Raines
Raines Adds Sea Palms Resort in St. Simons Island to Its Management Portfolio
Raines | July 18, 2024
FLORENCE, SC — July 18, 2024 — Raines, a leading hospitality management, development, and investment organization, has welcomed the Sea Palms Resort in St. Simons Island, GA, to its management portfolio. This addition, owned by RREAF Holdings, is now part of Woven by Raines, the company’s lifestyle division, and includes a golf course, marking the second golf course managed by Raines. Sea Palms Resort, nestled in an upscale resort community at 515 North Windward Drive, offers a unique blend of luxury and leisure. St. Simons Island, recognized as one of the most popular island destinations in the world in 2023 by Travel & L...
Raines Now Operating 16 Hotels for Atlantic Hotels Group in New Joint Venture
Raines | June 5, 2024
FLORENCE, SC — June 5, 2024 — Raines, a leading hospitality management, development, and investment organization, has entered into a joint venture with Atlantic Hotels Group that adds 16 properties to Raines’ management portfolio and expands the company’s operations into the Texas market. This deal was spearheaded by Kerry Ranson, partner and president of operations at Raines, and Perry Molubhoy, CEO of Atlantic Hotels Group, who have a personal and professional relationship that spans nearly two decades. Discussions regarding potential joint ventures had been ongoing, borne from a mutual vision to drive innovation and excell...
Raines Adds Cambria Charleston Riverview to Management Portfolio
Raines | April 11, 2024
FLORENCE, SC — April 11, 2024 — Raines, a leading hospitality management, development, and investment organization, has added the Cambria Charleston Riverview to its management portfolio. This 126-room property strengthens Raines' foothold in the Charleston market as the company’s seventh hotel in the local area and kicks off its partnership with the hotel’s owner, RREAF Holdings. “For a variety of reasons, we’ve decided to partner with Raines on this property,” said Kip Sowden, chairman and CEO of RREAF Holdings. “The Raines team sets itself apart with its deep understanding of the Charleston market, the personalized...
Raines Adds Springhill Suites Cheraw and Hilton Garden Inn University District Greenville to Management Portfolio
Raines | March 11, 2024
FLORENCE, SC — March 11, 2024 — Following a landmark year, Raines has added two more properties to its management portfolio: Springhill Suites Cheraw in Cheraw, SC, and Hilton Garden Inn University District Greenville in Greenville, NC. Co-X Holdings has a majority stake in both properties. “Raines is simply the best at what they do,” said Paul Adkison, co-founder of Co-X Holdings, a private, boutique investment firm based in Fort Lauderdale, FL. “They’re known for maximizing ROI for owners while also delivering memorable guest experiences, all while strategically growing their own portfolio of properties, and their com...
Raines Opens Newly Renovated Waynesville Inn & Golf Club in Western North Carolina
Raines | August 10, 2023
FLORENCE, SC — August 10, 2023 — Raines has opened the newly renovated Waynesville Inn & Golf Club. With the legacy of the historic Donald Ross-designed course at the heart of the company's vision, Raines, in partnership with Bobby Weed Golf Design, has transformed this iconic destination into a perfect blend of refined amenities and top-notch golf, all set within the stunning Western North Carolina landscape. “Our goal was to create a place where members and guests can enjoy both the laid-back charm of the mountains and the comfortable, updated amenities,” said David Tart, managing partner at Raines. “We took great ...
Raines Acquires HP Hotels
Raines | March 14, 2023
FLORENCE, SC — March 14, 2023 — Raines, a fully integrated hotel development, management, and investment company, has acquired HP Hotels, a full-service, third-party hotel management company, resulting in operational expansion throughout the southeast and southwestern United States. The financial terms of the transaction are not being publicly disclosed. “Assets alone will not get Raines to where it needs to be as a company,” said Grey Raines, managing partner of Raines. “In addition to acquiring third-party management contracts, Raines is adding experienced principals, trusted partnerships, and operations, sales and marketi...
Raines Adds Fairfield Inn & Suites by Marriott Pensacola West I-10 to Portfolio
Raines | September 20, 2022
FLORENCE, SC — September 20, 2022— Raines has added Fairfield Inn & Suites by Marriott Pensacola West I-10 to its growing portfolio of hotels. This deal marks the fully integrated development, management, and investment company's first property in Florida. Season 21, LLC owns the property. “Being a major force in hospitality in the Southeast, Raines has had its eyes set on expanding to Florida for a while now,” said Grey Raines, managing partner at Raines. “We were waiting for the right property and partner, and we found both in this latest deal. We are thrilled to be working with Season 21’s leaders and appreciate the oppo...
Raines Adds Fairfield Inn & Suites by Marriott Charleston North/Ashley Phosphate to Management Portfolio
Raines | May 25, 2022
FLORENCE, SC — May 25, 2022— Raines, a fully integrated development, management, and investment company, has added the Fairfield Inn & Suites by Marriott Charleston North/Ashley Phosphate in North Charleston, SC to its growing portfolio of branded, and boutique and lifestyle properties in the Southeast region of the U.S. This addition marks the fourth third-party managed property in the company’s portfolio of largely operator-owned assets and the seventh hotel in the Charleston-area for Raines. "Even though we haven’t talked much about it, third-party management has been a major focus for us and will continue to be,” said G...
