Charlotte company acquires downtown Columbia Courtyard by Marriott
07/08/2014 12:39 PM
07/08/2014 12:41 PM
A Charlotte-based hotel development and management company said Tuesday it acquired the 189-room Courtyard by Marriott hotel in downtown Columbia adjacent to the core of the USC campus.
SREE Hotels did not announce how much it paid for the nine-story hotel located at the iconic site at 630 Assembly St. – across from the Carolina Coliseum – but the company, which also owns the SpringHill Suites by Marriott Columbia Downtown/The Vista, said it would spend $4 million to renovate the hotel, including upgrades to the interior and exterior.
“This presence of a premium brand in an urban location, close to the dynamic university, sports, and government operations, makes this an ideal investment opportunity for us,” said Parag Patel, SREE Hotels chief finance and development officer, in a statement. “Having an existing presence in the market ... will help us maximize the synergies between the two hotels, and enhance our partnership with the University of South Carolina and other area businesses.”
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