Lowe Enterprises Investors acquires Aloft hotel at EpiCentre

CHARLOTTE — Lowe Enterprises Investors (LEI) has acquired the Aloft Charlotte Uptown at the EpiCentre on behalf of an investment client. The 175-room hotel  at 210 E. Trade St. in the uptown.

An LEI affiliate, Destination Management, has assumed management of the property, which will continue to operate as an Aloft hotel.

“Charlotte is one of the strongest markets in the Southeast and one of the fastest growing cities in the U.S. making it a very attractive area for investment,” said Bleecker P. Seaman, co-CEO of LEI. “LEI will make targeted upgrades to the property while focusing on operations to continue to attract local business.”

One of the newest hotels in the area, the Aloft Charlotte was developed in 2009 as a cornerstone of the EpiCentre, a mixed-use entertainment complex with more than 300,000 square feet of office space, restaurants, nightclubs, and specialty retail outlets. The hotel features a fitness center, café, indoor pool, 2,500-square-foot meeting facility, business center and the popular w xyz bar, a favorite gathering place for the local community.

Russell Munn of Lowe Enterprises Investors led the acquisition team. Financing for the acquisition was provided by Wells Fargo.

LEI provides real estate investment management services on behalf of a select list of institutional and high net-worth clients and partners through individually managed accounts, commingled fund relationships and targeted investment programs.