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Raines Announces Opening of New Hotel in North Carolina

by TheDailyHotelier
April 24, 2026
in Finance & Investment
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Raines Announces Opening of New Hotel in North Carolina
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FLORENCE, South Carolina—Raines introduced the opening of the 118-room Courtyard by Marriott Sugar Mountain Banner Elk in Sugar Mountain, North Carolina. The property is located exterior Banner Elk, on the foot of Grandfather Mountain and Sugar Mountain. Raines is managing the resort, Sugar Mountain Hospitality LLC owns it, and it was co-developed by Clarendon Properties and Business Realty Advisors.

The property contains an on-site restaurant, assembly house, indoor pool, health middle, bar, and enterprise middle. The property’s location in downtown Banner Elk offers entry to native boutiques and eating places. Along with its proximity to Grandfather Mountain, the resort is a brief distance from the Blue Ridge Parkway and close by ski resorts.

The Courtyard by Marriott Sugar Mountain Banner Elk marks Raines’ continued development within the Southeast. Different resorts within the firm’s portfolio within the area embrace the DoubleTree Greenville Woodruff, DoubleTree Summerville Nexton, Home2 Suites Charlotte College Analysis Park, and Lantern Columbia. With a number of further initiatives within the pipeline, Raines continues to place itself for strategic development throughout the Southeast.

Statements From Management

“We efficiently employed a normal supervisor, and the opening workforce offered all crucial coaching, instruments, and programs,” mentioned Kerry Ranson, president of operations and accomplice at Raines. “Our workforce additionally dealt with all pre-opening gross sales and advertising initiatives, together with introducing the resort to the neighborhood, assembly with key stakeholders, participating with different companies available in the market, and pre-selling the resort.”

“Raines is happy to broaden the partnership with Clarendon as each corporations develop all through the Southeast,” mentioned Gray Raines, managing accomplice of Raines. “We’re proud to be the popular administration accomplice with such an awesome improvement firm.”



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