May 14, 2024 TMGOC VENTURES MARKS MOXY CHARLOTTE UPTOWN ‘TOPPING OUT’ MILESTONE
TMGOC VENTURES MARKS MOXY CHARLOTTE UPTOWN ‘TOPPING OUT’ MILESTONE
New Marriott-branded property aimed at Millennials and business travelers seeking to ‘play on’ moving ahead for 2025 completion
CHARLESTON, S.C. and BOCA RATON, Fla. – TMGOC Ventures (TMGOC), a real estate and development private equity firm headquartered in Charleston, S.C. and Boca Raton, Fla., today announced the ‘topping out’ of the upcoming Moxy Charlotte Uptown.
The moment is a significant milestone for the new Marriott-branded property aimed at Millennials and business travelers seeking to add more play to their stay. Construction is scheduled to be completed later this year with a grand opening scheduled for Q1 2025.
The 208-key, 13-story hotel is located at 125 S. Brevard Street in the heart of Uptown, just steps from the Spectrum Center and Epicentre. A core feature of the new property is an expansive rooftop lounge and patio, offering sweeping views of the Queen City skyline. The property will also feature 2,500 sq. feet of meeting space, a 24/7 fitness center, and a Starbucks on the first floor – providing convenient access for guests and locals alike.
“We’re ecstatic to bring the first Moxy Hotel to Charlotte and know it will be a great addition to the bustling Uptown area,” said TMGOC Co-Founded Sunju Patel. “The Moxy will fill a gap in the Charlotte hotel market, enhancing the Uptown Entertainment District by offering guests and locals a new place to play and have fun. We look forward to officially opening next year and deepening our ties in the Charlotte community.”
Moxy Hotels by Marriott encourages guests to ‘play on’ beginning with a complimentary cocktail at check-in. The brand is all about fun with properties offering a wide range of entertainment including live music, themed events and games.
The property marks the second hotel for TMGOC in the Charlotte market, joining the Marriott Courtyard Charlotte Airport North, and the second Moxy Hotel in its portfolio. The other is Moxy Charleston Downtown, the first Moxy in South Carolina, which opened in April 2023, a 131-room boutique hotel featuring a rooftop with expansive views of the Peninsula and iconic Ravenel Bridge.
“Charlotte is a key market in our overall portfolio and one we see long-term growth opportunities for our investors,” said TMGOC Co-Founder Glenn Alba. “As the migration continues to move from the Northeast to areas that are more favorable for business like North Carolina, Charlotte is poised to see tremendous growth. We’re well positioned to capture that growth with this newest addition to the Queen City.”
Moxy Charlotte Uptown will be managed by Lexima Lodging, a recognized operations leader with over 30 years of experience in third-party hotel management, investment, and asset management. The company has extensive experience working with the world’s most recognized hotel brands, including Hyatt, Marriott, Hilton, IHG, and Choice. Lexima currently operates five additional TMGOC properties: The Moxy Charleston Downtown in Charleston, S.C., the Hampton Inn Bee Ridge Sarasota, the Hilton Garden Inn Sarasota-Bradenton Airport, the Home 2 Suites Sarasota-Bradenton Airport, and the Holiday Inn in Boca Raton, Fla.
Additional upcoming TMGOC developments include a 162-key Tapestry Collection by Hilton and a 233-unit multi-family mixed-use development in Macon, Ga., a 191-key Thompson by Hyatt in Charleston, S.C., and a 150-key and 20 residences by Autograph Collection Hotels in Charleston, S.C. TMGOC’s existing portfolio currently consists of properties primarily located in the Southeastern U.S., with plans to expand to additional key markets in Arizona, Colorado, and Utah.
To learn more about the upcoming Moxy Charlotte Uptown and additional TMGOC properties, visit tmgocventures.com.
ABOUT TMGOC VENTURES
TMGOC Ventures is a real estate and development private equity firm with more than 150 years of combined experience specializing in the hospitality and multi-family sectors. Co-founded by Sunju Patel and Glenn Alba, TMGOC Ventures was born out of an entrepreneurial spirit and is guided by an institutional mindset focused on acquiring and developing a robust hotel and residential portfolio that creates value for investors, partners, and communities. TMGOC’s portfolio consists of $1 billion in existing and development pipeline investments comprising 2,620 hotel keys, along with opportunistic multi-family, office and retail investments. The company is headquartered in Charleston, S.C. and Boca Raton, Fla., with additional offices in Aspen, Colo., and Oakland, C.A. To learn about investment opportunities and current projects, visit tmgocventures.com.
ABOUT LEXIMA LODGING
Lexima Lodging is a recognized hotel operations leader, with more than 30 years of experience in third-party management, investment, and asset management. It is a sought-after operations leader, born from its extensive experience working with major brands, including Hyatt, Marriott, Hilton IHG, and Choice. Lexima has 18 hotels and 2,500 rooms under management in 10 states. The company was founded in 2019 and is headquartered in Wichita, Kan. To learn more, visit leximalodging.com.
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(843) 422-0682
