A pair of downtown Columbia hotels have sold to an institutional buyer for an undisclosed price.
Hilton Garden Inn and Home2 Suites on Pickens Street have sold in a transaction facilitated by Mayank Patel, senior vice president of Hunter Hotel Advisors, who advised the seller, High Point, N.C.-based CN Hotels.
The buyer asked not to be identified, a Hunter representative told SC Biz News.
“We trusted Mayank and Hunter with this property, given our longstanding relationship and history of successful transactions,” Mitul Patel with CN Hotels said in a news release. “Once again, Mayank and the team provided us with exceptional results. We thank Mayank and Hunter for their continued dedication to their clients and the deal.”
The Hilton Garden Inn and Home2 Suites provide 223 rooms to downtown Columbia. The property, built in 2019, is near the University of South Carolina and the S.C. Statehouse and features amenities including an indoor pool, fitness center and onsite restaurant.
“We are very pleased by the completion of this transaction for our client,” Mayank Patel said in the release. “This premium development is further elevated by its strategic urban location in downtown Columbia which provides numerous leisure and corporate demand generators allowing the property to capitalize on sustained demand.”