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SREE Hotels to Acquire Embassy Suites Charlotte for $32M

CHARLOTTE, NC—SREE Hotels LLC, a hotel development and management company, has acquired the 274-suite Embassy Suites Charlotte. There are plans for an $8-million renovation to upgrade the interior and exterior, all guest suites, meeting/banquet space, lobby and atrium, as well as integrating a new F&B outlet into the atrium area.

“We are excited to add the Embassy Suites brand to our portfolio of hotels,” said Brad Marsico, SVP of sales & marketing of SREE Hotels. “With the upcoming renovation, the public spaces will be transformed into a much more interactive environment, and will be another amenity that will allow the hotel to continue to outperform many of its competitors. Our team looks forward to growing and maintaining relationships in the area and introducing them to the newly renovated Embassy Suites Charlotte.”

Located at 4800 S. Tryon St., the property offers access to Uptown Charlotte and Charlotte Douglas International Airport, and close proximity to area business parks, Carowinds Amusement Park, Charlotte Motor Speedway and the U.S. National Whitewater Center.

The hotel offers a free made-to-order breakfast, a two-hour complimentary evening reception with snacks and beverages. It features two-room suites with a separate living area, private bedroom, WiFi, 32-inch LCD televisions, a wet bar fitted with a microwave, a mini fridge and a coffeemaker. In addition, there is a 24-hour fitness center, indoor swimming pool and whirlpool spa.

The eight-story hotel provides a total of 8,597 sq. ft. of space to accommodate events of up to 400 people; the onsite restaurant Omaha Steakhouse serving lunch and dinner; and a complimentary shuttle services within three miles of the hotel.

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