TMGOC Ventures, a real estate and development private equity firm headquartered in Charleston, S.C. and Boca Raton, Fla., announced the 'topping out' of the upcoming Moxy Charlotte Uptown. The moment is a milestone for the new Marriott-branded property aimed at Millennials and business travelers seeking to add more play to their stay. Construction is scheduled to be completed later this year with a grand opening scheduled for the first quarter 2025.
The 208-key, 13-story hotel is located at 125 S. Brevard Street in uptown, just steps from the Spectrum Center and Epicentre. A core feature of the new property is an expansive rooftop lounge and patio, offering sweeping views of the Queen City skyline. The property will also feature 2,500 sq. feet of meeting space, a 24/7 fitness center, and a Starbucks on the first floor, providing convenient access for guests and locals alike.
“We’re ecstatic to bring the first Moxy Hotel to Charlotte and know it will be a great addition to the bustling Uptown area,” TMGOC Co-Founder Sunju Patel said in a statement. “The Moxy will fill a gap in the Charlotte hotel market, enhancing the Uptown Entertainment District by offering guests and locals a new place to play and have fun. We look forward to officially opening next year and deepening our ties in the Charlotte community.”
The property marks the second hotel for TMGOC in the Charlotte market, joining the Marriott Courtyard Charlotte Airport North, and the second Moxy Hotel in its portfolio. The other is Moxy Charleston Downtown, the first Moxy in South Carolina, which opened in April 2023, a 131-room boutique hotel featuring a rooftop with expansive views of the Peninsula and iconic Ravenel Bridge.
“Charlotte is a key market in our overall portfolio and one we see long-term growth opportunities for our investors,” said TMGOC Co-Founder Glenn Alba. “As the migration continues to move from the Northeast to areas that are more favorable for business like North Carolina, Charlotte is poised to see tremendous growth. We’re well-positioned to capture that growth with this newest addition to the Queen City.”
Moxy Charlotte Uptown will be managed by Lexima Lodging, a recognized operations leader with over 30 years of experience in third-party hotel management, investment, and asset management. The company has extensive experience working with the world’s most recognized hotel brands, including Hyatt, Marriott, Hilton, IHG, and Choice. Lexima currently operates five additional TMGOC properties: The Moxy Charleston Downtown in Charleston, S.C., the Hampton Inn Bee Ridge Sarasota, the Hilton Garden Inn Sarasota-Bradenton Airport, the Home 2 Suites Sarasota-Bradenton Airport, and the Holiday Inn in Boca Raton, Fla.
Additional upcoming TMGOC developments include a 162-key Tapestry Collection by Hilton and a 233-unit multi-family mixed-use development in Macon, Ga., a 191-key Thompson by Hyatt in Charleston, S.C., and a 150-key and 20 residences by Autograph Collection Hotels in Charleston, S.C.