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Atlanta & Southeast  + Hospitality  |  March 25, 2021
David Cohen
By: David Cohen

Canyon Partners Provides $25M Construction Loan for Charleston Moxy Hotel

Canyon Partners Real Estate has provided a $25.2 million loan to a joint venture between Opterra Capital and The Montford Group for the construction of a seven-story select-service Moxy hotel located in Charleston, S.C.

Featuring 131 guest rooms, the hotel construction is expected to commence immediately and is slated to open in late 2022. The hotel will be located in the Upper Peninsula District, a rapidly evolving submarket, less than a mile north of Charleston’s Historic District. Features of the hotel will include a rooftop bar and restaurant, first-floor café, large meeting space and lobby bar and lounge. Moxy Hotels are affiliated with Marriott International

The transaction was facilitated by Hodges Ward Elliott. This investment brings Canyon’s real estate portfolio to approximately $6.1 billion of project capitalization.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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