Belmond has accomplished the sale of Charleston Place Lodge to Beemok Capital, the household workplace of Charleston-based businessman and philanthropist Benjamin Navarro.
The latter controls hospitality belongings in Charleston and america south-east area.
Roeland Vos, chief government of Belmond, stated of the sale: “We’re happy that following a radical overview, we now have discovered a purchaser for Charleston Place who will proceed to steward and make investments on this iconic property for a few years to come back.
“As a outstanding Charleston businessman and philanthropist with deep ties to town, Ben and his household are vital buyers in the neighborhood and this sale marks an thrilling milestone within the ongoing story of this nice property.
“We wish to thank our workers at Charleston Place for his or her continued onerous work, professionalism and the magic they convey on daily basis, to make Charleston Place the icon it’s.”
Charleston Place is now the flagship asset of Beemok Hospitality Group, a vertical of Beemok Capital that invests in lodge, restaurant and leisure belongings.
For a transition interval following the completion of the sale, Charleston Place will proceed to function below Belmond administration.
Casey Lavin, president of Beemok Hospitality Group, said: “We’re thrilled to formally full this acquisition and are honoured to welcome Charleston Place to the Beemok household.
“Whereas Charleston Place is already a landmark property inside Charleston and the south-east as an entire, we’re excited to start revitalising the area and are dedicated to making sure it stays an opulent and distinctive lodge for the native Charleston group and guests to get pleasure from.”
Positioned within the coronary heart of Charleston historic downtown district, Charleston Place options 433 visitor rooms, 5 eating places together with the award-winning Charleston Grill, the Riviera Theatre and versatile assembly and occasion area.
Different services embody a spa, a health centre, a 50-foot swimming pool and Outlets at Charleston Place providing a set of outlets.
