TMGOC Ventures Marks Moxy Charlotte Uptown ‘Topping Out’ Milestone
May 6, 2024
By Jack Hale
CHARLOTTE, N.C. – TMGOC Ventures (TMGOC), a real estate and development private equity firm, has reached a significant milestone with the ‘topping out’ of the upcoming Moxy Charlotte Uptown.
The new Marriott-branded property, designed for Millennials and business travelers seeking a blend of work and play, is set to open in Q1 2025 following the completion of construction later this year.
The Details
The 208-key, 13-story hotel will be situated at 125 S. Brevard Street in Uptown Charlotte, just a stone’s throw away from the Spectrum Center and Epicentre. Key features of the property include:
- An expansive rooftop lounge and patio offering panoramic views of the Queen City skyline
- 2,500 sq. feet of meeting space
- A 24/7 fitness center
- A Starbucks on the first floor for the convenience of guests and locals
Excitement in the Air
“We’re thrilled to introduce the first Moxy Hotel to Charlotte, enhancing the vibrant Uptown area,” said TMGOC Co-Founder Sunju Patel. “The Moxy will offer a unique experience, filling a gap in the market and providing a new place to play and have fun for guests and locals alike.”
The Moxy Hotels concept, known for its emphasis on fun, will provide guests with a complimentary cocktail at check-in and a range of entertainment options such as live music, themed events, and games.
TMGOC Ventures Expansion
TMGOC’s expansion in Charlotte underscores the firm’s commitment to long-term growth opportunities in key markets. With the city seeing an influx of businesses relocating from the Northeast, Charlotte is poised for significant development, and TMGOC is well-positioned to capitalize on this trend with Moxy Charlotte Uptown.
Management and Operations
Lexima Lodging, an experienced operator with a track record of managing properties for major hotel brands, will oversee the management of Moxy Charlotte Uptown. The company’s expertise and proven strategies are expected to contribute to the success of the new property.
Future Developments
TMGOC’s upcoming projects include the development of several key properties, including a Tapestry Collection by Hilton, a Thompson by Hyatt, and an Autograph Collection Hotels residence in Charleston, S.C., as well as a multi-family mixed-use development in Macon, Ga.
Conclusion
The ‘topping out’ of Moxy Charlotte Uptown marks a significant step forward in TMGOC Ventures’ expansion efforts, bringing a fresh and exciting hospitality option to Charlotte’s bustling Uptown area. With a focus on merging work and play, the new property is poised to become a vibrant hub for visitors and locals alike.