News

18 Jun2018

Hunter Hotel Advisors Announces Sale of the Courtyard by Marriott Myrtle Beach - Barefoot Landing, South Carolina

For immediate release

Contact:  Nancy Petenbrink, Hunter Hotel Advisors

Nancy.Petenbrink@HunterHotels.net or 770-916-0300

 

                     ATLANTA, June 18, 2018 – Hunter Hotel Advisors announced today that they represented the Vista Hospitality Group in the sale of the 157-room Courtyard by Marriott Myrtle Beach - Barefoot Landing in Myrtle Beach, South Carolina. Seller, Vista Hospitality, is a hospitality management company of the Americas that specialize in the ownership, management and development of hotels, resorts and related commercial real estate. The buyer, AD1 Global, is a fully integrated privately-held hospitality company located in Hollywood, Florida. They specialize in all facets of the hospitality industry, ranging from strategic acquisitions and new developments, to renovations and management services. According to Shamir Patel, the Hunter Hotel Advisor broker that represented the seller and buyer on this transaction, “This was a unique deal that allowed Hunter Hotel Advisors to merge two long time clients of our firm on the disposition and sale of a really great property. The Barefoot Landing market is seeing significant growth and has really become the upscale epicenter of Myrtle Beach.”

                     Myrtle Beach’s economy is dominated by the tourism industry and it is the most popular family style vacation destination in the Carolinas. Attracting more than 14 million visitors each year, Myrtle Beach is a popular destination for snowbirds escaping northern climates in search of warm weather and sandy beaches. Myrtle Beach is the nation’s second fastest growing MSA for the second year in a row. The area is also known as the “Golf Capital of the World” as there are approximately 120 golf courses located throughout the region, with more than 1,900 restaurants situated nearby helping to service visitors from across the United States and around the world. The hotel itself sits within Barefoot Landing, North Myrtle Beach, which is a large mixed-use development comprising national retailers, unique boutiques and amusement attractions located adjacent to the Intracoastal Waterway. Today Barefoot Landing has over 100 stores and restaurants in a serene lake setting, plus it features adjoining entertainment areas with the Alabama Theatre, House of Blues and Alligator Adventure, which is one of the largest reptile zoos in the world.

 

******

About Hunter Hotel Advisors:

Hunter Hotel Advisors is the nation’s leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory, and capital markets services of any size or complexity. With 40 years of experience in both full and select-service single assets and portfolios, the firm’s capacity in valuation, economic analysis, and industry relationships have allowed Hunter to consistently maximize value regardless of market conditions. For additional information, visit www.hunterhotels.net or contact the Atlanta headquarters at 770-916-0300.

 

About the Vista Hospitality Group:

Offering more than 1,900 rooms at its hotels and resorts in Ontario, New York, Maryland, South Carolina and Florida, Vista has received numerous awards for excellence in hotel management. With offices in Kitchener-Waterloo, ON and Binghamton, NY, Vista also owns and operates more than one million square feet of office buildings, shopping malls and retirement home properties in Ontario and Florida. The Vista Hospitality Group is well positioned to leverage its quality assets into unique value for potential purchasers.  Vista offers sophisticated and modern information management systems that form the basis of a highly efficient and effective organizational structure. The Vista executive team is extremely diverse, and has acquired a reputation for proven performance at all of its properties. More information is available at www.vistahospitality.com

Join our Mailing List to receive
announcements on new hotels for sale

Click Here