This boutique hotel in downtown Wilmington has a new owner

Megan Pociask, Wilmington StarNews
·1 min read

Local real estate holding company Saltwater Holdings has announced that it's acquired The Hive, a local boutique hotel at 505 N. Second St. in Wilmington.

The boutique hotel was originally opened in 2019 by real estate family the Rosenbergs and developer Kaylie O'Connor. It has 15 apartment-style suites and is just two blocks away from downtown Wilmington's riverfront.

According to a news release, the property was acquired by owner of Surf City's Saltwater Suites and the upcoming Saltwater Resort, Richard Stroupe.

"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 said in the release.

Local real estate holding company, Saltwater Holdings, just acquired downtown Wilmington boutique hotel, The Hive.
Local real estate holding company, Saltwater Holdings, just acquired downtown Wilmington boutique hotel, The Hive.

Going forward, the local property management services company BlueStar Real Estate will manage The Hive.

"BlueStar has extensive experience with boutique hotel and commercial property management," said Kristin Kelly Freeman, owner of BlueStar Real Estate, in the release. "We're dedicated to making sure The Hive offers efficient and excellent hospitality to its guests."

This article originally appeared on Wilmington StarNews: The Hive hotel in Wilmington, bought by Saltwater Holdings