Saltwater Holdings completes the acquisition of The Hive Hotel in Wilmington

‍Saltwater Holdings, a real estate holding company based in Wilmington, N.C., has recently acquired The Hive, a local boutique hotel situated at 505 N. 2nd Street. The hotel, originally established in 2019 by the Rosenberg family and developer Kaylie O'Connor, is known for its distinctive charm, blending modern styles with vibrant colors to create a welcoming atmosphere.

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Richard Stroupe, owner of Saltwater Holdings, expressed excitement about the acquisition, emphasizing the company's commitment to preserving The Hive's unique character. The hotel's 15 apartment-style suites boast contemporary interior design, fully equipped kitchens, luxurious bathrooms, and amenities such as complimentary snacks and beverages, catering to both leisure and business travelers.

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Located just two blocks from downtown Wilmington's riverfront, The Hive is conveniently situated near popular attractions, including historic sites and lively entertainment venues. BlueStar Real Estate, a local property management services company with expertise in boutique hotels, will oversee the management of The Hive to ensure exceptional hospitality for guests.

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Saltwater Holdings' portfolio also includes two other hotels in Surf City: Saltwater Suites, a luxury hotel, and Saltwater Resort, scheduled to open in April 2024. With visitor spending in the Wilmington area surpassing $1 billion in 2022 and the city consistently ranking among the top performing cities by the Milken Institute, Stroupe expressed enthusiasm for providing unique and unparalleled guest experiences in the thriving region.

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For those interested in learning more about The Hive or making reservations, they can visit the hotel's website at https://hivewilmington.com or contact them directly at 910-616-6097.

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In summary, The Hive is a premier boutique hotel in downtown Wilmington, offering meticulously crafted modern suites and a commitment to providing guests with an intimate and elite experience.

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Photo: PRNewswire / Saltwater Holdings

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