128-ROOM INNPLACE SUITES SELLS IN COLUMBIA, S.C.

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COLUMBIA, S.C. — North Carolina-based Suite Development has acquired InnPlace Suites in Columbia for an undisclosed price. The two-story, 128-room hotel offers wireless high-speed Internet access, microwaves, refrigerators, coffee makers, irons, ironing boards, hair dryers, premium cable television, a seasonal outdoor pool and a fitness center. The buyer plans to renovate the property and reposition the hotel with Affordable Suites of America. Hodges Ward Elliott's Select Service Division represented the seller, ING Clarion Partners, in the all-cash transaction.

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