CHARLOTTE, NORTH CAROLINA – October 13, 2022 — Morris, Manning & Martin advised TMGOC Ventures, a partnership between Opterra Capital and The Montford Group., in a $51.5 million loan from Canyon Partners Real Estate LLC for the construction of a 13-story, 208-room Moxy Hotel located in Charlotte, North Carolina. The Moxy Charlotte, scheduled to open in September of 2024, represents Canyon's second transaction with TMGOC Ventures and its third Moxy Hotel financing.
Located in Uptown, Moxy Charlotte will sit at the center of the city's business, sports, and entertainment venues. Amenities will include a rooftop terrace, a Starbucks coffee shop and a bar on the top floor. Moxy Charlotte will also be a choice option for visiting sports fans, given its proximity to the Bank of America stadium as well as the Spectrum Center. Moxy Hotels are affiliated with Marriott International and Moxy Charlotte will benefit from Marriott's world-class reservation system and guest loyalty program, Bonvoy.
The Montford Group. is a real estate investment and development company with more than 50 years of combined experience in real estate investments, acquisitions, and dispositions along with horizontal and vertical development. It is based in Charleston, South Carolina.
Opterra Capital is a Boca Raton, Florida-based real estate investment sponsor and operating partner, capital markets advisor, and asset manager with significant experience in all sectors of commercial real estate.
The MMM team, led by Catherine Morgen, includes Tom Gryboski and Matt Peurach in Atlanta. Canyon, which is based in Dallas, announced the financing on October 13, 2022.