Lodging Partners, LLC, a member of Hotel Brokers International, announces the sale of the Best Western Point South – Yemassee, South Carolina. The 108-guestroom hotel, located on I-95 near Ridgeland, South Carolina, has sold to a regional owner/operator of select-service hotels. Lodging Partners exclusively represented the seller on this transaction, with the marketing and negotiations led by Ford Barton, Principal of Lodging Partners, LLC.
The Hotel is well-located near Ridgeland, South Carolina, along the highly trafficked corridor of I-95 in Yemassee, South Carolina, with over 53,000 interstate motorists passing daily. The Hotel has convenient access to the Parris Marine Corps Academy, Palm Key, and many other key area attractions and features an indoor heated swimming pool and on-site restaurant and lounge. This opportunity offers operating efficiencies and significant upside after the buyer completes a major renovation.
“The Covid-19 pandemic with its accompanying restrictions on travel, presents unique challenges within our industry. Lodging Partners is well positioned to assist sellers in overcoming these challenges and close complex hotel transactions to achieve our clients’ desired results,” explained Ford Barton. “We have been very successful in closing deals despite the numerous challenges in the current environment during Covid-19,” continued Barton.
Other recent sales completed in 2020 by Lodging Partners include the Hampton Inn Selma/Smithfield I-95, Residence Inn – Durango, Colorado, and the Motel 6 – Jacksonville, North Carolina.
About Lodging Partners, LLC
Lodging Partners is a specialized hotel brokerage and advisory firm focused on the sale of select-service hospitality investment properties on behalf of institutional and private investors throughout the United States. In the past 7 years, Lodging Partners has had an advisory role on 106 hotel assets with over $470 Million in sales. The firm offers a wide range of hotel real estate services, including brokerage, valuation consulting, and strategic acquisition planning and has an unwavering commitment to client service. In addition to selling hotels, Lodging Partners also coordinates the sale and purchase of hotel notes, arranges preferred equity & recapitalization, and manages auctions through the Ten-X platform, where the firm recently sold 10 hotels. Lodging Partners may be accessed online at www.lodging-partners.com.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals, and investment services. For more information about HBI, HBI members and their hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
For more information contact:
Ford C. Barton, Principal
Lodging Partners, LLC
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri