FAIRFIELD INN & SUITES ANDERSON CLEMSON

INVESTMENT OVERVIEW

Hunter | Havericak | Altman Hotel Group has been exclusively retained to offer for sale the fee simple interest in the 78-room Fairfield Inn & Suites Anderson Clemson located in Anderson, South Carolina. The Fairfield Inn & Suites is a 3-story Generation-3 prototype built in 2001. It is positioned near Interstate 85, providing ease of access for commerce and tourism. Current ownership purchased in 2005 and has been committed to meticulous maintenance and the hotel has seen consistent performance. Fairfield Inn & Suites Anderson Clemson provides the opportunity for a new owner to acquire a hotel rapidly recovering from the COVID-19 pandemic below replacement cost with a historically consistent business in a dynamic and diverse market driven by a mix of corporate, leisure and SMERF demand segments.

INVESTMENT HIGHLIGHTS

• Now Expected to be Delivered Free-and-Clear of Existing CMBS Loan Debt
• Renovated to Marriott Standards in 2016/2017, Including IT and Guest Entertainment Standards and the Fitness Center Expansion
• The Estimated Property Improvement Plan for a New Owner is Expected to Cost Approximately $1,100,000 or $14,103 per Room and is Scheduled to be Completed in the 2nd Quarter of 2023; However, the Property is Expected to Qualify for Marriott’s TRIP PIP Extension Program, Which Could Provide up to Three, 1-Year PIP Extensions Assuming the Prior Year’s GSS Scores Reach the Minimum Threshold to Qualify
• Property is Located Less Than 30 Miles SW of Greenville, SC on Interstate 85
• Upstate South Carolina is Commonly Understood to be Very Business-Friendly and Considered One of the Fastest Growing Metro Areas in the Southeastern U.S.
• Walking Distance to Many Sit-Down Restaurants and Other Quick Service Options