Hunter sells two S.C. hotels on behalf of Stabilis Capital

Hunter Hotel Advisors represented the New York City-based investment firm Stabilis Capital Management in the $10.3 million sale of two South Carolina hotels: the 85-room Country Inn and Suites, in Summerville, S.C., and the 81-room Country Inn and Suites, in Orangeburg, S.C.

The Carlson-branded hotels were purchased by KMI Management, a hotel management, development and consulting company based in Laramie, Wy.  “Both hotels represent younger assets in a strong hospitality market, with close proximity to growing Charleston, S.C.,” said David Perrin, VP of Hunter Hotel Advisors. “The prime location combined with the growing popularity of the Country Inns & Suites brand made these purchases an attractive investment.”

The new owners have plans to convert the properties to the new Carlson prototype which is part of the brand’s aggressive growth plan to design Country Inns & Suites to work equally in urban and suburban locations.  

Stabilis is an investment adviser that specializes in, among other things, the purchase of distressed hotel loans from banks, as well as providing rescue financing and DPO financing to borrowers with distressed loans.
 

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