Hunter Hotel Advisors Arranges Sale of Charleston Hotel
- Feb 28, 2018
Condor Hospitality Trust Inc. has bought Home2 Suites, a 93-key hotel located in Summerville, S.C., for $16.3 million, from an affiliate of MDK Hospitality, which still manages the asset. Hunter Hotel Advisors represented the owner, Everest Hotel Group, in the transaction.
Located at 221 Holiday Drive, the property features several studios, suites and one-guestroom units. Other amenities include:
- business center
- meeting rooms
- 24-hour Pavillion Pantry Market
- coin laundry
- digital-key access
- fitness room
- indoor heated saline pool
- free Wi-Fi
- outdoor barbeque grills
“The Hunter team was able to run a discreet and efficient process that resulted in very attractive pricing in a transaction with an active buyer and a short closing time. The Hunter team led to an expedited closing in approximately two months after execution of the PSA,” said Mayank Patel, vice president of Hunter Hotel Advisors, in a prepared statement.
Situated in the heart of the tech-driven Summerville submarket, the property offers easy access to both U.S. Route 17 and Interstate 26. The Charleston International Airport is a 20-minute drive away.
Photo via Google Street View