Beemok Capital, the family office of Charleston businessman and philanthropist Benjamin Navarro, has completed its acquisition of Charleston Place Hotel in Charleston, S.C. Financial terms of the transaction were not disclosed.
The acquisition of Charleston Place is consistent with Beemok Capital’s strategy to support further revitalization of Charleston, ensuring the city is an exceptional place to live, work and play. With Charleston Place, Beemok Capital is positioned to play a greater role in the Charleston community and tourism industry. Charleston Place is the flagship asset of Beemok Hospitality Group, a vertical of Beemok Capital that invests in premier hotel, restaurant and entertainment assets. Beemok will make a significant investment in revitalizing the iconic property and plans to begin property improvements within the next 18 months.
Navarro stated, “We’re thrilled to officially complete the acquisition of Charleston Place, a landmark property that
