Union Investment sells Charleston Hyatt Hotel complex to Highline Hospitality Partners

Union Investment has successfully divested the Hyatt House/Hyatt Place hotel complex in Charleston, South Carolina, to Highline Hospitality Partners, a U.S.-based investment platform. The property, acquired by Union Investment in 2018 for its UniImmo: Global portfolio, has been a cornerstone asset in Charleston’s iconic historic district, a magnet for both leisure and business travelers.

The dual-branded hotel, which opened in 2015, features a total of 304 rooms split between two concepts. The Hyatt House, tailored for extended stays, offers 113 rooms equipped with kitchens and living areas. The Hyatt Place, meanwhile, provides 191 classic hotel rooms. Guests across the property enjoy shared amenities, including conference facilities, a fitness center, a swimming pool, a retail market, and a rooftop bar offering panoramic views of the city.

Andreas Löcher, Head of Investment Management Operational at Union Investment, noted the strategic timing of the sale. “The transaction markets in the hotel property sector are slowly regaining momentum. We seized this early market opportunity to successfully sell the Hyatt House/Hyatt Place,” he stated. Löcher also expressed confidence in the new owner, adding, “In Highline Hospitality Partners, we have found an experienced buyer who will continue to write the success story of the property.”

The sale price remains undisclosed, as per an agreement between the parties. Union Investment was advised by CBRE, Metzler Real Estate, DLA Piper LLP, and BDO throughout the transaction.

This sale reflects a positive shift in the hospitality sector’s investment landscape, signaling renewed activity and confidence in the market.