MBA Hotel Brokers Completes Deal For Comfort Inn In Fort Mill, SC
Monday April 28th, 2014 - 3:47PM B
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FORT MILL, SC—MBA Hotel Brokers, Inc. has brokered the sale of the Comfort Inn Carowinds here for $3.3 million.
MBA, with a co-brokerage agreement with Hunter Realty Associates, Inc., exclusively represented the seller, which was a court appointed Trustee from True Blue Hospitality. The hotel, which was put in receivership by the lender in February 2013, was bought by Welcome Hotels of Fort Mill Inc. The four-story, 153-key property was built in 1986.
Charlie Fritsch, president of MBA Hotel Brokers, stated, "This transaction required extra effort by MBA Hotel Brokers due to the transitions with the receiver and then the trustee of bankruptcy court. We basically had to sell the hotel twice. Our marketing clearly created competition and drove maximum value for the asset."
Tags: HBA • Comfort inn • Fort Mill • Sc • Hospitality • Brands •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.