TMGOC Ventures Celebrates Highly-Anticipated Moxy Charleston Opening
CHARLESTON, S.C. / BOCA RATON, FL. –APRIL 14, 2023
TMGOC Ventures, a partnership between The Montford Group. and Opterra Capital, recently celebrated the opening of its latest project, the highly-anticipated Moxy Charleston Downtown, located at 547 Meeting Street.
Moxy Charleston, which welcomed its inaugural guests on Wednesday, April 5, offers a stylish and high-energy hospitality experience, featuring vibrant public spaces and unobstructed views of the Ravenel Bridge. The property greets locals and travelers alike with an expansive 7,000 square foot indoor/outdoor rooftop lounge featuring a sleek 10-seat rooftop bar, a ground floor Starbucks, and a performance stage featuring a packed roster of local DJs and musicians.
The TMGOC team broke ground on the property in May 2021, and its completion makes it the 13th fully-operational hotel property in the joint-venture’s growing portfolio.
Moxy is the first of four downtown Charleston hotel projects in the works for TMGOC Ventures, with the Thompson, the Montford Hotel and the Charlestonian coming soon. A Moxy Charlotte location is also under construction by TMGOC.
“Moxy Charleston was a labor of love in the truest sense of the term, and we couldn’t be prouder of the finished product,” The Montford Group. Founder and CEO Sunju Patel said. “Each and every corner of this property was thoughtfully designed to provide the most unique and impactful experience possible, and we hope our guests feel that when they walk through our doors.”
“There’s no question that Moxy is a hospitality experience unlike any other in Charleston, and it’s been a real joy to help bring this unique concept to life,” Opterra Capital Founder and CEO Glenn Alba said. “With several more hotel projects in the pipeline for the downtown area, Charleston has certainly not seen the last of TMGOC.”
Moxy Charleston, built by Construction Professionals, Inc., was designed by Studio MCG and LS3P, and features interiors by Streetsense. It is managed by Aimbridge Hospitality as part of Marriott’s Bonvoy portfolio.
Download photos of the newly-opened property here.
ABOUT TMGOC VENTURES
TMGOC Ventures is a real estate private equity and development company specializing in the hospitality and multifamily sectors. A joint venture between The Montford Group and Opterra Capital, TMGOC is focused on acquiring and developing a robust hotel and residential portfolio that creates value for investors, partners, and communities. To date, TMGOC’s portfolio consists of $886 million in existing and pipeline investments comprising 2,626 hotel keys, 335 residential units and 40,000 SF of office and retail across the United States, Caribbean, Canada, and Western Europe.
ABOUT THE MONTFORD GROUP.
The Montford Group. is a real estate investment and development company with more than 50 years of combined experience in real estate investments, acquisitions, and dispositions along with horizontal and vertical development. Helmed by seasoned entrepreneurs Sunju Patel and Jessica Reid, The Montford Group works to curate an unrivaled collection of unique properties and experiences for those who believe that home and hospitality shouldn’t be rare finds, but common ground. The Montford Group. has developed approximately 190,000 SF of residential properties, 275,000 SF of retail space, 500,000 SF of industrial space, 225,000 SF of office space and 90,000 SF of medical office and hospital space. For more information, please visit https://montfordgroup.com.
ABOUT OPTERRA CAPITAL, LLC
Opterra Capital is a Boca Raton, Florida-based real estate investment sponsor and operating partner, capital markets advisor, and asset manager with significant experience in all sectors of commercial real estate. Founded by Glenn Alba, a former Managing Director at Blackstone for 20 years, Opterra Capital consists of five industry professional principals with more than 80 years of experience in hotel ownership, asset management and development. Opterra Capital seeks to leverage this expertise towards value-add acquisitions and proactive investment management to deliver attractive, risk-adjusted returns. For more information, please visit http://www.opterracapital.com.
Chloe Field, Account Manager