Property

RLJ Lodging Belief Relaunches Iconic Charleston, SC Property, The Mills Home Lodge, a Curio Assortment Lodge by Hilton

BETHESDA, Md.–(BUSINESS WIRE)–RLJ Lodging Belief (the “Firm”) (NYSE: RLJ) at this time introduced the relaunch on October 1, 2022 of The Mills Home Lodge (“Mills Home”), positioned within the coronary heart of downtown Charleston’s historic French Quarter neighborhood, following a transformative conversion to a way of life resort and affiliation with the Curio Assortment by Hilton.

The transformative repositioning of this 218 room iconic property included a whole reimagination of all the unique visitor rooms and the addition of premium suites, whereas sustaining the old-world appeal and heat Charleston is understood for. Friends will enter by a lush hidden backyard, certainly one of many new bespoke areas, which additionally embody a brand new rooftop bar and terrace. The resort will now supply a number of new meals and beverage ideas, together with The Black Door Café, aptly named after the paneled door on Queen Road that’s the quintessential Charleston second shared throughout social media by guests to The Holy Metropolis. Tucked contained in the walled courtyard of the Mills Home, and shortly to be certainly one of Charleston’s hidden gems, is The Iron Rose, the place company can benefit from the true spirit and style of Charleston by the out of doors fire. In becoming a member of the Curio Assortment by Hilton because the model’s first property in South Carolina, The Mills Home can seize an expanded viewers of experiential vacationers taken with lodges with a real sense of place and way of life choices.

“We’re excited to relaunch this Charleston landmark as a premium, lifestyle-oriented resort that exemplifies the wealthy historical past and immersive Southern Hospitality expertise that Charleston is understood for. Charleston is constantly voted as a high vacation spot to go to by experiential vacationers,” says Leslie D. Hale, President and Chief Government Officer. “The excellent reimagination of the property and model repositioning will increase our publicity to the fast-growing way of life section, additional enhances our footprint in a premium vacation spot market and positions us to unlock vital underlying actual property worth embedded on this asset. Given the expansion within the Charleston market, we consider this renovation will outperform our anticipated +50% IRR we had initially underwritten. This repositioning additionally speaks to the breadth and depth of our platform and the flexibility of our group to ship advanced renovation and worth creating initiatives.”

A Charleston Icon Reimagined

As Charleston’s iconic and beloved pink landmark, Mills Home exemplifies a dedication to Southern hospitality and a refined, welcoming visitor expertise. The property was initially established in 1853 by native entrepreneur Otis Mills and was later reconstructed within the Sixties. Friends visiting Mills Home will expertise trendy, refined design aesthetics with comfy but luxurious touches that elevate the Southern way of life.

Upon arrival, company will enter by a lush, intimate hidden backyard full with out of doors fireplaces and shade canopies. All through the first-floor communal areas, together with the foyer and courtyard, the resort’s design seamlessly blends the indoor and out of doors residing type synonymous with the Lowcountry. Impressed by a standard southern porch, the foyer space captures wealthy pure gentle by expansive glass home windows to supply company an inviting, approachable house through which to start out or finish their day. Simply past the foyer, the resort’s courtyard represents an extension of the inside house that pays homage to the unique design by famed Charleston panorama architect Loutrel Briggs whereas offering a tranquil, elevated gathering spot for company.

A standout property amenity, the resort’s renovated second-floor pool deck and terrace options refined, daring touches of black and white with hints of the constructing’s signature pink all through the design palette. A brand new pool bar has been added, permitting company to take pleasure in drinks all through the redesigned house. Chaise lounges and secluded cabanas line the pool whereas lush landscaping, intimate seating and the lined out of doors bar anchor the terrace.

On the resort’s higher flooring, the totally renovated visitor rooms deliver a recent, timeless class and opulent residential really feel. Friends will discover trendy, fashionable furnishings; pops of wealthy shade within the metropolis’s namesake Charleston Inexperienced; unique paintings by Southeastern artist Tracy Murrell; and modern, multi-functional design parts within the bogs.

Alongside updates to the neighborhood areas and visitor rooms, the resort’s transformative renovations embody the addition of two new eating ideas – The Black Door Café and The Iron Rose. The Black Door Café affords a vibrant all-day café ambiance mixed with an informal espresso bar. Open to resort company and locals alike, the café encompasses a sturdy espresso program that includes famend roasters La Colombe, pastries and breakfast sandwiches, gentle salads, thoughtfully ready grab-and-go objects, and a collection of retail objects from native purveyors. The Iron Rose will debut because the resort’s new full-service restaurant, providing a convivial ambiance for each indoor and out of doors courtyard eating that includes up to date American, seasonal dishes that highlight native components. With Charleston’s exemplary eating scene garnering nationwide acclaim, The Iron Rose will firmly safe Mills Home on the high of any culinary fanatic’s itinerary.

