Dave Munday of The Post and Courier reports that the Charleston zoning board may be tapping the brakes on new hotel development in the city center with the decline of a request for a new 50-room hotel at 36 N. Market Street downtown.
After purchasing the former federal building in 2008 for $15M, John Dewberry of Atlanta has begun to work on what he expects to be a 5-star hotel that will open in late 2015 after he has now secured a reported $35M loan from NBSC. Abigail Darlington of The Post and Courier has the article.
Two Starwood flags, Element by Westin and its Aloft brand, will share a 9-story, 170-room development planned for the Upper Peninsula when it starts construction in 2016 in a development by Jupiter Holdings. The two concepts will share lobbies and common areas and parking, but have their own floors of rooms. The Grapevine from The Post and Courier has the brief announcement that surfaced in a zoning approval request for the site.
The Vendue, formerly the Vendue Inn, recently opened its newly updated rooms and two dining concepts, including a new Rooftop bar, all part of a $5M renovation of the downtown properties at 19 and 26 Vendue Range near the CHS’ Waterfront Park. Abigail Darlington of The Post and Courier features the hotel and its new theme with more than 300 pieces of artwork in the rooms and common areas, and all for sale.
The Restoration on King, a 16-suite luxury hotel, is expanding by 34 more rooms plus an outdoor restaurant and bar, at a cost of $15M. Abigail Darlington of The Post and Courier has the full story.
Our friends at SCRENews.com tell us that CHS County’s hotel rooms’ occupancy was up 8.2% in January 2014 as compared to January 2013, according to Smith Travel Research data released by the College of Charleston’s Office of Tourism Analysis and the Charleston Area Convention and Visitor’s Bureau. West of the Ashley, occupancy was up 14.0%, and the Peninsula was up 3.3% to 64.0%. ADR county-wide was up as well – up 3.3% to $111.35, making it the 37th consecutive month of ADR increases. REVPAR county-wide was up 12.2% year-over-year.
Downtown CHS’ former Vendue Inn is being transformed into The Vendue, an art-centered boutique hotel. Abigail Darlington of The Post and Courier has the story.
John McDermott of The Post and Courier provides a story on the CHS hospitality market and the “jewel of the Southeast”, along with talk of a $400/night hotel downtown and, one day, maybe even a St. Regis of a Ritz-Carlton.
The Grand Bohemian, a 50-room boutique hotel in downtown Charleston, had its groundbreaking recently. Our friends at SCRENEWS have the story.
The Charleston Regional Business Journal’s Ashley Barker reports that CHS county sold 31,200 more hotel room-nights in December than in December 2012, and as a result occupancy rose 11.4%. All the while, the daily rate rose 4.1% from the year prior. The CRBJ reports the county has now had year-over-year ADR increases for 36 consecutive months. County-wide, occupancy in 2013 was at 72%, the ADR at $128.83 and REVPAR at $93.92 according to the report from Smith Travel Research and released by the College of Charleston’s Office of Tourism Analysis and the Charleston Area Convention and Visitor’s Bureau.