The 66-Unit, two-story Quality Inn & Suites Myrtle Beach is located directly across the street from the Atlantic Ocean and within walking distance to Family Kingdom Amusement Park, Splashes Water Park and the Myrtle Beach Boardwalk. The hotel, which sold for the $2.9-million asking price, was acquired by a regional hotel investor.
Ford C. Barton, principal at Lodging Partners, exclusively represented the seller, a locally-based group, on this transaction. "We have known and worked with the Seller over many years, and we’re delighted to have structured a very successful sale of this asset at the full asking price,” Barton said in a statement.
Lodging Partners is a specialized hotel brokerage and advisory firm focused on the sale of select service hospitality investment properties on behalf of institutional and private investors throughout the United States.