As a repositioned Curio Assortment by Hilton property, Mills Home joins a worldwide portfolio of greater than 115 one-of-a-kind lodges and resorts in practically 30 nations and territories. The gathering gives genuine, curated experiences by distinctly native and elevated facilities, whereas providing the advantages of Hilton and its award-winning visitor loyalty program, Hilton Honors.

Premier Location within the Coronary heart of Charleston

Mills Home is positioned on the nook of Queen and Assembly Streets in Charleston’s historic downtown, in an irreplaceable location on the peninsula inside strolling distance of native artwork galleries, world-class purchasing, famend eating institutions, and historic metropolis websites. The property can also be only a brief drive from sights off the peninsula, together with space seashores, famed gardens, occasion venues and extra. A high leisure progress market with greater than 7 million guests yearly and a inhabitants progress charge thrice the nationwide common, Charleston has been named the “No. 1 Small U.S. Metropolis” for the eighth yr in a row by Condé Nast Traveler journal’s Readers’ Alternative Awards and the “No. 1 Metropolis within the U.S.” for the tenth yr in a row by Journey + Leisure journal’s World’s Greatest Awards. With each day continuous flights from 37 cities within the U.S. and simple drive-in entry from main markets all through the Southeast together with Charlotte and Atlanta, Charleston is beloved for its wealthy historical past, southern appeal, and a deep tradition rooted in hospitality.

About RLJ Lodging Belief:

RLJ Lodging Belief is a self-advised, publicly traded actual property funding belief that owns primarily premium-branded, high-margin, focused-service and compact full-service lodges. The Firm’s portfolio at present consists of 96 lodges with roughly 21,200 rooms, positioned in 23 states and the District of Columbia and an possession curiosity in a single unconsolidated resort with 171 rooms. For extra data, please go to the web site at www.rljlodgingtrust.com.

Ahead Trying Statements

This data incorporates sure statements, apart from purely historic data, together with estimates, projections, statements regarding the Firm’s enterprise plans, aims and anticipated working outcomes, measures being taken in response to the COVID-19 pandemic, and the impression of the COVID-19 pandemic on our enterprise, and the assumptions upon which these statements are based mostly, which might be “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. These forward-looking statements usually are recognized by way of the phrases “consider,” “venture,” “anticipate,” “anticipate,” “estimate,” “plan,” “might,” “will,” “will proceed,” “intend,” “ought to,” “might,” or related expressions. Though the Firm believes that the expectations mirrored in such forward-looking statements are based mostly upon affordable assumptions, beliefs and expectations, such forward-looking statements usually are not predictions of future occasions or ensures of future efficiency and the Firm’s precise outcomes might differ materially from these set forth within the forward-looking statements. Some components that may trigger such a distinction embody the next: the present world financial uncertainty and a worsening of worldwide financial circumstances or low ranges of financial progress; the period and scope of the COVID-19 pandemic and its impression on the demand for journey and on ranges of client confidence; actions governments, companies and people soak up response to the pandemic, the impression of the pandemic on world and regional economies, journey, and financial exercise; public adoption charges of COVID-19 vaccines, together with booster photographs, and their effectiveness towards rising variants of COVID-19, such because the Delta and Omicron variants, and the tempo of restoration when the COVID-19 pandemic subsides; elevated direct and oblique competitors, adjustments in authorities rules or accounting guidelines; adjustments in native, nationwide and world actual property circumstances; declines within the lodging business; seasonality of the lodging business; dangers associated to pure disasters, equivalent to earthquakes and hurricanes; hostilities, together with worldwide navy conflicts, future terrorist assaults or worry of hostilities that have an effect on journey, public well being and/or financial exercise and epidemics and/or pandemics, together with COVID-19; the Firm’s potential to acquire strains of credit score or everlasting financing on passable phrases; adjustments in rates of interest; entry to capital by choices of the Firm’s frequent and most popular shares of useful curiosity, or debt; the Firm’s potential to determine appropriate acquisitions; the Firm’s potential to shut on recognized acquisitions and combine these companies; and inaccuracies of the Firm’s accounting estimates. Furthermore, traders are cautioned to interpret most of the dangers recognized below the part entitled “Threat Components” within the Firm’s Type 10-Ok for the yr ended December 31, 2021, as being heightened on account of the continued and quite a few opposed impacts of the COVID-19 pandemic. Given these uncertainties, undue reliance shouldn’t be positioned on such statements. Besides as required by regulation, the Firm undertakes no obligation to replace or revise publicly any forward-looking statements, whether or not on account of new data, future occasions or in any other case. The Firm cautions traders to not place undue reliance on these ahead wanting statements and urges traders to rigorously assessment the disclosures the Firm makes regarding dangers and uncertainties within the sections entitled “Threat Components,” “Ahead- Trying Statements,” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” within the Firm’s Annual Report, in addition to dangers, uncertainties and different components mentioned in different paperwork filed by the Firm with the Securities and Change Fee.

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