Raines Provides Resort Theo to Administration Portfolio


FLORENCE, South Carolina—Raines has added Resort Theo, a Tapestry Assortment by Hilton property, to its administration portfolio. Previously often known as Resort Magnolia, Resort Theo is now a part of Woven by Raines, the approach to life division of Raines. The property is owned by TCOR Resort Companions and TriGate Capital.

Positioned between the French Quarter and the Warehouse District, Resort Theo is a spot for vacationers trying to discover the tradition of The Massive Simple and revel in points of interest. The property itself was initially constructed within the late 1800s and has been house to companies equivalent to an apothecary and bottling operations for Barq’s gentle drinks.

At present, the 101-key Resort Theo presents facilities equivalent to luxurious linens, custom-made bulk toilet facilities, WiFi, an on-site health middle, and 600 sq. toes of assembly house. The onsite restaurant, The Lyons Nook, is called for I.L. Lyons & Co., Wholesale Druggists, Importers, and Manufacturing Chemists, the primary enterprise to be related to the lodge’s tackle.

“Including Resort Theo strengthens our presence in New Orleans and additional accelerates our development within the Southeast,” stated Kerry Ranson, president of operations and accomplice at Raines. “This challenge specifically was a perfect match for our skillset. Our present presence in New Orleans, our historical past of profitable Hilton transitions, and our give attention to the approach to life sector all coalesced as we labored with TCOR and Trigate on this conversion. Our staff can’t wait to start providing tailored experiences to company at Resort Theo.”

Raines has added greater than 20 properties to its administration portfolio because the begin of 2024, together with 16 lodges in a cope with Atlantic Resorts Group. Raines has been devoted to holistic development, particularly within the life-style sector, the place it continues to develop its life-style division, Woven by Raines. In 2023, the corporate commemorated its thirty fifth 12 months within the hospitality business and purchased third-party administration firm HP Resorts, amongst different accomplishments.

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