TownePlace Suites by Marriott

Columbia Northwest/Harbison, SC

THE OPPORTUNITY

On behalf of the owner, Lodging Partners is conducting a highly confidential and private sale of TownePlace Suites by Marriott Columbia Northwest/Harbison.

Key Facts

99-units, four-story, Gen-4, opened December 2015
The TownePlace Suites is in great physical condition after recently completing over $1,100,000 in PIP-related capital expenditures that will be completed in April 2024

Located at 438 Columbia Drive in Columbia, just across the street from the Prisma Health Baptist Hospital
The Hotel is highly rated in “Trip Advisor”
The Hotel is very well maintained and in Good Condition

LOCATION

TownePlace Suites by Marriott

Restaurants

Demand generators

INVESTMENT HIGHLIGHTS

The Property is easily accessible with excellent visibility from Interstate 26 and is 10 miles from downtown Columbia and the University of South Carolina and 14 miles from the Columbia Metropolitan Airport. The Property is a four-story, interior corridor hotel with a breakfast area, guest laundry facilities, a fitness center, outdoor pool, Bar-B-Q/picnic area, and car rental agencies nearby.

Guestrooms include a fully equipped kitchen with a dishwasher, microwave oven, conventional oven, stove, refrigerator, and dining area.

The Hotel has an optimal location across the street from the Prisma Health Baptist Hospital and within walking distance to numerous restaurants that include Miyabi Japanese Steakhouse, Rioz Brazilian Steakhouse, and Carrabba’s Italian Grill.

Additional dining, shopping, and entertainment options with unique and sophisticated offerings are within a few miles of the Hotel.

Economy

Local businesses near the Property includes Prisma Health, BlueCross BlueShield of South Carolina, Fort Jackson, the Richland School District, and others.
Columbia, South Carolina, is home to more than 70 foreign affiliated companies and fourteen Fortune 500 companies in the region.
Columbia has a diverse and stable economy based in local and state government, manufacturing, and services, as well as the Fort Jackson military base.
The city relies on its technology infrastructure, active entrepreneurial community, major research university, and diverse quality of life to attract new business.

Tourism

The Hotel is near local tourist attractions such as the Columbiana Centre Mall, Lake Murray, the Harbison Shopping District, the Riverbanks Zoo and Garden, Frankie’s Fun Park, River Center at Saluda Shoals Park, South Carolina State Museum, Williams Brice Stadium, and the South Carolina State Capitol.
Riverbanks Zoo and garden is a 170 -acre zoo, aquarium, and botanical garden. Ranked 4th Best zoo in the US.