Jun
30

Comfort Inn N. Myrtle Beach Sold

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comfort inn n myrtle beach scLodging Partners, LLC, a member of Hotel Brokers International, is pleased to announce they have arranged the sale of the Comfort Inn North Myrtle Beach, South Carolina. The 60-Unit, two-story Comfort Inn North Myrtle Beach is very well located within a short distance of major area attractions and had several rebranding opportunities. The Hotel, which sold for the $2,750,000 asking price, was acquired by an affiliate of Riviera Point Development Group and will be managed and operated by Coakley & Williams Hotel Management Company. The new ownership group has plans to reposition the property to a Country Inn & Suites in the fall of this year.

Ford C. Barton, Principal of Lodging Partners, LLC, exclusively represented the seller, an affiliate of locally-based SHIV Properties, on this transaction. “This was our second engagement on behalf of SHIV Properties, and we’re delighted to have structured for them a very successful exit at the full asking price in the sale of this asset,” noted Ford Barton.

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Categories : Myrtle Beach

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