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Raines acquires SpringBridge Development
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Raines acquires SpringBridge Development

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FLORENCE, S.C. − Raines, one of the Southeast’s premier hospitality management, investment and development groups, has acquired SpringBridge Development LLC, a firm based in Florence.

Following the recent rebrand and services expansion of Raines, this acquisition adds to the group’s in-house development offerings and contributes to their comprehensive approach toward hospitality, commercial real estate, and historic rehabilitation services.

Born of a long-standing partnership, SpringBridge has been providing development services to Raines’ extensive client portfolio since 2013, and following a seamless transition phase, SpringBridge’s capabilities and offerings are now available under one roof with Raines.

Prior to this acquisition, SpringBridge Development assisted in spearheading the revitalization of the downtown Florence area and the development of Hotel Florence, as well as developing more than 10 select service hotels across the Carolinas.

Its immense focus and involvement in historic rehabilitation and construction management are just two aspects of business that Raines is looking forward to absorbing into its portfolio of capabilities.

While synonymous with the ground-up development of hotels, Raines’ list of offerings in the commercial and historic rehabilitation sectors continues to expand with the acquisition of SpringBridge Development.

Raines’ full scope of services extends to its portfolio of clients that includes boutique properties within Woven by Raines and commercial concepts within Array by Raines.

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