Parag Patel Of Sree Hotels Acquires 130-Room Hyatt Place In Columbia For Expansion

The property asset involved in this transaction is the 130-room Hyatt Place Columbia/Downtown/The Vista located at 819 Gervais Street in Columbia, SC. The six-story hotel features amenities such as The Placery restaurant, a fitness center, an indoor pool, and meeting space. It is strategically positioned near the University of South Carolina and the downtown arts and entertainment district.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Address: 819 Gervais Street
• Market: Columbia, SC
• Keys: 130
• Buyer: Parag Patel
• Company: Sree Hotels

Sree Hotels, led by buyer Parag Patel, has expanded its presence in the Southeast through this acquisition. The newly acquired hotel is expected to enhance the company's portfolio and cater to the growing demand in the region.