Lodging Partners, LLC, a member of Hotel Brokers International, announces the sale of the Best Western Point South – Yemassee, South Carolina. The 108-guestroom hotel, located on I-95 near Ridgeland, South Carolina, has sold to a regional owner/operator of select-service hotels. Lodging Partners exclusively represented the seller on this transaction, with the marketing and negotiations led by Ford Barton, Principal of Lodging Partners, LLC.
The Hotel is well-located near Ridgeland, South Carolina, along the highly trafficked corridor of I-95 in Yemassee, South Carolina, with over 53,000 interstate motorists passing daily. The Hotel has convenient access to the Parris Marine Corps Academy, Palm Key, and many other key area attractions and features an indoor heated swimming pool and on-site restaurant and lounge. This opportunity offers operating efficiencies and significant upside after the buyer completes a major renovation.
“The Covid-19 pandemic, with its accompanying restrictions on travel, presents unique challenges within our industry. Lodging Partners is well-positioned to assist sellers in overcoming these challenges and close complex hotel transactions to achieve our clients’ desired results,” explained Ford Barton. “We have been very successful in closing deals despite the numerous challenges in the current environment during Covid-19,” continued Barton.
Other recent sales completed in 2020 by Lodging Partners include the Hampton Inn Selma/Smithfield I-95, Residence Inn – Durango, Colorado, and the Motel 6 – Jacksonville, North Carolina.