Lodging Partners, LLC is pleased to announce that it has arranged the sale of the Holiday Inn Express & Suites – Little River/North Myrtle Beach. The waterfront hotel has impressive operating performance with strong cash flow and is in excellent condition after a major $1.65 million renovation. The hotel has an excellent location with spectacular water views and is easily accessible to all major demand generators in the area.
Lodging Partners exclusively represented the Seller in this transaction. This sale is the 21st hotel transaction in which Lodging Partners has participated in the Myrtle Beach market and the third hotel transaction organized for the seller.
Other recent sales by Lodging Partners in Q2 include the sale of the Holiday Inn Express & Suites in Asheboro, NC, the Hampton Inn in Laurinburg, NC, and two other independent hotels in the Charlotte area. Lodging partners continue to see high levels of interest from buyers seeking hospitality investments of all sizes, areas and price ranges throughout the Carolina region.
About Lodging Partners, LLC
Lodging Partners is a hotel brokerage and advisory firm specializing in the sale of prime serviced hotel investment properties on behalf of institutional and private investors across the United States. Lodging Partners has acted in an advisory role on over $570 million in recent hotel transactions across most major hotel brands including: Marriott, IHG, Best Western, Choice Hotels, Wyndham and Radisson Hotel Group. The company offers a wide range of hotel real estate services with an unwavering commitment to customer service. Hosting partners can be viewed online at www.lodging-partners.com.
About Hotel Brokers International
Founded in 1959, members of Hotel Brokers International lead the hotel real estate sales industry. HBI hotel brokerage specialists have successfully brokered over 11,000 hotel real estate transactions and consistently account for the largest share of all economy hotel sales and select services in the United States. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. In addition to hotel real estate advisory services, HBI offers affiliate membership to professionals in related fields, including franchising, lending, appraisal and investment services. For more information about HBI, HBI Members and their hotel listings or to become a Broker or Member Affiliate, visit www.hbihotels.com.
Ford C. Barton, Director
Hosting Partners, LLC
Charlotte, North Carolina
704.341.8488 | [email protected]
Glenda J. Webb, Executive Director
International hotel brokers
Kansas City, Missouri