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Starlight Stays

Closed
5342 Alex Harvin Hwy. Manning, SC 29102 Closes Jun 19, 2024
Starlight Stays
$0.22M raised$0.22M target

100% funded

Target IRR

18-22%

Equity Multiple

1.8-2.0x

Cash-on-Cash

13%

Hold Period

4-5 Years

Minimum

$50K

Target Raise

$219K

Overview

This opportunity is built around acquiring a hotel property with a clear path to value creation through physical improvements and operational repositioning. The business plan focuses on completing targeted renovations, improving the look and feel of the asset, upgrading the guest experience, and implementing stronger day-to-day management systems to drive more consistent performance. Alongside the remodel, the strategy includes tightening expense control, improving marketing and booking channels, and pushing occupancy and ADR toward a more stabilized level. From an investment standpoint, the thesis is straightforward: acquire the asset at a basis that leaves room for upside, improve the property through smart capital deployment, and increase net operating income through better execution. The goal is to create a stronger, more valuable hospitality asset that delivers attractive returns through cash flow growth, increased property value, and long-term optionality through refinance, hold, or future disposition. This project has already moved beyond the planning phase, with the acquisition completed and investor capital committed, showing both execution and confidence in the business plan.

Investment Terms

Min. Investment

$50,000

Hold Period

4-5 Years

Gallery

Project Timeline

Phase 1

Permitting & Setup

0-30 Days

Phase 2

Renovation

Month 1-3

Phase 3

Stabilization

Month 3-12

Phase 4

Exit / Refi

Refi Year 5

Financing Structure

Seller FinancingSeller Financing AvailableInterest Only

Down Payment

10%

Interest Rate

5%

Loan Term

5 Years

Balloon

Ballon Year 5

Key Highlights

  • Prime I-95 corridor location with immediate visibility and convenient access for both transient travelers and regional demand drivers.
  • Positioned directly near major industrial employment, creating a strong opportunity to capture workforce, contractor, and extended-stay demand.
  • Located in a town with ongoing growth momentum, supporting long-term upside in occupancy, room revenue, and overall asset value
  • Value-add hospitality play with the ability to improve performance through renovations, stronger branding, and tighter revenue management.
  • Operational upside through automation, including self-check-in, streamlined guest communication, and more efficient back-end management systems.

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Investment Risk Disclosure

All return figures shown — including projected, target, preferred, or estimated returns — are forward-looking and not guaranteed. Private real estate investments are illiquid and carry significant risks, including the potential loss of principal. Past performance does not guarantee future results. You should review all deal documents before making any funding decision and consult your financial, legal, and tax advisors.