On behalf of the owner, Lodging Partners is conducting a highly confidential and private sale of Residence Inn by Marriott Columbia Northwest/Harbison. The Hotel is situated in the northwest quadrant of the I-26/Lake Murray Boulevard interchange, which is in the Harbison area of Columbia, close proximity to many shopping, dining, and entertainment options in the area.
This acquisition offers an investor a great opportunity to purchase a high quality asset with strong trailing cash flow and the Marriott brand affiliation at a significant discount to replacement cost. The Residence Inn is in great physical condition after recently completing over $1,200,000 in PIP-related capital expenditures in April 2023. The Hotel is offered free and clear of debt and unencumbered by management, so a new owner will be well positioned to capitalize on this market’s continued strong economic growth and broad corporate and leisure demand.
The hotel itself is a four-story building with 100 guest rooms with spacious studio, one- and two-bedroom suites with separate living and sleeping areas, and each with a fully equipped kitchen. The rooms are designed to provide a comfortable and relaxing atmosphere, with modern furnishings and amenities.
The hotel features a variety of on-site facilities and services, including a fitness center, outdoor pool, hot tub, and a complimentary breakfast buffet. There is also a grocery shopping service available, as well as a social hour with free drinks and snacks on select nights. The Residence Inn by Marriott Columbia Northwest/Harbison offers a convenient and comfortable stay for both business and leisure travelers visiting Columbia, South Carolina.