Sep
19

TownePlace Suites in Greenville Sold

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Urbana Varro, LLC, has acquired the 95-suite TownePlace Suites in Greenville, SC. Conveniently located near the super-regional Haywood Mall, the largest in the state with more than 1.3 million square feet of retail space, this extended-stay hotel targets extended-stay, corporate, group and leisure business.

Urbana Varro, LLC is a venture between Urbana Realty Holdings, LLC, an Atlanta-based commercial real estate investment, development and management company, and Varro Hospitality, LLC, a Dallas-based hotel investment and management company. The purpose of the venture is to acquire risk-adjusted investment opportunities on behalf of the Fund.

The TownePlace Suite will undergo substantial renovations in order to remain at the top of its competitive class in the market. Facilities for providing complimentary hot breakfast and meeting space, as well as improvements in the exercise room, patio and public space will be added.

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    Categories : Greenville

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