Marcus & Millichap Arranges Sale of 121-Room Tru by Hilton in North Charleston

CHARLESTON, S.C., Oct. 13, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tru by Hilton Charleston Ashley Phosphate, a 121-room hotel in North Charleston, South Carolina.

"Through our competitive marketing process, we procured multiple offers and ultimately uncovered an out-of-state 1031 exchange buyer with seller-favorable terms," said Jack Davis, senior managing director investments in Marcus & Millichap's Charleston office.

Davis, along with Marcus & Millichap's Chase Dewese, Joce Messinger and Brenden DeLuke represented the seller.

The hotel is at 2475 Prospect Drive. Built in 2020, the five-story, ADA-compliant property sits on a 2.77-acre parcel and includes amenities such as EV charging stations, an outdoor pool, and fitness and business centers. The property benefits from proximity to downtown Charleston, Charleston International Airport, Tanger Outlets and several Fortune 500 employers.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.