InnShopper > Inns for Sale > South Carolina > Latta > Historic AAA 4 Diamond Inn - Latta, SC

Historic AAA 4 Diamond Inn - Latta, SC


Latta, SC   Offered for sale at $1,399,000
 

Location, location, location are the three most important words in real estate. With that being said, Abingdon Manor is in the right place.

The first reason the location is important is that the Inn is exactly halfway between New York and Palm Beach. A Select Registry property and consistently awarded the Distinguished Four Diamond Award by AAA for both the Inn and Restaurant, it is the only high end lodging and dining experience in the entire region. It is the only such property with close proximity to Interstate I-95 between Richmond and Jacksonville making it the overnight destination for people traveling back and forth to their summer and winter homes and to vacation destinations. A significant portion of the Inn revenue is generated by this loyal, repeat clientele of upscale travelers.

The second reason location is important is the joint venture between the State of South Carolina, The SC Ports Authority and CSX Railroad which in April 2018 opened a $50 million Inland Port 3.5 miles from the Inn. This major economic development initiative will have a significant impact on the surrounding communities. According to U.S. Congressman Tom Rice, representing this district, the positive impact is already being felt with 1,100 jobs being attributed to this joint venture and is only the beginning. A sister port in Greer SC, in just 5 years is considered a major success. A study by the USC School of Business found that the Greer port operations have a $26.8 billion economic impact and support 94,500 jobs, the study said.

Abingdon Manor was chosen by the Ports Authorities for ground breaking and grand opening receptions for this new initiative introducing it to the many officials, vendors and businesses associated with the port who will utilize the Inn facilities. The Inn is positioned to reap the benefits of this economic growth over the next several years.

The third reason location matters is that the Inn is in scenic NE South Carolina which has a moderate climate with four distinct seasons. Latta is a quiet, safe and friendly turn of the century village with 84 National Register properties. It is minutes from the Florence Metro area and close to Myrtle Beach and the coastal beaches. Offering an unhurried, relaxed, environment, it is perfect for those desiring a less hectic lifestyle.

The Property:
Guests experience the grandeur of an opulent Greek revival building reminiscent of an English County Estate with an onsite award winning fine dining restaurant.

~ The 10,000 square foot brick structure has 7 oversized guest rooms with private baths and abundant common areas.
~ Three acres of landscaped grounds with mature gardens has an irrigation system and well.
~ All buildings are meticulously maintained and in exceptional condition.
~ Luxurious furnishings and appointments throughout the Inn convey with property.
~ Separate, private 750 sq ft. furnished owners cottage and 750 sq. ft. workshop and storage building.
~ Elegant 30 seat fine dining restaurant with two public bathrooms (currently open for dinner only).
~ Large commercial kitchen, office, service areas and staff bathroom facilities.

The Business:
This is a high dollar, low volume, easy to manage lodging and restaurant operation. The current average guest check is $440 and a well trained, loyal, long term staff provides full operation in owner’s absence. The owners are retiring after 22 years of successful operations.

~ Complete, up to date financial records dating back 22 years.
~ Business systems, reservations systems, operating procedures and methodologies in place and transferable.
~ Transferable liquor, beer and wine licenses.
~ Large wealthy repeat clientele with detailed records.
~ Significant opportunity for business expansion without additional capital infusion.
~ Exceptional reputation across all guest review platforms (Trip Advisor, Google, Yelp, Bedandbreakfast.com)

The Area:
~ Progressive, top rated



Property Details
  • 7 Guest Rooms
  • 7 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1905
  • Opened in 1995
  • Building is 10,000 SQFT
  • Lot is 3.13 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,399,000
Contact Information