Providence Group Capital Acquires Three LoSo Hotels
New South End Multifamily Community
December 8, 2021
Providence Group Capital Acquires Five LoSo Parcels in Charlotte, NC
April 22, 2022
Providence Group Capital Acquires Three LoSo Hotels
CHARLOTTE, NC – (January 25, 2022)
Providence Group Capital, a Charlotte based commercial real estate investment and development company, announced today that it has closed on a property located at 212 W. Woodlawn Road in Charlotte, North Carolina. The property, including existing Radisson, Ramada, and Clarion hotels with 408 combined rooms, totals approximately 10.25 acres and is located at the intersection of Interstate 77 and Woodlawn Road. Providence Group Capital will own and operate the three hotels. This acquisition represents Providence Group Capital’s fourth new property investment in South End/LoSo in the last twelve months.
The hotels and land are located less than a half mile walk from the LYNX Woodlawn Light Rail Station and the burgeoning LoSo entertainment district. Under new management, the hotels will provide convenient lodging for guests wanting walkable access to all the dining, shopping, and entertainment offerings in LoSo/South End which is one of the fastest growing and most dynamic submarkets in the country.
Providence Group Capital was represented on this transaction by Forde Britt and Hayes Faulkenberry of Land Advisors’ Charlotte office.
Providence Group Capital, a Charlotte based commercial real estate investment and development company, announced today that it has closed on a property located at 212 W. Woodlawn Road in Charlotte, North Carolina. The property, including existing Radisson, Ramada, and Clarion hotels with 408 combined rooms, totals approximately 10.25 acres and is located at the intersection of Interstate 77 and Woodlawn Road. Providence Group Capital will own and operate the three hotels. This acquisition represents Providence Group Capital’s fourth new property investment in South End/LoSo in the last twelve months.
The hotels and land are located less than a half mile walk from the LYNX Woodlawn Light Rail Station and the burgeoning LoSo entertainment district. Under new management, the hotels will provide convenient lodging for guests wanting walkable access to all the dining, shopping, and entertainment offerings in LoSo/South End which is one of the fastest growing and most dynamic submarkets in the country.
Providence Group Capital was represented on this transaction by Forde Britt and Hayes Faulkenberry of Land Advisors’ Charlotte office.
