Mar
11

Columbia CBD Hotel Sold

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Peachtree Hotel Group, an Atlanta-based hotel acquisition, management, development and ownership group, has acquired the nine-story, 189-room Courtyard Marriott in downtown Columbia.

The property will undergo an approximately $3.5 million renovation to include the new Courtyard “Refreshing Business” lobby and Bistro restaurant concept, as well as improvements to meeting spaces and guest rooms.

Peachtree, which has investments in more than 40 hotel assets, purchased the property on Assembly Street for an undisclosed sum following a bidding process. The transaction was arranged by Newmark Grubb Knight Frank Hotels on behalf of the seller, an affiliate of Fillmore Capital Partners LLC.

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