The company has also originated a new first lien construction loan totaling $15.3 million to finance the development of a Hampton Inn & Suites in Shenandoah, TX. will also operate the property’s rooftop lounge, drawing on significant experience in food and beverage operations to create a space that serves both as an amenity to guests and locals.Īndrew Healy, VP, CBRE, sourced the financing for the project. Amenities will include two prime street-level retail outlets, an open-air courtyard, a fitness center, library, breakfast bar, business center and complimentary bicycles for exploring the city.
#Mandrake capital partners Bluetooth#
ceilings and open floor plans with artwork, live plants, Bluetooth stereos, fully equipped kitchens and in-unit washer and dryers.
The apartment hotel units are designed with high-end finishing with nine-ft. of space comprising a mix of studio, one-, two- and three-bedroom apartment hotel units, a rooftop lounge overlooking downtown Charleston and 27,700 sq.
The new property will consist of 52,700 sq. The building’s design by Morris Adjmi Architects is outstanding it will be a fitting compliment to the classic architectural charm of Charleston.” “ROOST will offer guests in Charleston a comfortable stay in a beautifully designed apartment that feels like a home and the flexibility to stay a few nights or a few months. “We are thrilled to break ground on our first ROOST Apartment Hotel in South Carolina and our second project in the city of Charleston,” said David Grasso, president/cofounder, Method Co. The 50-room, five-story luxury boutique apartment hotel is designed by Morris Adjmi Architects. “We believe that this hotel will be a great addition to the Charleston Historic District, one of the nation’s most coveted tourism destinations.” “This apartment hotel presented an exciting opportunity to provide financing for a unique hotel experience that will blend a luxury boutique setting with an extended-stay lodging offering,” said Donald Braun, president, HSF. The property is scheduled to open in early 2024. The extended-stay, boutique apartment hotel will be operated by Philadelphia-based Method Co., a real estate management, development and design company rooted in hospitality. The company has originated a new first lien construction loan totaling $38.7 million to finance the development of the ROOST Apartment Hotel located in Charleston, SC. HSF has originated $54 million in loans for two separate construction projects. A flurry of financing deals have closed recently, including Hall Structured Finance (HSF) providing $54 million in loans for two projects.
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