Columbia’s hospitality market experienced steady growth in Q2 2024, according to a recent report from Colliers. With developments in the construction pipeline, here’s a look at the new hotel projects on the horizon and its expected completion:
- MOXY Columbia Downtown: 129 rooms (fall 2024)
- Homewood Suites by Hilton: 125 rooms (winter 2024)
- Tru by Hilton: 124 rooms (winter 2024)
- WoodSpring Suites Irmo: 122 rooms (summer 2025)
- SpringHill Suites Camden: 70 rooms (fall 2025)
These new additions, totaling 570 rooms, come at a time when city leaders have expressed the need for more downtown hotels. Columbia’s average occupancy rate of 66.4% is lower compared to Greenville’s 71.4% and Charleston’s 79.0%.
