Raines has added two properties to its management portfolio: Springhill Suites Cheraw in Cheraw, SC, and Hilton Garden Inn University District Greenville in Greenville, NC. Fort Lauderdale, FL-based Co-X Holdings, a private, boutique investment firm, has a majority stake in both properties.
“Our strong presence in the Southeast, deep experience with F&B outlets and strong momentum made us the perfect fit for these properties,” said Grey Raines, managing partner, Raines. “We look forward to expanding our presence in the region and continuing to maximize returns for the properties we oversee.”
The 102-key Springhill Suites Cheraw features free breakfast, guest laundry, a fitness center, an outdoor pool and Dizzy’s Bar and Grill, named after jazz singer Dizzy Gillespie, who was from Cheraw. The town even hosts an annual jazz festival in his honor.
Raines’ first property in the Greenville market, Hilton Garden Inn University District Greenville, will open later this year at a prime location close to Eastern Carolina University’s campus. It will have 101 guestrooms, meeting space, a fitness center, guest laundry, a sundry shop and a rooftop bar and restaurant. Once complete, the hotel will be the tallest building in downtown Greenville. The property is being developed by Clarendon Properties.
