Lodging Associates Announces Sale of Good quality Inn & Suites, Myrtle Beach front, South Carolina

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The 65-Unit, 8-tale High quality Inn & Suites Myrtle Beach has sold to a regional owner/operator of pick-support inns.

Quality Inn & Suites, Myrtle Beach, South Carolina - Exterior

Good quality Inn & Suites, Myrtle Beach front, South Carolina

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Hotel Brokers International;&#13

Lodging Companions, LLC, a member of Lodge Brokers Global, is delighted to announce it has arranged the sale of the Excellent Inn & Suites Myrtle Beach, South Carolina. The 65-Unit, 8-tale Good quality Inn & Suites Myrtle Seashore has offered to a regional operator/operator of pick-company resorts. The Resort is nicely positioned right throughout the road from the Atlantic Ocean and in just walking length of Family members Kingdom Amusement Park, Splashes Water Park, and the Myrtle Beach Boardwalk. Lodging Companions completely represented the Vendor on this transaction.

“This is the 20th Hotel offer that we have been concerned with in the Myrtle Beach market, and we ended up incredibly happy to assist the Seller in reaching their targets and goals during the difficult COVID-19 setting,” noted Ford C. Barton.

Other modern gross sales done in 2021 by Lodging Companions include things like the sale of 3 mid-market extended-remain inns: the Reasonably priced Company Suites located in Harmony, North Carolina, Statesville, North Carolina, and Kannapolis, North Carolina.

We continue on to see strong trader fascination in motels all through the Carolina region and continue being bullish on the lengthy-time period secular developments in our sector. Lodging Partners has a number of other qualities under contract and tasks 2021 to be a pretty healthful 12 months for resort transactions. If you possess a hotel in the Southeast and would take into consideration presents to purchase your property, now is an extraordinary time to discover your choices just before the opportunity transform in funds gains tax. Lodging Companions is looking at high amounts of curiosity from Buyers in search of hospitality investments in all dimensions, locations, and price ranges.

About Lodging Associates, LLC

Lodging Associates is a specialized hotel brokerage and advisory organization concentrated on the sale of select-assistance hospitality investment houses on behalf of institutional and non-public investors all through the United States. In excess of the past 7 decades, Lodging Partners has had an advisory function on about $475 Million in latest lodge transactions across most big lodge makes, which includes: Marriott, IHG, Most effective Western, Option Motels, Wyndham, and Radisson Hotel Group.  The firm features a large range of lodge serious estate services, together with brokerage, valuation consulting, and strategic acquisition organizing and has an unwavering commitment to client provider. In addition to providing accommodations, Lodging Associates also coordinates the sale and invest in of lodge notes, arranges preferred equity & recapitalization, and manages auctions through the 10-X platform, where the company not long ago sold 10 lodges. Lodging Companions might be accessed online at www.lodging-partners.com.

About Resort Brokers Global

Founded in 1959, Resort Brokers Worldwide customers direct the industry in resort authentic estate profits. HBI hotel brokerage specialists have efficiently negotiated extra than 10,000 lodge serious estate transactions and continuously account for the largest share of all select-service and economic climate resort income in the United States. HBI is the founder and administrator of the Certified Resort Broker Plan, the serious estate industry’s only skilled designation plan for lodge brokers. In addition to hospitality authentic estate advisory services, HBI provides affiliate membership to experts in allied fields, which include franchising, lending, appraisals, and financial commitment expert services. For additional info about HBI, HBI users and their hotel listings or to grow to be a broker or affiliate member, visit www.hbihotels.com.

For much more details make contact with:

Ford C. Barton, Principal
Lodging Companions, LLC
Cellphone 704.341.8488
[email protected]

Glenda J. Webb, Government Director
Hotel Brokers Global
Kansas Metropolis, Missouri
816.505.4315
[email protected]

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