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.”

Editor's Choice Videos

Join the Discussion

The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service