Hotel Transaction North Carolina

Embassy Suites Charlotte Sold for $32 Million

SREE Hotels, LLC today announced the acquisition of the 274-suite Embassy Suites Charlotte. SREE Hotels plans an eight million dollar renovation to upgrade the interior and exterior, including all guest suites, the meeting/banquet space, lobby and atrium, as well as integrating a new F & B Outlet into the atrium area.
Embassy Suites Charlotte
Embassy Suites Charlotte

Embassy Suites by Hllton SREE Hotels, LLC today announced the acquisition of the 274-suite Embassy Suites Charlotte. SREE Hotels plans an eight million dollar renovation to upgrade the interior and exterior, including all guest suites, the meeting/banquet space, lobby and atrium, as well as integrating a new F & B Outlet into the atrium area. The newly renovated property will incorporate a modern and contemporary design unlike any other in the Charlotte market.

"We are excited to add the Embassy Suites brand to our portfolio of hotels," said Brad Marsico, SVP Sales & Marketing of SREE Hotels. "With the upcoming renovation, the public spaces will be transformed into a much more interactive environment, and will be another amenity that will allow the hotel to continue to outperform many of its competitors. Our team looks forward to growing and maintaining relationships in the area and introducing them to the newly renovated Embassy Suites-Charlotte."

Located at 4800 South Tryon Street, the Embassy Suites Charlotte offers convenient access to Uptown Charlotte and Charlotte Douglas International Airport, and is in close proximity to area business parks, Carowinds Amusement Park, NASCAR, Charlotte Motor Speedway, and the U.S. National Whitewater Center. The hotel is also an ideal location for all of Charlotte's based businesses including Bank of America, Wells Fargo, Belk, Compass Group, Siemens Energy, NASCAR teams, Coca Cola, Piedmont Natural Gas and many others.

The hotel features the brand's signature amenities including its free made-to-order breakfast, a two-hour complimentary Evening Reception with snacks and beverages, two-room suites with a separate living area, private bedroom, WiFi, 32-inch LCD televisions, a wet bar fitted with a microwave, a mini-fridge and a coffee maker. Guests have access to the 24-hour fitness center and an indoor swimming pool and whirlpool spa. The eight-story full-service hotel provides a total of 8,597 square feet of space to accommodate functions of up to 400 people, the onsite restaurant – Omaha Steakhouse serving lunch and dinner, and offers a complimentary shuttle within three miles of the hotel.

SREE Hotels, LLC is a fully integrated hotel development and management company based in Charlotte, North Carolina that currently owns/operates 26 hotels along the Eastern United States. Through its valued partnerships with Marriott and Hilton, SREE Hotels continues to grow with five new hotels added to its portfolio in 2015, valued at $120 Million. 



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