The owners of Charleston Place Hotel in downtown Charleston plan to start a three-year, phased renovation of all 440 rooms in the luxury inn this month, it was announced during an earnings report today.
Owned by Orient-Express Hotels Ltd., the company will spend $9.2 million on the first phase at one of its higher-performing hotels. Funding for the other phases was not disclosed. Minimal disruption to guests is expected.
Total revenue for the company was $174.3 million in the second quarter of 2013, up $10.5 million or 6 percent from $163.8 million in the second quarter of 2012.
Revenue from owned hotels for the second quarter was $143 million, up $12.3 million or 9 percent from $130.7 million in the second quarter of 2012 due largely to 9 percent growth in same-store-owned hotels’ revenue per available room.
The company also owns restaurants, train and cruise properties.
Notice about comments:
The Post and Courier is pleased to offer readers the enhanced ability to comment on stories. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We ask that you refrain from profanity, hate speech, personal comments and remarks that are off point.