Company NewsOctober 27, 2015:
SIB Fixed Cost Reduction Adds Hospitality Industry Veteran …
June 9, 2015:
of the Georgia International and Maritime Trade Center Authority
(GIMTCA) unanimously supported the Chairman’s recommendation to sign a
hotel development consulting contract with Moeckel & Company to
assist the Authority in effecting timely new hotel development on
Hutchinson Island; the planning, construction and opening of
which would potentially coincide with that of the proposed $50 million
expansion of the adjacent Trade Center.
Moeckel & Co. is
pleased to have represented NUCCO, Inc. in the sale of its 252-room Inn
at Ellis Square in the Historic District of Savannah to the Noble
Investment Group. The transaction involved the sale of the
hotel, termination of existing management and franchise
agreements, new IHG management and Hotel Indigo license agreements and
a planned major renovation and repositioning of the property into an
urban flagship for the Hotel Indigo brand.
Moeckel & Co. is
pleased to have represented Waterfront Restaurant LLC in structuring
and consummating a Bargain Sale of 300 Concord Street to the City of
Charleston for its $75 million development of the International African
American Museum. The parcel which is located between the
Aquarium and the Maritime Center fronting Charleston Harbor was the
original site of Gadsden’s Wharf, where tens of thousands of slaves
first entered the United States.
Moeckel & Co.,
working in conjunction with Baltimore-based Lantern Advisors, is
pleased to have represented a Virginia-based hotel partnership in
restructuring the debt, management and franchise agreements and
securing a fresh equity infusion for its then distressed asset.
Moeckel & Co. is pleased to announce the representation of Kessler
Charleston Meeting, LLC in their purchase of 247 & 249 Meeting
Street and 59 Hasell Street in downtown Charleston for the development
of the Bohemian Hotel Charleston. The transaction closed on November
19, 2013. John Poston of Poston & Co. also served as a buyer’s
agent in the transaction, which entailed obtaining entitlements from
the City of Charleston Board of Zoning Appeals and Board of
Architectural Review for a 50-room hotel.
Moeckel & Co.
represented Savannah Investors in the sale of the Mulberry Inn (Holiday
Inn Historic District) in downtown Savannah to KHP III, an investment affiliate of Kimpton Hotels.
The sale involved the assumption of a CMBS loan requiring approvals by
both the master and special servicers, the early termination of the IHG
license and a $15 million renovation and repositioning of the property
into a high-end boutique hotel. The transaction closed on
December 31, 2012.
Moeckel & Co.
Represents Summerville Inns of Grandeur LLC in the Acquisition of the
Woodlands Inn in Charleston, South Carolina.
September 1, 2010:
We are pleased to have represented Summerville Inns of Grandeur, LLC in
the acquisition of the Woodlands Inn in Charleston, South Carolina. The
historic Woodlands Inn is one of only six hotels in America to earn the
Five Star and Five Diamond awards for both lodging and dining.
Moeckel & Co.
Represents Prince Bush Smith Hotels, LLC in Sale
May 27, 2010:
Moeckel & Co. is pleased to announce its exclusive representation
of Prince Bush Smith Hotels, LLC in the sale of their leasehold
interest in the Holiday
Inn Historic District at 125 Calhoun Street and fee interest in
the adjacent office building at 310 Meeting Street in downtown
Charleston, South Carolina. The transaction entailed obtaining
entitlements for a 50-room expansion from the City’s Board of Zoning
Appeals and Board of Architectural Review. The buyer is an
affiliate of the Noble Investment Group in Atlanta, Georgia.
Conservation and Limited Development Project Initiatives
January 1, 2008:
Bill Moeckel has been appointed chairman of the Advisory Board of Christiana
Capital Group LLC,
a Wilmington, Delaware based company in which he is an
The company specializies in Conservation and Limited Development
Projects with Private Land Owners, Land Trusts and Government
and Philadelphia Properties Sold to Crestline Hotels & Resorts
Bill Moeckel is pleased to announce that Crescent Hotels &
has acquired the 224-suite Embassy Suites Richmond in Virginia and the
253-suite Doubletree Guest Suites in suburban Philadelphia from the
Thayer Lodging Group for an undisclosed price. These are the
first two hotels acquired by Moeckel on behalf of Thayer and the
Lodging Opportunities Fund in 1995.
Lodging Group Sells Eight-Hotel Portfolio
Hotel Investors II, a private equity fund launched by Moeckel,
Fred Malek, Lee Pillsbury & Gary Wilson in 1995, sold eight
hotels to the Pyramid Hotel Opportunity Venture Fund of Boston.