Procaccianti Companies and Rugger Capital Acquire Charleston Harbor Resort; Suntex Marina Investors Acquires Charleston Harbor Marina
The 217-key waterfront resort and adjacent marina in Mount Pleasant, South Carolina will be separately owned and operated under the parallel deals.
PROVIDENCE, Rhode Island, September 9, 2026. Procaccianti Companies and its joint venture partner, Rugger Capital, announced the acquisition of Charleston Harbor Resort. The property is a 217-key waterfront resort in Mount Pleasant, South Carolina. It will be managed by Procaccianti's hospitality affiliate, TPG Hotels & Resorts.
In a parallel deal, Suntex Marinas announced its acquisition of the adjacent Charleston Harbor Marina. The marina is one of South Carolina's largest in-water marinas. It has more than 450 slips accommodating vessels from recreational cruisers to superyachts. The resort and marina will be managed separately, each maintaining its own ownership and operating expertise.
Procaccianti plans to explore a comprehensive renovation and repositioning of the resort in the coming months. Suntex, whose national portfolio now exceeds 100 marinas across 17 states, will own and operate the marina.
"Charleston Harbor Resort is exactly the kind of irreplaceable waterfront asset we seek to own for the long term, and we are proud to have brought this partnership together," said John Phelan, founder and chairman of Rugger Capital. "We see meaningful potential to add value to the property, attract even more visitors to the nearby Patriots Point Naval & Maritime Museum, and expand our programmatic relationship with TPG Hotels & Resorts."
"The combination of a premier waterfront location, strong operating fundamentals, multiple demand generators, and meaningful opportunities for value creation makes this an exceptionally compelling acquisition in one of the country's strongest hospitality markets," said Robert Leven, chief investment officer of Procaccianti Companies.
"Charleston Harbor Marina represents an important evolution in how we approach waterfront opportunities," said Bryan Redmond, chief executive officer of Suntex Marinas. "Together, Procaccianti Companies, Rugger Capital, and Suntex have created a solution where the separately owned and operated marina and resort complement one another and strengthen the overall waterfront destination."
Procaccianti Companies was founded in 1958. It is a vertically integrated alternative asset manager. The firm has owned, developed, managed or financed real estate in more than 400 cities across 42 states. Rugger Capital is a private investment firm active across private equity, venture, credit and real estate.