Procaccianti Companies and Rugger Capital Acquire Charleston Harbor Resort; Suntex Marinas Acquires Adjacent Marina
Procaccianti Companies and its joint venture partner, Rugger Capital, have acquired the Charleston Harbor Resort in Mount Pleasant, South Carolina. The resort will be managed by TPG Hotels & Resorts, a subsidiary of Procaccianti. In parallel, Suntex Marinas has purchased the adjacent Charleston Harbor Marina, one of the largest marinas in South Carolina with over 450 slips. The two properties together form a major waterfront destination combining hospitality and boating services near historic downtown Charleston. Each will be managed separately but are expected to complement each other as part of an integrated strategy for value creation. Procaccianti plans significant renovations at the resort, while Suntex aims to expand its national marina portfolio. The acquisitions reflect a long-term investment approach focused on enhancing guest experiences and leveraging strategic partnerships with TPG Hotels & Resorts.
Topics: acquisition hospitality marina real estate