Blue H2o Growth Announces Sale of Two Bethany Seashore, Delaware Hotels
The 112-place Bethany Seaside Ocean Suites, Residence Inn, the first and only resort on the Bethany Seashore boardwalk.
“At Blue Drinking water, we do not shy away from challenging jobs. The stellar effectiveness of the Ocean Suites is just a single illustration of our ongoing persistence and resolve to produce special, higher-end household-welcoming assets in marketplaces with substantial barriers to entry,” Todd Burbage, Blue H2o CEO.

OCEAN Town, Md. (PRWEB)
June 16, 2021
Blue H2o Progress, a leading genuine estate financial investment and outside hospitality management firm, not long ago introduced the sale of the only two lodges in the well-known East Coast seaside community of Bethany Beach, Del. The 112-room Bethany Beach front Ocean Suites, Residence Inn by Marriott, and the 100-room Vacation Inn Express Bethany Beach were acquired by a privately-held authentic estate investment firm.
Blue Drinking water created the Bethany Seaside Ocean Suites in 2015 as the first, and only, resort on the resort’s boardwalk, and the oceanfront luxurious resort has been the upscale lodging of alternative in Delaware’s Quiet Resorts ever because.
“Our focus is developing standout lodging for our guests, and we considered that navigating the intricate approach of a boardwalk build in a person of the most attractive East Coast seashore destinations would be perfectly worthy of the effort and hard work – and we had been proper,” stated Blue Water CEO Todd Burbage. “At Blue Drinking water, we really don’t shy absent from difficult initiatives. The stellar performance of the Ocean Suites is just 1 illustration of our ongoing persistence and dedication to develop exclusive, significant-end family-pleasant belongings in marketplaces with significant obstacles to entry. We appear forward to pursuing comparable possibilities and know that we’re leaving this specific undertaking in fantastic palms.”
To even more provide families and enterprise tourists checking out Bethany Beach front and the surrounding Coastal Delaware communities, Blue Water obtained the Holiday Inn Categorical in 2018. Giving an outdoor pool, fitness heart, and sufficient assembly place, this is the only other lodge in the rapid area and is just two blocks from the beach.
“Building, proudly owning and functioning these motels – together with our numerous water-adjacent homes – has furnished us with unique insights on what family beachgoers are looking for in both a vacation spot and an practical experience,” Burbage added. “We’re fired up to apply these insights to new locations during the state and work to offer the greatest holiday vacation practical experience for all of our tenting, glamping and hoteling family members.”
In addition to its present portfolio of practically two dozen waterfront or h2o-adjacent attributes, Blue H2o is at this time developing 7 RV resorts and four inns. The organization specializes in transforming houses to upscale, luxurious property by concentrating its portfolio on by now-formulated houses, with development potential, in fascinating places near a overall body of drinking water and/or community park lands. Blue Water also has substantial working experience in the entitlement and floor-up development of resort motels and RV resorts. Study much more about the Blue Drinking water portfolio of lodges, RV resorts, and points of interest at https://bwdc.com/portfolio/.
To focus on acquisition or investment opportunities, be sure to call Carl Kruelle, Main Investment Officer, at [email protected].
About Blue Drinking water Growth
Established by Jack and Todd Burbage in 2002, Blue Water specializes in investing, producing, and controlling RV resorts, campgrounds, inns, and sights. Blue Water’s built-in method to promoting, earnings management, and operations has quickly recognized alone as a hospitality industry chief. With two dozen vacation resort-place attributes in East Coast states from Maine to Florida, the Blue Drinking water family members is dedicated to developing elite assets, providing outstanding visitor ordeals, and enhancing the communities we provide. To study additional, go to BWDC.com.
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