Opterra Capital and The Montford Group has plans to develop a seven-story select-service Moxy hotel located in Charleston, S.C. The partnership received a $25.2 million loan from Canyon Partners Real Estate.
The hotel features 131 rooms. Construction is expected to commence immediately, and the hotel is scheduled to open in late 2022.
The Charleston Moxy hotel is located in the Upper Peninsula District, a rapidly evolving submarket, less than a mile north of the renowned Historic District, and easily accessible to Charleston International Airport. The Moxy will be an attractive destination for tourists and Charleston residents alike, featuring a rooftop bar and restaurant, first-floor café, large meeting space, and lobby bar and lounge.
"Charleston is one of the most desired tourist destinations in the country, given its accessibility, renowned restaurant scene, and plethora of sights and entertainment," said Sunju Patel of The Montford Group. "We see
