The Holiday Inn Vacation resort in Wrightsville Seaside has a new operator and will before long be upgraded, according to an announcement Tuesday.
Officials with OTO Improvement of Spartanburg, South Carolina, stated in a information release that the order of the Getaway Inn Resort Wilmington E-Wrightsville Beach front is the firm’s fifth acquisition in a few several years.
The sale cost was not disclosed in the release and as of noon Tuesday was not yet obtainable from a recorded deed. The prior owner was Moores Inlet Restricted Partnership, in accordance to tax information.
“We are delighted to include this legendary beachfront lodge to our portfolio of owned lodges,” suggests Corry Oakes, CEO of OTO Advancement, in the launch. “The location, right on the sand in Wrightsville Seaside, is outstanding and the reality that every visitor home or suite has a water view, most with balconies, permits website visitors to definitely love all the advantages of a beachfront location.”
OTO strategies to improve and refresh the 7-story, 184-room hotel above the up coming 12 to 18 months, in accordance to the release. OTO is now working the hotel.
“Highlights of the updates include updating the lobby, dining establishments, bars and party areas refreshing the visitor rooms with new furnishings and bathrooms and enhancements to the pools and outdoor areas,” the launch stated. “Major enhancements will also be made driving the scenes with the property’s HVAC and mechanical systems.”
OTO develops resorts in significant-barrier-to-entry markets, in accordance to the launch, but the company’s growth method also consists of purchasing – and repurposing – current assets in key spots.
“With a intention of maximizing a property’s prospective, OTO Improvement has enhanced hotels through renovations and operational improvements,” the launch stated. “OTO not too long ago transformed lodges in Crucial West and Marathon in the Florida Keys and has a latest job below renovation in St. Pete Seashore, Florida.”
Holiday getaway Inn Vacation resort has three swimming pools and two whirlpools in addition to immediate beach front obtain with bicycle, seaside chair and umbrella rentals. Dining options include primary restaurant Oceans Lazy Daze Bar & Grill, a seasonal poolside cafe and Gabby’s Lounge.
The lodge has 8,000 square feet of function area, and the major ballroom has more than 4,000 sq. ft of flexible place.
In North Carolina, OTO also owns a lodge in downtown Chapel Hill and manages a hotel in downtown Charlotte.