HREC Investment Advisors Arranges Sale of Former Sheraton
Friday April 25th, 2014 - 9:28AM FH
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CHARLESTON, SC—HREC Investment Advisors arranged the sale of the 289-room former Sheraton Charleston Airport Hotel here, which is operating on a temporary basis as an InnPlace Hotel.
SVP Monty Levy, VP Paul Sexton and COO/Senior Principal Scott Stephens, exclusively represented the seller, an affiliate of LNR Partners, LLC, in this transaction.
The Hotel is located within the Greater Charleston market. with proximity to major revenue generators and off-site amenities, as well to the Charleston International Airport, historic downtown Charleston and the surrounding beaches.
Tags: HREC Investment Advisors • Charleston SC • Hospitality • Brokers • Ownership •
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.