HALL Structured Finance Originates $38.7M Loan for the Construction of the roost  Apartment Hotel in Charleston

Dallas-based HALL Structured Finance (HSF) announced today that the company has originated a new first lien construction loan totaling $38.7 million to finance the
development of the ROOST Apartment Hotel located in Charleston, South Carolina. The extended-stay, boutique apartment hotel will be operated by Philadelphia-based Method Co., a real estate management, development and design company rooted in hospitality. The property is scheduled to open in early 2024.

“This apartment hotel presented an exciting opportunity to provide financing for a unique hotel experience that will blend a luxury boutique setting with an extended-stay lodging offering,” said Donald Braun, President of HSF. “We believe that this hotel will be a great addition to the Charleston Historic District, one of the nation’s most coveted tourism destinations.”

The 50-room luxury boutique apartment hotel features a premier address on King Street in the heart of Charleston’s Historic District, one of the most popular retail and restaurant corridors in the country. The five-story property is designed by acclaimed Morris Adjmi Architects.

“We are thrilled to break ground on our first ROOST Apartment Hotel in South Carolina and our second project in the city of Charleston,” said David Grasso, President and Co-Founder of Method Co. “ROOST will offer guests in Charleston a comfortable stay in a beautifully designed apartment that feels like a home and the flexibility to stay a few…