Two Hotels on Charleston’s Ashley River Sold


two soldAn Upstate hospitality company has strengthened its foothold along the lower Ashley River by acquiring two more Marriott-flagged properties in the area.

Greenville-based JHM Hotels said this week it has purchased the SpringHill Suites and the neighboring Residence Inn at Ripley Point, just across from the peninsula.

The sale prices were not immediately available. The two properties have a combined 242 guest suites.

The sellers were affiliates of Oxford Capital Group, which owned the Charleston hotels for a decade. The Chicago-based real estate investment firm bought them as part of its $70 million portfolio purchase of six Marriott lodgings in South Carolina and North Carolina in 2007.



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