SREE Hotels Acquires Courtyard in Columbia, SC
Tuesday July 8th, 2014 - 9:23AM H
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COLUMBIA, SC—SREE Hotels, LLC, has acquired the 189-room Courtyard by Marriott Columbia Downtown at USC here.
SREE is planning a $4-million renovation to upgrade the interior and exterior, and will integrate the new Courtyard Refreshing Business Decor Package into the lobby area. The nine-story hotel features an outdoor swimming pool, fitness center and guest laundry, and offers three meeting rooms with a total of up to 5,000 sq. ft. of space.
"This presence of a premium brand in an urban location, close to the dynamic University, sports and government operations, makes this an ideal investment for us," stated Parag Patel, chief finance and development officer of SREE Hotels.
Tags: SREE Hotels • Courtyard • Columbia • Acquires • Hospitality • 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.