Address: 613 Knox Abbott Drive
City: Columbia-Knox Abbot/Cayce
State: SC
ZIP: 29033
Rooms #: 109
Additional Features:
Mumford Company was pleased to once again represent Supertel Hospitality in the sale of the Masters Inn located at Knox Abbott Drive in Columbia, South Carolina to Columbia Hotel, LLC, a California based hotel investor. This is the 18th Masters Inn that Mumford has sold on behalf of Supertel over the past 4 years as part of a continuing repositioning program for the REIT. The purchasers have been actively acquiring select service assets in the eastern US and this is the 2nd property that they’ve acquired through Mumford in 2013.
David Mumford, Senior Principal of Mumford Company’s Newport News office along with Steve Kirby, Principal and Burton Brooks both of the firm’s Atlanta office assisted in negotiating the transaction on behalf of the Seller.
This 2 story exterior corridor hotel consists of 109 guest rooms, an outdoor pool, and breakfast room. Area demand generators include University of South Carolina, Downtown Columbia and Fort Jackson. The purchasers plan to convert the property to the Motel 6 brand post closing.
A proven leader in the field of hotel real estate brokerage, Mumford Company’s commitment to results-oriented customer service has yielded outstanding client results year after year. As a specialist in mid-market assets, Mumford Company has structured the sale of hundreds of hotels in the past five years alone, representing a wide array of owners and investors. For more information, please call (757) 873-0962.
