{"id":1004069182,"date":"2013-03-20T08:36:58","date_gmt":"2013-03-20T16:36:58","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=111195"},"modified":"2025-02-18T05:25:57","modified_gmt":"2025-02-18T13:25:57","slug":"south-carolina-hotel-business-remains-strong-student-housing-market-slows-down","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/south-carolina-hotel-business-remains-strong-student-housing-market-slows-down\/","title":{"rendered":"South Carolina Hotel Business Remains Strong; Student Housing Market Slows Down"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

U.K.-based InterContinental Hotels Group PLC (IHG) recently announced the opening of the Holiday Inn Express Charleston Downtown\u2013Ashley River following a multimillion dollar conversion. The 153-key downtown Charleston property recently underwent extensive renovation that included replacing all fixtures, equipment and furniture. Some of the hotel\u2019s newest features include walkout balconies and granite countertops.<\/p>\n

The eight-story asset is located at 146 Lockwood Blvd. Onsite amenities include a fitness center, outdoor pool, 24-hour business center, circa 700 square feet of meeting space and high-speed Wi-Fi. The property, franchised by an IHG affiliate, is owned by Charleston OPCO LLC and managed by Charlestowne Hotels.<\/p>\n

Located next to the Ralph H. Johnson VA Medical Center and just two miles away from Charleston\u2019s historical district, Holiday Inn Express Charleston Downtown\u2013Ashley River is the second Holiday Inn-branded hotel to open in the city in 2013 following the Holiday Inn Historic Charleston Downtown, which opened in January.<\/p>\n

In other hospitality news, Paramount Lodging Advisors (PLA) announced brokering the\"\"<\/a> sale of the 92-key\u00a0Quality Inn and Suites in Spartanburg, S.C. The hotel advisory and brokerage firm represented seller LA3D LLC.<\/p>\n

Located at 160 Simuel Rd., the 1998-built property, originally a Fairfield Inn, was converted in 2011 to a Quality Inn and Suites property. \u00a0Amenities include a fitness center, outdoor pool, business center, meeting space and conference center.<\/p>\n

In other news, plans for the long-hyped 800-unit student housing projects slated to rise on the site of the old 320,000-square-foot Palmetto Compress warehouse have been scrapped. According to Student Housing Planet<\/em><\/a>, Edwards Communities Development Co. informed Columbia city officials of its withdrawal from the plan after the Columbia Design\/Development Review Commission denied the developer\u2019s application in late 2012, this followed by a lawsuit by preservationists trying to prevent the building from being razed.<\/p>\n

According to The State<\/em><\/a>, Columbia’s city government may now buy the historic property and redevelop it as either residential or mixed-use.<\/p>\n

Photo courtesy of <\/em>Paramount Lodging Advisors via PRWeb<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Great Britain-based InterContinental Hotels Group PLC (IHG), has recently announced the opening of Holiday Inn Express Charleston Downtown – Ashley River, following a multimillion dollar conversion.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004069182","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nSouth Carolina Hotel Business Remains Strong; Student Housing Market Slows Down - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/south-carolina-hotel-business-remains-strong-student-housing-market-slows-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Carolina Hotel Business Remains Strong; 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