For Auction

REO: Fairfield Inn & Suites Columbia, SC

320 Columbiana Drive,
Columbia, SC 29212
Represented by
Marcus & Millichap

Asset Snapshot

Real Estate
Asset Type
Hospitality
Property Type
1998
Year Built
4
Floor Count
1
Building Count
84
Number of Rooms
2.19 Acres
Land Area

Offering Summary

**First round of tours will be held on Monday, November 25th, by appointment only.  Please contact listing broker to schedule. Please do not visit the hotel unannounced or disturb staff or guests.

Investment Highlights

  • Lender-Owned (REO)
  • Anticipated to be Eligible for a Long-Term Marriott Agreement as a City Express Conversion
  • City Express PIP has been Ordered
  • Stable Competitive Set RevPAR
  • Proximate to University of South Carolina, Downtown Columbia, Fort Jackson Military Base, Prisma Health Baptist Parkridge Hospital, Lexington Medical Center, Shaw Industries Plant, and More


Offering Summary

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 RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

Due Diligence

Transaction Managers

Darlene Johnson
Marketplace

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 3981
Co: 3996

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Sold Subject To

This auction has ended. Interested in additional investment opportunities?

Investment Sales Brokers

McLean Hicklin
Marcus & Millichap
SC License: SC96287

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.