Lodging Partners announces sale of Quality Inn & Suites, Myrtle Beach, South Carolina

For immediate release
[Myrtle Beach, South Carolina]

Lodging Partners announces sale of Quality Inn & Suites, Myrtle Beach, South Carolina

Lodging Partners, LLC, a member of Hotel Brokers International, is pleased to announce it has arranged the sale of the Quality Inn & Suites Myrtle Beach, South Carolina. The 65-Unit, eight-story Quality Inn & Suites Myrtle Beach has sold to a regional owner/operator of select-service hotels. The Hotel is well located directly across the street from the Atlantic Ocean and within walking distance of Family Kingdom Amusement Park, Splashes Water Park, and the Myrtle Beach Boardwalk. Lodging Partners exclusively represented the Seller on this transaction.

“This is the 20th Hotel deal that we have been involved with in the Myrtle Beach market, and we were very pleased to assist the Seller in reaching their goals and objectives during the challenging COVID-19 environment,” noted Ford C. Barton.

Other recent sales completed in 2021 by Lodging Partners include the sale of 3 mid-market extended-stay hotels: the Affordable Corporate Suites located in Concord, North Carolina, Statesville, North Carolina, and Kannapolis, North Carolina.

We continue to see strong investor interest in hotels throughout the Carolina region and remain bullish on the long-term secular trends in our industry. Lodging Partners has multiple other properties under contract and projects 2021 to be a very healthy year for hotel transactions. If you own a hotel in the Southeast and would consider offers to purchase your property, now is an incredible time to explore your options before the potential change in capital gains tax. Lodging Partners is seeing high levels of interest from Buyers seeking hospitality investments in all sizes, areas, and price ranges.

About Lodging Partners, LLC

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. Over the past 7 years, Lodging Partners has had an advisory role on 110 hotel assets with over $475 Million in sales. The firm offers a wide range of hotel real estate services, including brokerage, valuation consulting, and strategic acquisition planning and has an unwavering commitment to client service. In addition to selling hotels, Lodging Partners also coordinates the sale and purchase of hotel notes, arranges preferred equity & recapitalization, and manages auctions through the Ten-X platform, where the firm recently sold 10 hotels. Lodging Partners may be accessed online at www.lodging-partners.com.

About Hotel Brokers International

Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 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.

Contact:

Ford C. Barton, Principal

Lodging Partners, LLC
Charlotte, North Carolina
704.341.8488 | ford@lodging-partners.com

Glenda J. Webb, Executive Director

Hotel Brokers International
Kansas City, Missouri
816.505.4315 | gwebb@hbihotels.com

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