CBRE Hotels Arranges Sale of the Inn at USC

Columbia, SC – November 14, 2018 – CBRE announces it represented University Foundations and IMIC Hotels in the sale of the 116-room Inn at USC, a Wyndham Garden Hotel in Columbia, SC. Located at 1619 Pendleton Street on the campus of University of South Carolina, the hotel was acquired by Adventurous Journeys (AJ) Capital Partners. Expected to remain open for the entirety of the repositioning process, the hotel will undergo a comprehensive renovation and ultimately become part of the Graduate Hotels® collection. This is Graduate Hotels’ first planned​​ hotel for the Carolinas.

Arpit Shah of CBRE Hotels’ Charlotte office and Martin Moore of CBRE’s Columbia office acted as exclusive agents for the sellers. According to Mr. Moore, “We are honored to have represented University Foundations and IMIC Hotels. IMIC Hotels and the Foundations developed and managed an excellent property. We believe AJ Capital, a highly-respected operator, is well-suited to be the steward of this storied Gamecock property for many years to come. Of course, the efforts of the late Russ Meekins in making the Inn a huge success will never be forgotten.”

CBRE Hotels is a specialized team within CBRE, providing advisory, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

About AJ Capital Partners
AJ Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets. The counter-culture investors acquire, design and develop transformative real estate throughout the United States. In fall 2014, AJ Capital Partners launched the Graduate Hotels® collection. AJ Capital Partners continues to grow its portfolio of lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information on AJ Capital Partners, please visit www.ajcpt.com​.