CRESCENT PLANS $100M INVESTMENT TO EXPAND INN AT PALMETTO BLUFF

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BLUFFTON, S.C. — Crescent Communities will invest $100 million to expand the Inn at Palmetto Bluff, a hotel on the South Carolina waterfront in Bluffton. The expansion will add 150 rooms to the property’s 50 individual cottages. The addition will also include a new spa, fitness center, meeting rooms, special event facilities and expanded dining facilities.

Hotel management company Montage Hotels & Resorts will become the new operator of the expanded inn, effective Feb. 1. The property will then be rebranded as The Inn at Palmetto Bluff, a Montage Resort.
“Crescent is thrilled to announce this significant investment to consecrate Palmetto Bluff as the quintessential southern experience,” says Todd Mansfield, CEO of Charlotte, N.C.-based Crescent Communities. “This expansion, along with Montage’s strong record of delivering extraordinary guest service, will enable Palmetto Bluff to continue providing award-winning hospitality while maintaining the original vision of this special place.”
Phoenix-based The Athens Group will serve as development partner and manage the expansion. The design team includes Hart Howerton, HKS Hill Glazier Studio and Wilson Associates.
The expansion and resulting growth in the surrounding community will have an economic impact of more than $500 million during the next 10 years, according to Crescent.
Founded in 1969, Crescent is a real estate investment, development and operating company with a portfolio that includes 27 master-planned communities, 19 multifamily projects and 5,420 units under construction or in pre-development.
— Brittany Biddy

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