Hotel Development Opportunity
North Charleston, South Carolina
The Charleston metropolitan area remains one of the most robust and resilient lodging markets in the U.S. following COVID. The hotel site is in a prime location within a 30-acre high-density entertainment district. This district features Topgolf, multifamily housing, restaurants, retail, and various entertainment options.
The Hotel Site is walking distance to the Charleston Area Convention Center and North Charleston Coliseum, and is close to Boeing South Carolina, Charleston International Airport, and Joint Base Charleston. Additionally, the site is just 15 minutes from Charleston’s Historic District, benefiting from the city’s strong leisure appeal as a “drive-to” destination and popular wedding location.
Hotel branding options include Tempo and Canopy by Hilton, StudioRes by Marriott, Avid and Kimpton by IHG, Caption by Hyatt, Hyatt Studios, and various other brand choices.
2023 Demographics
Estimated Population
1 Mile – 2,101
3 Miles – 51,400
5 Miles – 126,698
Average Household Income
1 Mile – $55,048
3 Miles – $67,832
5 Miles – $80,916
Estimated Total Employees
1 Mile – 21,152
3 Miles – 55,446
5 Miles – 90,880
Local Demand Drivers
With a well-educated work force, unparalleled natural and cultural amenities, and a business-friendly climate, Charleston’s high quality of life and low cost of living continue to attract growing businesses including Mercedes-Benz, Boeing, and Volvo. These world-class macro fundamentals have made Charleston one of the fastest growing markets in the US.
Charleston Area Convention Center (0.5 miles): The center remains a key venue with 202,000 SF of meeting, exhibit, and ballroom space. It is still connected to the North Charleston Performing Arts Center, a 2,300-seat venue offering concerts, Broadway shows, and more. This complex continues to serve as a crucial hub for business, tourism, and entertainment in the region.
Charleston Coliseum (0.5 miles): The Charleston Coliseum continues to host diverse events such as concerts, circuses, sports games, and consumer shows. The South Carolina Stingrays, the minor league hockey team, still play home games here, adding to the variety of events.
Charleston International Airport (2 miles): After its major renovation and $189M Terminal Redevelopment and Improvement Program completed in 2016, the airport set a passenger record of 5.3 million travelers in 2022, reflecting strong growth in air traffic.
Boeing South Carolina (2 miles): Boeing remains one of the largest employers in the state. Following the completion of a $1B expansion in 2021, this Boeing location is crucial to the production of the 787 Dreamliner. Boeing’s continued expansions, like a $144M access road for future projects, further cement the company’s importance to the region.
Traffic Counts:
Interstate 526: 86,300 VPD
International Blvd: 41,400 VPD
Interstate 26: 105,900 VPD
Joint Base Charleston (5 miles): The base houses over 90,000 military personnel, including service members from various branches such as the Navy, Air Force, and Coast Guard. The base shares runways with Charleston International Airport, playing a major role in local and national defense.
Roper St. Francis Healthcare: In 2023, Roper St. Francis Healthcare announced a $1.0B investment to build a new medical campus in North Charleston. The new campus will be located between Interstates 26 and 526 on 27 acres along Mall Drive, less than 0.5 miles from the project site. The new campus is expected to offer a full-service hospital with a 24-hour emergency room, and a new medical office building with several outpatient and specialty care facilities.
Location
Advisors
Brokerage team
Erin Zitelli-Davis
C: 704 989 3500
Erin@Lodging-Partners.com