The Holiday Inn Vacation resort in Wrightsville Beach front has a new proprietor and will quickly be upgraded, in accordance to an announcement Tuesday.
Officers with OTO Growth of Spartanburg, South Carolina, mentioned in a information release that the invest in of the Getaway Inn Resort Wilmington E-Wrightsville Beach is the firm’s fifth acquisition in three several years.
The sale price tag was not disclosed in the release and as of noon Tuesday was not nevertheless readily available from a recorded deed. The prior proprietor was Moores Inlet Limited Partnership, in accordance to tax records.
“We are delighted to include this iconic beachfront hotel to our portfolio of owned lodges,” states Corry Oakes, CEO of OTO Progress, in the launch. “The site, correct on the sand in Wrightsville Seaside, is outstanding and the simple fact that each individual visitor place or suite has a h2o perspective, most with balconies, allows website visitors to truly love all the rewards of a beachfront locale.”
OTO plans to upgrade and refresh the seven-tale, 184-home resort in excess of the upcoming 12 to 18 months, in accordance to the release. OTO is now working the resort.
“Highlights of the upgrades include things like updating the foyer, dining establishments, bars and function spaces refreshing the guest rooms with new furniture and bathrooms and enhancements to the pools and outside locations,” the launch said. “Key improvements will also be made powering the scenes with the property’s HVAC and mechanical devices.”
OTO develops hotels in significant-barrier-to-entry marketplaces, according to the launch, but the company’s progress technique also includes getting – and repurposing – present belongings in key locations.
“With a objective of maximizing a property’s potential, OTO Growth has enhanced inns by means of renovations and operational enhancements,” the launch said. “OTO not long ago remodeled inns in Important West and Marathon in the Florida Keys and has a current challenge below renovation in St. Pete Beach front, Florida.”
Holiday getaway Inn Vacation resort has three pools and two whirlpools in addition to direct seaside access with bicycle, seashore chair and umbrella rentals. Eating options involve key cafe Oceans Lazy Daze Bar & Grill, a seasonal poolside cafe and Gabby’s Lounge.
The lodge has 8,000 sq. ft of function area, and the primary ballroom has in excess of 4,000 sq. toes of flexible area.
In North Carolina, OTO also owns a resort in downtown Chapel Hill and manages a hotel in downtown Charlotte.