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In last week’s news it was reported that the land adjacent to the present cruise terminal is being bought by a group representing the Ritz Carlton. The land is prime for redevelopment and sits on Historic Charleston Harbor and ties neatly into the City Market. As the economy continues to reboot my contacts have been telling me that Charleston is poised to see a growth in the luxury accommodations market, with the focus on it being in downtown Charleston.

The Charleston area is no slouch now when it comes to luxury hotels. We are already fortunate enough to be home to three, 5-diamond hotels — The Wentworth Mansion, The Sanctuary and The Woodlands Resort. Aside from the 5-diamond hotels, downtown Charleston has some world-class boutique hotels and many of the finer bed and breakfast hotels in the USA.

If you want more local, inside information about the luxury market in Charleston, SC, please call me Bob, for a no-obligation, consult at 843-345-6074.