SREE Hotels, a hotel development and management company based in Charlotte, N.C., has announced the acquisition of the 189‐room Courtyard by Marriott Columbia Downtown at USC in Columbia, S.C. The new owners plan a $4-million renovation to upgrade the interior and exterior, as well as integrating the new Courtyard Refreshing Business Décor Package into the lobby area.
The purchase price was not disclosed.
“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, chief finance and development officer of SREE Hotels. “Having an existing presence in the market with our SpringHill Suites by Marriott Columbia Downtown/The Vista, will help us maximize the synergies between the two hotels, and enhance our partnership with the University of South Carolina and other area businesses.”
The hotel is located at 630 Assembly Street, adjacent to the University of South Carolina. The nine‐story hotel has an outdoor swimming pool, a fitness center and guest laundry, and offers three meeting rooms with a total of 5,000 square feet of space to accommodate functions of up to 300 people.