Beemok Capital, the family office of Charleston businessman and philanthropist Benjamin Navarro, on Friday announced it has completed its acquisition of Charleston Place Hotel. Financial terms of the transaction were not disclosed.
Beemok says they will “make a significant investment in revitalizing the iconic property and plans to begin property improvements within the next eighteen months.”
“We're thrilled to officially complete the acquisition of Charleston Place, a landmark property that resonates in the hearts and minds of our local Charleston community and visitors alike,” said Benjamin Navarro. “We intend to deploy significant investments at the property, while also honoring its unique heritage and overall identity that has solidified Charleston Place as one of the most iconic hotels in the Southeast.”
