The Grand Bohemian Hotel Project
The Group 68 Loan to an affiliate of The Kessler Enterprise, Inc. ("Kessler") will assist in financing the development and construction of an upscale boutique hotel, known as the Grand Bohemian Hotel (“Project”). The Project will provide several food and beverage outlets, including an upscale lobby restaurant and bar with outdoor and private dining, a rooftop restaurant and bar, multiple meeting and event spaces including a ballroom and an outdoor event terrace, a fitness center and spa, a Starbucks on the ground level, and structured parking.The Grand Bohemian Hotel will be a high-rise, luxury boutique hotel project to be developed on a 0.57 acre site located on the Northwest Quadrant of Trade Street and Church Street in the central business district of Charlotte, North Carolina. As currently envisioned, the Project will be a 254-key, 15-story building featuring approximately 282,668 square feet (26,261 square meters) of gross building area and approximately 170 parking spaces, a portion of which will be located on floors two and three.
The Project is being designed, branded, and managed by Kessler Collection Management which has been approved by Marriott. The hotel will be affiliated with Grand Bohemian Autograph Collection, an upscale boutique brand of Marriott’s Autograph Collection. Designed by 2014 AIA Young Architect of the Year, Christian Sottile, the Project will be Richard C. Kessler’s 17th hotel development.
The Project is within walking distance of several unaffiliated landmarks including to the Charlotte Convention Center, Bank Of America Stadium, BB&T Ballpark, the Spectrum Center
(formerly Time Warner Cable), Discovery Place, the Blumenthal Performing Arts Center, and the NASCAR Hall of Fame. The First Street Cultural Campus is located less than one half
mile southwest of the Project and includes the new Bechtler Museum of Modern Art, the Harvey B. Gantt Center for African-American Arts & Culture, the Knight Theater, and the Duke Energy Center. A large concentration of acclaimed restaurants, cultural venues and major corporate headquarters are within close walking distance from the Project site.