Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Quality Inn at Carowinds, a 68-room hotel located in Fort Mill, S.C. The asset sold for $3,840,000.
“This was an opportunity to acquire a recently renovated asset in the Charlotte metropolitan area across the street from the Carowinds Amusement Park which recently underwent a major expansion,” says Robert S. Hunter, a senior associate in Marcus & Millichap’s Fort Lauderdale office. “The buyer will be able to capitalize on localized growth within a rapidly expanding top-25 market.”
Hunter along with David M. Greenberg, a first vice president investments also in the firm’s Fort Lauderdale office, represented the seller and buyer in the transaction. Raj M. Ravi is the firm’s South Carolina broker of record.
Quality Inn at Carowinds is a 68-room, limited-service lodging facility located in the Charlotte, N.C. MSA. The hotel is situated across the street from Paramount's Carowinds Amusement Park at Exit 90 of Interstate 77 and it is adjacent to the Lakemont Business Park. Uptown Charlotte, Pineville and Rock Hill S.C., the Charlotte-Douglas International Airport and Interstate 77 are also nearby.
The hotel is located at 3560 Lakemont Boulevard in Fort Mill, S.C.
About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
