Raines, a Florence, SC-based lodge improvement, administration, and funding firm, acquired HP Accommodations, an Atlanta, GA-based third-party lodge administration firm.
The quantity of the deal was not disclosed.
With the acquisition, Raines will increase its footprint geographically past the Southeast, add properties within the Southwest, together with Texas and Oklahoma. With the addition of HP’s accommodations, Raines now manages 49 properties in eight states throughout seven manufacturers. Working as Raines, the mixed firm maintains places of work in Florence and Charleston, SC, overseeing day-to-day operations of the whole portfolio.
Led by Gray Raines and David Tart, Raines is hospitality administration, improvement, and funding organizations providing a complete method to its property portfolio and consumer base. That includes a wide range of properties, together with notable boutique accommodations, The Foundry Resort in Asheville, NC and Resort Florence in Florence, SC, the corporate at present has 49 accommodations and 5,204 keys all through the Southeast. With its group, a wide range of specialty divisions provide curated and strategic programming, together with Woven, a boutique lodge sector, and Array, which makes a speciality of industrial actual property and workplace properties.
FinSMEs
15/03/2023
