NAI Charleston is pleased to announce that brokers Ed Sutton and Michael Branch represented both the buyer and the seller in the transaction of the Fairfield Inn & Suites in North Charleston. The property, located at 2600 Elms Center Road just off Highway 78, has three floors and 76 hotel rooms. Prabhuta Hospitality, LLC purchased the property from Elm Hotel Partners for $8 million.
“We have built an excellent hospitality network in the Lowcountry and were able to quickly match up a buyer and a seller for the Fairfield Marriott on Elms Road off Hwy 78 in North Charleston,” said Sutton. “We are not just hotel brokers; we are also owners of hospitality property and enjoy assisting clients with our keen knowledge of the Lowcountry hospitality market”.”
About NAI Charleston
NAI Charleston is a full-service commercial real estate firm whose industry experts have over a century of combined experience in the Charleston commercial real estate industry and over $1 billion in total transaction volume. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered together to found NAI Charleston as an independent franchise of NAI Global, one of the leading global commercial real estate firms, to strengthen their leadership and footprint in the Lowcountry. An owner-operated firm, NAI Charleston possesses a highly personal and unwavering commitment to excellence that can’t be duplicated. Local ownership and leadership, paired with global resources, enable them to offer clients unparalleled services. As a member of NAI Global, NAI Charleston has independent access to the largest, most powerful network of owner-operated commercial real estate firms in the world. Their affiliates comprise 6,000 professionals in 375 offices and 36 countries. Their brokerage, development, management, and consulting services are tailor-made to meet the specific needs of each assignment – from single transactions to coordinating the delivery of multiple services over broad geographic areas. http://www.naicharleston.com