Updated Aug 13, 2026
Parag Patel Of Sree Hotels Acquires 130-Room Hyatt Place In Columbia For Expansion
819 Gervais Street
Building Size
—
Asset Type
Hotel
Closing
Aug 13, 2026
About this deal
AI
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.
Players
Gervais Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse South Carolina hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93