Highline Hospitality Partners, the hospitality investment platform launched by Highline Real Estate Partners, acquires the dual-branded Hyatt Place/Hyatt House Charleston Historic District. This acquisition marks HHP’s 13th and 14th hotels, representing the company’s first entry into the Charleston market.
Located in Charleston’s iconic Historic District, the property is surrounded by dining, entertainment and cultural attractions. The city is renowned for its leisure offerings and is home to several major industries, including education, healthcare, logistics, and the U.S. military.
“This acquisition represents a strategic milestone for Highline Hospitality Partners,” Managing Partner Chuck Pomerantz said in a statement. “We are excited to add this property in one of the top lodging markets in the country to our portfolio. Our plans include a measured renovation of the Hyatt House and a full repositioning of the Hyatt Place, elevating it to a soft-branded, lifestyle Hyatt offering, well-suited for the Charleston market. With this addition, our portfolio now includes 14 hotels with a combined total of approximately 3,700 guestrooms.”
Built in 2015, the 304-room hotel is part of a mixed-use development that includes 16,000 square feet of retail and restaurant space, 16,000 square eet of office space and a 398-space parking garage along King Street. The property has 113 extended-stay Hyatt House rooms and 191 Hyatt Place rooms. The hotel has 8,600 square feet of flexible meeting space, including a 4,000-square-foot ballroom, as well as Charleston’s tallest rooftop bar.
Additional amenities include a heated indoor pool, a fitness center and a business center. The hotel’s meeting and event spaces are accessible via a grand staircase or private elevator off King Street.
Highline Hospitality Partners has selected Avion Hospitality as the third-party manager for the hotel, marking their sixth and seventh collaborations.