11 July 2023

HUNTER HOTEL ADVISORS ARRANGES SALE OF HOLIDAY INN CHARLESTON-RIVERVIEW

Hunter Hotel Advisors (“HUNTER”) is pleased to announce the sale of the Holiday Inn Charleston-Riverview in Charleston, South Carolina. A partnership led by Rick Patton, Principal of Rio Partners, purchased the riverfront property from Charlotte-based Park Place Hospitality Group for an undisclosed price on Tuesday, June 27, 2023. Robert Taylor and Sophia Pittaluga of HUNTER’s Miami office arranged the sale for Park Place Hospitality Group.

“We are enthused to have executed on another successful acquisition with the HUNTER team. Despite a challenging capital markets environment, Robert and Sophia worked diligently with all parties to ensure this deal got across the finish line. Their creative efforts were critical in reaching a deal that worked for both Seller and Buyer,” said Rick Patton, Principal of Rio Partners. 

The Holiday Inn Charleston-Riverview is one of the few waterfront hotels on the Ashley River. It provides 179 rooms to Charleston, which, despite the pandemic, has boomed in recent years. In 2021, the economic impact of tourism in Charleston exceeded $10 billion. Travel + Leisure has named Charleston the number-one city in the country for ten consecutive years. The Holiday Inn is conveniently located near Downtown Charleston, where world-class shopping and dining options are plentiful. Adding to the property’s appeal, Park Place Hospitality Group completed an extensive renovation before the sale, updating guest rooms and common spaces.