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Atlanta & Southeast  + Southeast  + Hospitality  | 

Knighthead Delivers Development Funding for Boutique South Carolina Hotel

Greenwich, CT-based Knighthead Funding LLC provided King & George Street, LLC with $30.5 million in short-term first mortgage debt for the development of ROOST Charleston, a luxury full-service boutique hotel and 11,003-square-feet of prime retail in Charleston, SC. The non-recourse, floating rate loan has a term of 27 months. It is Knighthead’s first financing in South Carolina.

Knighthead’s Jonathan Daniel says, “Our acquisition and redevelopment financing will help the Sponsor re-position this asset into a Class A mixed-use property.”

The new mixed-use property will be comprised of a newly-constructed building and three redeveloped historic buildings. The site is located at the northeast corner of King and George Streets in the Lower King section of historic Charleston, which is known for its high concentration of luxury retail stores and restaurants.

ROOST will offer a combination of standard hotel guest rooms and extended stay apartments. Amenities will include a restaurant, a café, spa, outdoor courtyard and ground floor retail shops.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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