Lodging Partners is the sole and exclusive advisor and is pleased to present for sale the fee simple interest in the 66-unit Quality Inn & Suites Myrtle Beach ("Hotel").
The seven-story, interior corridor hotel has 66 guestrooms with a variety of room types to help maximize occupancy and rate. All rooms have balconies, some suite units have Kitchenettes, and many rooms overlook South Ocean Boulevard and the Atlantic Ocean. Hotel amenities include a seasonal outdoor pool, sun deck, fitness center, business center, and guest laundry. The hotel is in good condition and just completed a major renovation to all the guest bathrooms.
UPSIDE POTENTIAL
The Hotel currently closes during winter months (November-February) and only operates 8 months per year, providing a new owner the opportunity to push revenue by opening year round. This property offers significant upside potential with more hands-on management and direct sales efforts. The ideal buyer will be an owner-operator who completes a cosmetic renovation and takes the opportunity to drive top-line revenue while remaining focused on improving operational efficiencies and achieving stronger bottom-line flow through.
Myrtle Beach, South Carolina is situated in the center of a 60-mile continuous stretch of beach known as the Grand Strand, and the area attracts over 17 million visitors annually to its beautiful beaches, excellent restaurants, golf courses, shopping, and world-class entertainment. US News & World Report recently ranked Myrtle Beach 4th in its Top 10 Best Family Beach Vacations . The Myrtle Beach oceanfront and tourist attractions, the healthcare sector, and Coastal Carolina University serve as stable sources of lodging demand in this area.
The Hotel is very well located in downtown Myrtle Beach along South Ocean Boulevard and just across the street from the Atlantic Ocean. The Hotel is a short distance from major area attractions, which include the world famous Grand Strand Beach, the Alabama Theatre, Ripley' s Aquarium, and Family Kingdom Amusement and Water Park. With more than 100 nearby golf courses, exciting attractions, and scores of shops and restaurants, the Hotel is centrally located for guests to enjoy all that Myrtle Beach has to offer.
