rreaf holdings
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 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...
RREAF Holdings and Innisfree Hotels Partner to Develop Brand-New Margaritaville Resort on Galveston Beach
RREAF Holdings | January 24, 2024
DALLAS, Jan. 24, 2024 – RREAF Holdings LLC, a private real estate development firm, today announced its partnership with Innisfree Hotels, a best-in-class operator of beachfront hotels and resorts in the Southeastern United States, to develop a brand-new Margaritaville resort in Galveston, Texas. The deal totals just over $250 million and is located at 317 East Beach Drive. Once complete, the resort will occupy 300,000 square feet, making it one of the largest developments in eastern Galveston. The property will feature 334 rooms and include offerings such as a 2.5-acre elevated water park overlooking the beach, four restaurants, a ballr...
Extended Stay Premier Suites Boise-Meridian Opens in Meridian, Idaho
Extended Stay America | August 23, 2023
Charlotte, NC, August 23, 2023— Extended Stay America announced today the opening of the Extended Stay Premier Suites Boise-Meridian, located in Meridian, Idaho. RREAF Holdings developed the property, and Aimbridge Hospitality will manage it. The four-story, 124-room, newly constructed Extended Stay America Premier Suites will feature free Wi-Fi, free healthy breakfast, premium cable, a fitness room, onsite guest laundry, and Extended Stay America’s signature spacious lobby with additional vending options. All spacious suites include fully equipped kitchens with a full-size refrigerator, microwave, stovetop, cookware, utensils, and dis...
The Newly Built Fairfield Inn & Suites Pensacola Beach Opens in Florida
Innisfree Hotels | June 30, 2023
PENSACOLA BEACH, Fla. — Soaring 11 stories into the Island’s clear blue skies, the all-new Fairfield Inn & Suites Pensacola Beach (fairfieldpensacolabeach.com) officially opens today. The 209-room, $75 million beachfront property — a collaboration between Gulf Breeze-based Innisfree Hotels (innisfreehotels.com) and Dallas-based RREAF Holdings (rreaf.com) — stands on the site of the former Best Western Beachside Resort, a beloved Pensacola Beach hotel that was razed after sustaining severe damage from Hurricane Sally in 2020. Rebuilding the space as a brand-new Fairfield Inn & Suites has allowed the Partners to create a saf...
RREAF Holdings in Partnership with Innisfree Hotels Acquires Two Boutique Hotels in Amelia Island, Florida
RREAF Holdings | June 21, 2022
DALLAS, June 21, 2022 -- RREAF Holdings LLC, a private real estate investment and development firm based in Dallas, and Innisfree Hotels, a premier coastal hotel operator in the southeast, today announced the acquisition of two boutique hotels in Amelia Island, Fla., on Fernandina Beach. The properties — Ocean Coast Hotel and Amelia Hotel — are situated in one of America's leading drive-to destination markets, which saw over 1.3 million visitors in 2021. The portfolio has 225 keys, and the properties sit adjacent to each other. The hotels are ideally located across the street from one of Florida's iconic beaches and a few miles fr...
RREAF Acquires Two Hotels in Fort Pierce, Florida and Surfside Beach, South Carolina
RREAF Holdings LLC | December 7, 2021
DALLAS, TX - December 7, 2021 - RREAF Holdings LLC, a private real estate investment and development firm based in Dallas, TX, today announced the acquisition of their Beachside Hotel Portfolio. The portfolio includes Hutchinson Island Plaza Hotel in Fort Pierce, Florida and the Holiday Inn Oceanfront in Surfside Beach, South Carolina. The portfolio totals 203 keys with both assets in iconic beachfront locations that demonstrate some of the strongest performance among hospitality markets. For example, Holiday Inn Oceanfront is located within a short distance to Myrtle Beach, which attracts over 17 million visitors annually with a $7...
Innisfree Hotels Acquires Holiday Inn in Surfside Beach, SC in Partnership With RREAF Holdings
INNISFREE HOTELS | November 16, 2021
Myrtle Beach, SC – November 16, 2021 – Hotel developer and management company Innisfree Hotels, in partnership with RREAF Holdings, announces its recent acquisition of the Holiday Inn Oceanfront, located in Surfside Beach, South Carolina. “RREAF owns several beachfront hotels in the Southeast and continues to actively seek out similar opportunities in the region,” says Rob Steinwedell, Director of Hospitality Acquisitions, Dallas-based RREAF Holdings. “Our investment thesis is built on the belief in a strong recovery from the COVID crisis while catering to the local community by providing excellent accommodations at affordabl...
