For immediate release
Lodging Partners, LLC is pleased to announce 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 flows and is in excellent condition following a major $1.65m 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 on this transaction. This sale is the 21st Hotel deal that Lodging Partners has been involved with in the Myrtle Beach market and the third hotel transaction arranged for the Seller.
Other recent sales completed by Lodging Partners in the 2nd quarter 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 region. Lodging Partners continues to see high levels of interest from Buyers seeking hospitality investments in all sizes, areas, and price ranges throughout the Carolina region.
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. Lodging Partners has had 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 firm offers a wide range of hotel real estate services with an unwavering commitment to client service. Lodging Partners may be accessed online at www.lodging-partners.com.
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 11,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales 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 hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals, and investment services. For more information about HBI, HBI members and their hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
Lodging Partners, LLC
Charlotte, North Carolina
Hotel Brokers International
Kansas City, Missouri
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