The Cypress Inn

Conway, South Carolina
acypressinn.com
Add to Favorites
Property Type
Bed & Breakfast / Inn
Guest Rooms
12
Baths
14
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,500,000

Occupancy Rate
39%
Average Daily Rate
$178
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

Overlooking the Waccamaw River, tucked away in the historic town of Conway, this luxury inn is near, but distinctly apart from, the golf mecca of Myrtle Beach. Located 2 blocks from the downtown area of historic Conway, the Inn is within walking distance of charming shops and restaurants.


Property Description

Main building has twelve guest rooms with private baths, two sitting rooms, large dining room, commercial kitchen, laundry room guest powder room, office, private bath, and work room that could be an owners' quarters. Annex building has a 20' x 40' banquet room, prep kitchen, 2 guest powder rooms, storage closets, massage room, and large storage room. There is also a 2,000 sq. ft. 2 bedroom / two bath apartment up stairs. There are two outside attached storage rooms. Inn is on 1/3 acre and has a lifetime easement for use of the 30 car parking lot.


Business Description

Business has been active since 1998 serving leisure and business travelers and was built as a bed and breakfast in 1997. We are the county seat for Horry County and the courthouse is across the street. We have lawyers, judges, witnesses, and others working at the courthouse. We also serve Coastal Carolina University students parents and others visiting the school. We serve breakfast to guests each morning and do quite a few weddings, parties, reunions, and other events in the banquet room.


Reason for Selling

My wife and I are in our 70's and would like to travel while we still can!


Terms & Asking Price

Cash, no owner financing.