The Generation Companies, LLC (Generation), an extraordinary real estate developer, owner, receiver, asset manager and operator of extended-stay hotels, recently celebrated the opening and sale of its Home2 Suites by Hilton Charleston Airport/Convention Center in North Charleston, South Carolina. Generation was the developer for the project, handling the site identification and acquisition, design, entitlements, construction, purchasing and opening of the hotel, which was then sold to one of the industry’s top institutional owners. The Home2 Suites by Hilton Charleston Airport/Convention Center is an upper mid-tier, 122-room extended-stay hotel with a “hip and humble” design and decor. “The hotel has incredibly good access to I-26 and I-526, the Charleston International Airport and Air Force Base, the Charleston Convention Center, Coliseum and Performing Arts Center, the Tanger Outlet Mall and the new Boeing 787 Dreamliner plant,” Jeff Castleberry, Generation’s Director of Acquisitions, pointed out. “Generation conducted research to identify high performance markets during the downturn and discovered the Charleston market was doing well with a stable economy due to military and corporate support. The decision by Boeing to open the Dreamliner plant at that location was a great bonus, and further strengthened an already strong market.”
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