Industry NewsCharlestowne Named Management Company for Three Graduate Hotels

Charlestowne Named Management Company for Three Graduate Hotels

CHARLESTON, S.C.—AJ Capital Partners (AJCP) has selected Charlestowne Hotels as the management company for the first three hotels to open under the newly released brand, Graduate Hotels. The properties are located in Athens, Ga., Tempe, Ariz., and Charlottesville, Va.

Charlestowne Hotels began managing Graduate Athens, formally the Foundry Park Inn & Spa, for AJCP in December 2013. Charlestowne’s ability to generate revenue and maximize profitability for the asset paved the way for the management group to be selected as the operator for these first three critical properties.

The Graduate brand is designed to be a well-crafted collection of hotels residing in some of the most dynamic university towns across the country. Each hotel will celebrate the youthful optimism of school days and cultivate the spirit of the community.

“It is an honor to be selected as manager for AJ Capital’s first three hotels in the Graduate Hotel platform. They have created a very unique concept and our team is dedicated to providing the experience that the brand has set out to offer: a sense of community and unexpected homage to the town’s heritage and history. It’s certainly exciting to be working with a group of likeminded individuals to make it happen,” stated Michael Tall, president and COO of Charlestowne Hotels.

After extensive renovations, both Graduate Athens and Graduate Tempe opened this month. The 122-room Graduate Athens is just a short walk from the University of Georgia’s campus. Its unique offerings include locally sourced vintage art and a signature bar and live music venue, The Foundry. Graduate Tempe, adjacent to Arizona State University, features 140 rooms and innovative décor throughout, including a large ant farm—a nod to the University’s social insect program—behind the front desk. Graduate Charlottesville, adjacent to the University of Virginia, is slated to open in spring of 2015.

RELATED ARTICLES

Remington Hospitality Appoints Ben Perelmuter as Chief Executive Officer

DALLAS, Texas—Remington Hospitality announced the appointment of Ben Perelmuter as its new chief executive officer, effective June 2, 2025. Perelmuter brings nearly three decades...

SMARTLINEN Announces Launch of Reporting App

MIAMI, Florida—SMARTLINEN announced the launch of its reporting app for Android and iOS. Designed specifically for the hospitality sector, the platform offers hotel operators...

CoStar: U.S. Hotel Industry Reports Negative Weekly Comparisons

ARLINGTON, Virginia—The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through May 10. U.S. Hotel PerformanceMay 4 - May 10, 2025Percentage change...

Gaylord Pacific Resort & Convention Center Opens in California

BETHESDA, Maryland—Gaylord Hotels and Marriott International announced the opening of Gaylord Pacific Resort & Convention Center, the first-ever Gaylord Hotels property in California and...

Hunter Hotel Advisors Facilitates Sale of Hampton Inn & Suites Bridgewater

ATLANTA, Georgia—Hunter Hotel Advisors (Hunter) announced the sale of the Hampton Inn & Suites Bridgewater. Innzen Hospitality purchased the property from FSG Bridgewater Hotel...

CBRE Forecasts Modest RevPAR Growth in 2025

DALLAS, Texas—CBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from...