Jan
07

Springmaid Beach Resort Sold

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springmaidAn affiliate of Los Angeles-based Integrated Capital, LLC along with its joint venture partner, KBS Strategic Opportunity REIT II, a public, non-traded real estate investment trust based in Newport Beach, has purchased the oceanfront Springmaid Beach Resort in Myrtle Beach, South Carolina. The resort will continue to operate as the Springmaid Beach Resort and will be managed by Hilton Worldwide until it is fully renovated and repositioned as a DoubleTree Resort by Hilton.

“This acquisition supports our ongoing growth in the hospitality industry,” stated Kenneth Fearn, managing partner for Integrated Capital. Integrated Capital Partner Stewart Cushman added, “The oversight by Hilton Worldwide confirms our commitment to superior customer service and outstanding experiences for both the leisure and business traveler.”

Situated on a quarter-mile stretch of serene Atlantic shoreline at the south end of Myrtle Beach’s Ocean Boulevard, the acquisition includes the Springmaid Beach Resort and 187-unit recreational vehicle campground across 30 lush acres. The resort is anchored by the popular Springmaid Pier and features nearly 500 guest rooms, six pools, an arcade and 18-hole miniature golf course, fitness center and two restaurants, and is an ideal resort destination for guests of all ages. The resort also boasts expansive lawns and a 35,000-square-foot conference center, the largest ocean-view space in Myrtle Beach, accommodating events for groups of up to 600 guests.

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    Categories : Myrtle Beach

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