Hyatt Place Charleston Airport

Location: North Charleston, SC
Type: Hospitality
Price: $ 12,300,000

SMC has provided a $12,300,000 first mortgage Loan to refinance existing debt on the Property, with approximately $3,000,000 of equity returned to the Sponsor. The Subject was developed by the Sponsor, and opened in March 2010. The Subject has quickly stabilized, and is outperforming its competitive set.