Springhill Suites Charleston

Location: North Charleston, SC
Type: Hospitality
Price: $ 10,500,000

SMC has provided a $10,500,000 first mortgage to refinance an existing bank loan. The Property is a 115-room limited service hotel located in North Charleston, SC approximately 15 miles northwest of the Charleston, SC CBD. The Property consists of a 3-story building, with breakfast area, fitness center, indoor swimming pool, and an onsite convenience store. The Property benefits by being located in a strong market. Charleston, SC has seen strong economic growth and performed exceptionally well in the recent downturn in terms of employment growth and population growth.