Marcus & Millichap negotiates 95-room, $12.9M sale of IHG-branded AVID Hotel in Summerville, South Carolina

4/15/2025

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REBusinessOnline

• Subcategory: Hospitality: Hotel

• Tag: Sale

• Additional Filters-Tags: Hospitality: Franchise

• Company: Marcus & Millichap (NYSE: MMI), IHG Hotels & Resorts (NYSE: IHG)

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.

IHG Hotels & Resorts (NYSE: IHG)

Jennifer Gribble | VP, Global Brands-Holiday Inn Express and Avid Hotels

[email protected]

770-604-2000