Lodging Partners is pleased to announce it has arranged the sale of the Inn on the Square, a Boutique Hotel in Greenwood, SC. The Hotel has been acquired by an affiliated entity of Edgewater Group LLC (Edgewater) based in Naples, FL. Edgewater, a private equity group with a focus on upscale boutique hotels in secondary and tertiary locations, plans to reposition the Hotel to the Ascend Hotel Collection. This is the second hotel that Edgewater has purchased through Lodging Partners. The Boutique Hotel features a restaurant, bar, and meeting space. The Inn on the Square is conveniently located in the center of Greenwood shopping and dining district and is close to many corporate demand generators.
“Despite many complexities before closing this transaction, we are pleased to have received such strong interest in this asset for our client. High-quality assets continue to be in strong demand throughout the Southeast, and we are grateful for our deep connections to qualified buyers that led to the successful sale of this Boutique property,” noted Ford Barton.