Raines has added Home2 Suites by Hilton Charlotte University Research Park in Charlotte, NC, to its management portfolio.
The hotel is located within University City, a developing district in northeast Charlotte. The market offers a blend of academic, corporate and residential communities, as well a diverse array of industries. Major employers in the area include Allstate, IBM, AT&T, Duke Energy, TIAA and Wells Fargo. The property is just over a mile from UNC Charlotte and Atrium Health University City. For racing enthusiasts, the property is proximate to the Charlotte Motor Speedway, zMAX Dragway and the NASCAR Hall of Fame.
The 105-key hotel’s suites include the signature Home2 Suites amenities, including fully equipped kitchens. There is an indoor pool and fitness center, as well as meeting rooms. The pet-friendly property also offers complimentary breakfast, a 24/7 market and free WiFi.
Grey Raines, managing partner, Raines, said, “This deal showcases Raines’ capabilities as multifaceted partner for hospitality investors. In this instance, we helped identify the asset, underwrite the deal, and assisted with legal services and closing. This project was completed in partnership with a long-time investor, further demonstrating the strength of our relationships and our commitment to treating every owner as more than just a number. We look forward to continuing this partnership and ensuring that this property thrives.”
