Real estate holding company Saltwater Holdings acquired The Hive in Wilmington, N.C. Local property management services company BlueStar Real Estate will manage The Hive.
A local real estate family, the Rosenbergs, and developer, Kaylie O'Connor, originally opened the hotel in 2019. They bought the original building in 2009 and teamed up with local interior decorator Robin Hertzog to create rooms with unique furniture and artwork—mixing modern styles and bright colors in a home-like atmosphere.
"We are thrilled to announce the acquisition of The Hive and deeply honored to uphold the Rosenbergs' vision and carefully crafted distinctive charm," Richard Stroupe, owner of Saltwater Holdings, said in a statement.
The Hive's 15 apartment-style suites have contemporary interior design, full-size kitchens, laptop-friendly workspaces and complimentary in-suite snacks, coffee, tea and other beverages. The hotel is two blocks away from downtown Wilmington's riverfront.
"BlueStar has extensive experience with boutique hotel and commercial property management," said Kristin Kelly Freeman, owner of BlueStar Real Estate. "We're dedicated to making sure The Hive offers efficient and excellent hospitality to its guests."
Saltwater Holdings owns two other hotels in Surf City—the Saltwater Suites and the upcoming Saltwater Resort, opening in April.