The principals of Pappas Properties have been involved in the development of a number of full-service and select-service hotels over the past 25years. Our hotel experience includes working with Marriott, Hilton and Intercontinental, the three largest hotel companies in the world.
Hotel development is a part of our overall mixed-use development strategy. The development expertise that our team brings to the table is complimented by our joint venture operating partners, who handle the day-to-day operations of each asset.
Our business objective is to play the role of a joint venture development partner while participating as an investor in quality hospitality opportunities throughout the Southeast. Our primary focus is on hotel opportunities within mixed-use, multi-use and town center developments.
Integrating the design of the hotels into a mixed-use development is an important part of creating a memorable place, one where guests enjoy staying on a frequent basis. Attention to design detail, on both exterior and interior finishes, sets our hotel developments apart from the prototypical approach seen throughout the industry.
Examples of our activities in this area include the joint venture development effort at the Hampton Inn & Suites at Phillips Place. This award-winning property consistently ranks as one of the top 10 properties throughout the Hilton system. It consistently leads Charlotte’s SouthPark submarket in occupancy and is a preferred lodging alternative for both corporate and leisure travelers working and visiting Charlotte.
Presently we are designing a second hotel at SouthPark as part of Ashley Park, our new mixed-use development at Sharon and Fairview Roads. This 120-room Indigo Inn will be part of the Intercontinental Hotel Group. The hotel will be adjacent to the Whole Foods Market that is currently under construction and is scheduled for completion in August 2012. The Indigo Inn at Ashley Park will be designed with classical exterior architecture and sophisticated up-to-date interiors, targeting the high-end business and leisure traveler visiting Charlotte.