Union Investment Acquires 304-Room Dual-Branded Hyatt House and Hyatt Place in Charleston, South Carolina

Union Investment | October 11, 2018

Union Investment has acquired a further hotel property in the US. Opened in 2015, the property is located on King Street in the historical city centre of Charleston, South Carolina, one of the most popular travel destinations in the United States. The property comprises a modern Hyatt House apartment-style hotel, designed for extended-stay guests, and a Hyatt Place hotel, a brand in the premium segment. The two brands offer 304 rooms in total. The vendor of the property is Regent/BN Charleston Holdings LLC. The hotels are leased for 30 years to the operator, the Pyramid Hotel Group. The purchase price is not disclosed. Union Investment ...