FAIRFIELD INN & SUITES COLUMBIA-HARBISON

INVESTMENT OVERVIEW

AUCTION DATES: December 10-12, 2024

STARTING BID: $900,000

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Hunter Havericak Hotel Group of Marcus & Millichap, in conjunction with RealInsight Marketplace, has been exclusively retained to offer for sale by auction the fee simple interest in the 84-room Fairfield Inn located in Columbia, South Carolina. The hotel is currently owned by the lender who took title in December 2022. It is a four-story structure built in 1998 and located directly off Interstate 26. Fairfield Inn Columbia Northwest-Harbison is anticipated to convert to City Express by Marriott in the near future, providing the opportunity for a new owner to acquire a select-service hotel with potential to realize significant post-renovation RevPAR growth through hands-on management and continued utilization of the Marriott name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

• Lender-Owned (REO)
• Potentially Eligible for a Long-Term Marriott Agreement as a City Express
• Limited PIP Expected for Remainder of Term as a Fairfield Inn
• City Express PIP has been Ordered
• Stable Competitive Set RevPAR
• Proximate to University of South Carolina/Williams-Brice Stadium, Downtown Columbia, Fort Jackson Military Base, State Capital Government Offices, Lake Murray, Riverbanks Zoo & Botanical Gardens, Shaw Industries Plant, Michelin Manufacturing and More