ROCKVILLE, Md., Nov. 20, 2017 /PRNewswire/ -- Choice Hotels
International, Inc. (NYSE: CHH), along with RREAF Holdings and New
Castle Hotels & Resorts, broke ground on the Cambria Hotel in
Charleston, S.C. The Cambria
Charleston Riverview, a 126-room hotel is located at 84 Ripley
Point Dr. on the Ashley River, and is slated to open early in 2019
and will be built by Freese Johnson Contractors of Atlanta.
The Cambria Charleston Riverview is perched on the marshes of
the Ashley River, just minutes from Charleston's Historic District. The hotel's
location provides quick access to everything that the area offers,
in addition to the Medical University of South
Carolina complex and the College of
Charleston.
"The Charleston Riverview property is in a prime location right
near downtown, making it the perfect fit for the modern traveler.
We look forward to working with RREAF Holdings to build their first
Cambria, and providing guests with an upscale lodging option where
they can treat themselves while on the road," said Michael Lusick, vice president, upscale
operations at Choice Hotels. "With Charleston being one of
the fastest growing cities in the country, we're excited to
continue the Cambria brand's rapid expansion in this key market.
The Cambria Charleston Riverview will be one of three Cambria
Hotels in the area, including Mount
Pleasant, which also recently broke ground, and North Charleston."
To commemorate the occasion, local artist Norma Ballentine presented an original painting
of the city's iconic pineapple, a symbol of hospitality and
welcome, to the developers, RREAF Holdings, a privately held
commercial real estate firm and New Castle Hotels & Resorts, a
leading third-party hotel management firm.
"We traditionally focus our investments in Texas, Tennessee and the Florida panhandle, but we could not pass up
the opportunity to enter a highly competitive market, like
Charleston, and reset the bar for
a compelling growth brand like Cambria Hotels," said Kip Sowden, CEO of RREAF Holdings. "We have
every confidence that our development and operating partners will
deliver an outstanding return to our investors."
"Charleston is acclaimed for
its storied history, beautiful architecture, unique character and
its classic southern hospitality. Charleston is also a high barrier-to-entry
market," said Cord Middleton, Regional Partner, RREAF Southeast
Region. "Our site, with its irreplaceable location on the Ashley
River, provides an opportunity for a locally focused, upscale brand
like Cambria to enter a market that might otherwise have been
unattainable. That's a great benefit for investors and the
travelling public alike."
The Cambria Charleston Riverview will include 1,300 square feet
of multi-function meeting space, a full-service bar featuring local
craft beer, and a state-of-the-art fitness center. The property
also has spacious and comfortable rooms, along with spa-like
bathrooms that offer contemporary fixtures, refined surfaces and
abundant light.
"Tremendous air lift, and its distinctive character make
Charleston a popular choice for
both business and leisure travelers," noted Gerry Chase, president and COO of New Castle
Hotels & Resorts, which will operate the hotel. "Travelers seek
out local relevance when choosing hotels and now Choice Hotels'
more than 33 million Choice Privileges members will have a brand
new upscale option that pays tribute to the local culture when they
visit this iconic city. There is a reason that both
Travel+Leisure and Conde
Nast readers rank Charleston the top city in the U.S. and
Canada."
About Cambria Hotels
Cambria Hotels are designed for
the modern traveler, offering guests a distinct experience with
simple, guilt-free indulgences allowing them to treat themselves
while on the road. Properties feature compelling design inspired by
the location, spacious and comfortable rooms, flexible meeting
space, and local freshly prepared food and craft beer. Cambria
Hotels is rapidly expanding in major U.S. cities, with hotels open
in Chicago, New York City, Pittsburgh, Washington, D.C., and Los Angeles. There are now 32 Cambria
properties open across the United
States, and there are more than 100 hotels open or in the
pipeline in the U.S. and Canada.
To learn more, visit www.cambriahotelsandsuites.com.
About Choice Hotels
Choice Hotels International, Inc.
(NYSE: CHH) is one of the world's largest hotel companies. With
over 6,500 hotels franchised in more than 40 countries and
territories, Choice Hotels International represents more than
500,000 rooms around the globe. As of September 30, 2017, over 800 hotels were in our
development pipeline. Our company's Ascend Hotel Collection®,
Cambria® Hotels, Comfort Inn®, Comfort Suites®, Sleep Inn®,
Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay
Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice
Hotels™ brands provide a spectrum of lodging choices to meet
guests' needs. With more than 33 million members, our Choice
Privileges® rewards program enhances every trip a guest takes, with
benefits ranging from instant, every day rewards to exceptional
experiences, starting right when they join. All hotels and
vacation rentals are independently owned and operated. Visit us at
www.choicehotels.com for more information.
About RREAF Holdings
RREAF Holdings is a
privately-held commercial real estate firm based in Dallas, Texas. Formed in 2010 to develop
high quality projects, create programmatic acquisition platforms
and provide superior service and value to a wide range of investors
from institutional capital partners to high net worth individuals,
RREAF has a history of success in the acquisition, development,
asset management, ownership, repositioning, and financing of
complex real estate projects throughout the United States.
Please visit www.RREAF.com for more information.
About RREAF SE
RREAF SE, is the southeast regional
partnership of RREAF Holdings, Cord Middleton and Randy Warner, the regional partners. RREAF SE
will expand the footprint of RREAF Holdings acquisition and
development programs in the Carolinas, Georgia and Northeast Florida and the Charleston Cambria
Riverview Hotel is its first venture.
About New Castle Hotels &
Resorts
Shelton
Connecticut-based New Castle Hotels & Resorts, an
award-winning independent third-party hotel manager, owner and
developer with 25 hotels and resorts and nearly 4,000 rooms under
contract or in development. New
Castle's growing portfolio of hotels spans nine states and
two Canadian provinces, including several historic landmark hotels
and resorts. The privately-held company was established by
CEO, David Buffam in 1980 and
consistently ranks among the top hotel management and development
companies in North America. For more information, please
visit www.newcastlehotels.com.
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SOURCE Choice Hotels International, Inc.