5170 International BlvdCharleston, SC 29418
Proposed WaterWalk Charleston
Asset ClassHotel & Hospitality
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the proposed turn-key 137-unit WaterWalk by Wyndham Charleston upon completion OR the pad-ready site with WaterWalk by Wyndham approval (“Hotel”, “Property”, or “Asset”), The Property is located at 5170 International Blvd., North Charleston, SC 29418.
Overview
This Asset is a unique extended stay model, part of the nation’s first corporate housing franchise system. With the STAY and LIVE portions, guests can choose to LIVE on-property or STAY there on a nightly basis, either furnished or un-furnished. WaterWalk by Wyndham as a brand is growing at a rapid pace. WaterWalk by Wyndham’s current portfolio consists of 11 hotels throughout the U.S. The brand's Gen 2 and Gen 3 prototypes combine efficient design and low operating costs to help unlock stronger profits and higher returns.
Investment Highlights
- Seller will develop and at CO convey the Property to the buyer OR sell the pad-ready site for the development of a WaterWalk by Wyndham. Scenarios are negotiable.
- Diverse Customer Pool – Leisure, Corporate, Workforce Housing, Residents, and more.
- Adjacent to major demand generators including Boeing (6,465 employees), Joint Base Charleston (22,000 employees), and the Charleston International Airport (busiest airport in the state).
- In 2023, the Charleston-North Charleston metro area had a 6.1% increase in nonfarm employment and in 2024, the Charleston County Economic Development (CCED) facilitated 1,029 new jobs.
- Boeing's $1 billion investment in Charleston County in 2024 was the largest single investment in the region's history. The project will expand the North Charleston campuses and generate 500 additional jobs. This is expected to reach completion in 2026.
- In 2023, Charleston International Airport broke its all-time passenger record with 6.1M passengers.
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5170 International BlvdCharleston, SC 29418
Sales Team
Listing provided by Revere CRE