Address: 1125 Fort Congaree Trail
City: Cayce
State: SC
ZIP: 29033
Rooms #: 63
Additional Features:
Mumford Company was pleased to represent an affiliate of Raines Co. in the recent sale of the Courtyard by Marriott in the Columbia suburb, Cayce, South Carolina. Raines Co., a multi-unit lodging and resort developer, owner, and operator, will continue to manage the property in a short-term arrangement. Steve Kirby and Ed James, Mumford Company Managing Principals, represented the Seller in the transaction.
The purchaser was an affiliate of Charlotte based ABC Investments and Management Co., Inc. ABC Investments is a multi-disciplined real estate developer, owner, and operator with primary focus in the lodging industry, with multiple assets in the Carolinas. The 2018 built structure was in excellent condition and purchasers plan cosmetic renovations for continued operations as a Courtyard by Marriott.
“We are pleased to see this project through its lifecycle from site acquisition and ground up development, to successful operations and then disposition. A big congratulations to the buyer and kudos to Mumford for the excellent guidance and service during this seamless transaction.” Grey Raines, Partner – Raines Co.
About Mumford Company:
Mumford Company was established in 1978 to provide top quality hotel brokerage services and has a team of brokerage professionals with broad experience in all aspects of lodging acquisitions, development, consulting and operations. They represent sellers of most major brands in markets throughout the country, and their diverse background allows them to have an awareness of key opportunities within the marketplace, so they can accurately position their client’s assets to maximize their investment results. The firm has an experienced sales team in regional offices across the country, including Newport News, Virginia; Atlanta, Georgia; Chicago, Illinois; Dallas, Texas, Washington DC, and Tampa, Florida. Their track record of success for buyers and sellers have made Mumford Company a leader for the last 41 years while upholding the values of the company from when it first began. For more information or to put the Mumford Company team to work for you, please contact Mumford at 757-873-0962, or by e-mail at sales@mumfordcompany.com.