Marcus & Millichap Negotiates $12.9M Sale of AVID Hotel in Summerville, South Carolina

Marcus & Millichap Negotiates $12.9M Sale of AVID Hotel in Summerville, South Carolina

SUMMERVILLE, S.C. — Marcus & Millichap has negotiated the $12.9 million sale of AVID Summerville, a 95-room hotel located at 301 Holiday Drive in Summerville, roughly 23 miles from Charleston. The AVID hotel, which opened in 2021 off I-26, includes a 24-hour gym, 24-hour market with grab-and-go breakfast items and complimentary Wi-Fi. Jack Davis, Sam Gardner, Chase Dewese, Chris Gomes, Skyler Cooper, Joce Messinger and Allan Miller of Marcus & M…

New hotel in Summerville sells for nearly $13M - Charleston Business

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, handled the sale of a 95-room AVID hotel property in Summerville. The property sold for $12.9 million. “This sale demonstrates continued investor confidence in high-quality, limited-service assets, especially in strong-growth markets like Summerville,” said Jack Davis, senior vice president of investments for M…