Tru by Hilton in Columbia sold to Georgia-based company

Listen to this article

The Tru by Hilton Harbison Columbia, located at 271 Columbiana Drive, has been sold.

Sycamore Investment Group sold the property for an undisclosed amount to APS Wheeler, according to a  news release.

Mayank Patel, senior vice president of Hunter Hotel Advisors, arranged the sale on behalf of Sycamore, the release said.

“We are pleased to announce this transaction on behalf of one of our long-standing clients,” Mayank Patel said in the release. “The True Harbison Columbia has exhibited tremendous RevPAR growth during the first half of 2023. As one of the newest Hilton products in the market, the Tru will continue to capitalize on its proximity to downtown Columbia, Fort Jackson and the University of South Carolina.”

Built in 2018, the 85-room hotel offers easy access to downtown Columbia, Lake Murray and the Columbia Metropolitan Convention Center.

“We have once again trusted Mayank and the Hunter team to execute another transaction for us as we continue to implement our selective disposition strategy,” said Aashay Patel, president of Sycamore Investment Group. “This sale will allow us to provide an attractive return to our investors and allocate capital to buildupon blutprint of developing premium hotel assets with exceptional growth potential.”

Built in 2018, the 85-room hotel offers easy access to downtown Columbia, Lake Murray and the Columbia Metropolitan Convention Center.