. Avid shoppers will appreciate the hotel’s convenient proximity to the Magnolia Mall, providing 66 retail locations, anchored by Belk, Best Buy, Burlington, and Dick’s Sporting Goods. Those looking for a more relaxing or inspiring visit can discover the area’s history at the Florence Museum, play a round of golf at the Country Club of South Carolina, or follow in the path of Revolutionary War hero Francis Marion while kayaking the SC Revolutionary Rivers Trail. As a vital healthcare hub, Florence is home to the County’s largest employers, McLeod Regional Medical Center and GE HealthCare, both reachable in 10 minutes from the hotel. This positions the hotel to perfectly accommodate business travelers visiting for interviews and meetings, as well as the families of local patients.

Florence County is a popular travel destination that has seen growing tourist interest in recent years. More than 1.5 million visitors traveled to the County in 2023, delivering spending that exceeded $1.17 billion. The area also provides a strong pipeline of qualified employees, with more than 12% of the workforce within five miles of the property employed in the leisure and hospitality industries.

Create incredible value with the acquisition of a value-add, major flag hotel with substantial operational upside and a prime location near Florence County’s top destinations at the Baymont Inn & Suites Florence.
Property is listed by Bob Mackay | SC Broker License Number: 112598