The Hotel is situated in the northwest quadrant of the I-26/Lake Murray Boulevard interchange, which is in the Harbison area of Columbia, close proximity to many shopping, dining, and entertainment options in the area. This acquisition offers an investor a great opportunity to purchase a high-quality asset with strong trailing cash flow and the Marriott brand affiliation at a significant discount to replacement cost. The Residence Inn is in great physical condition after recently completing over $1,400,000 in PIP-related capital expenditures that were just completed in April 2023. Now that the renovations are completed, the Hotel is budgeted to run 75% at $130 in 2024.