May 9, 2023 (Birmingham, AL) –  Addicus Private Equity, LLC announces the name and concept for its new boutique hotel to open in the Automotive Historic District of Birmingham. The Painted Lady occupies the old Eyer-Raden Building, nestled in the revitalized Battery development steps aways from new restaurants. Addicus Private Equity is partnering with hospitality veteran, Lark Hotels, to oversee the management of the 22-room hotel.

The hotel is carefully recrafted featuring a well-known, hotel affiliated coffee shop in the lobby, along with a unique local stylish bar and brewery. Painted Lady is currently undergoing a full renovation and redesign and will welcome its first guests in early Fall 2023.

The Painted Lady is named for the legend “Louise Curtis” who operated a boarding house in the upper floors of the building. Louise C. Wooster, became a local celebrity when her selfless work as a nurse in the city’s cholera wards went public in the 1870’s. After which she published a memoir that was equal parts memory, fable, cautionary tale, and poetic ramble.

The Painted Lady recalls Birmingham’s tumultuous past and looks forward to its next chapter with Louise’s characteristic optimism. Within the walls that once concealed passionate secrets and scandalous rumors, guests can revisit this storied character and write their own Birmingham legend.

“Addicus is proud to bring this charming, historic gem to life and celebrate Birmingham’s rich history. The Battery district will be a must visit destination, with a variety of retail and culinary offerings.” said Tarik Bilalbegovic, Director of Private Equity at Addicus.

"As an homage to Louise Wooster, The Painted Lady will celebrate what it means to be an individualist, bringing her bravery and penchant for the truest hospitality to life in the Birmingham of today," said Rob Blood, Founder of Lark Hotels. "The creative growth and revitalization of Birmingham drew us into the city, a new market for Lark Hotels, and we're thrilled to work with our partners here to welcome travelers to such a storied destination, while expanding Lark's signature hospitality and independent spirit throughout the Southeast." 

About Addicus

Addicus is a private wealth management, investment banking, private equity, and tax consulting firm based in Oxford, MS. The world-class investors and advisors at Addicus combine superior financial expertise with an unmatched inventiveness and a ceaseless passion to discover. They are compelled to create opportunities and solutions based on innovative ideas that are aligned with, and in the spirit of, the entrepreneurs and self-made people who make up the clients they serve.

Addicus has a satellite office located in Five Points in Birmingham with 14 employees.

About Lark Hotels

Lark Hotels is a premium hotel development and management company with a portfolio of 50+ branded boutique hotels and restaurants on the East Coast, Alabama, Louisiana, Texas and California. Launched in 2012, Lark Hotels operates boutique properties in high-profile destinations. Lark properties embrace the locations they are in but in playful, unexpected ways. Each Lark Hotel invites guests to experience intimate getaways in the heart of an iconic destination, feel the pull of nostalgia and find attentive service when they want it and privacy when they don’t. In 2020, Lark Hotels launched a third party management division focused on the management and marketing of independent hotels throughout the United States. In 2021, Lark Hotels introduced Bluebird Hotels, a sister collection of boutique roadside lodges—reimagined for the great American road trip. For more information on Lark Hotels and Bluebird Hotels, visit larkhotels.com and bluebirdhotels.com.

Media Contact:

Mary Alice West, Director of Marketing

maryalice.west@addicusadvisors.com