Lodging Partners, LLC, a member of Hotel Brokers International, is pleased to announce it has arranged the sale of the 96-guestroom Quality Inn & Suites located on US-501 in Myrtle Beach, SC. Ford Barton, Managing Principal of Lodging Partners, exclusively marketed the Property and arranged the sale on behalf of the Seller.
We were able to create a very competitive bid process and, in the end, secure a strong regional buyer for this asset. We have seen a surge of hotel investors seeking opportunities in the Myrtle Beach market due to the mix of leisure demand generators coupled with the positive outlook of the region," says Barton.
This is the 7th hotel that Lodging Partners has sold in the Myrtle Beach market in the past two years. The sale of the Quality Inn & Suites reflects Lodging Partners' continued and unmatched success in the sale of hotel assets throughout the Carolinas.
Lodging Partners has had an advisory role on over $420 Million in recent hotel transactions across most major hotel brands, including: Marriott, IHG, Best Western, Choice Hotels, Wyndham, and Radisson Hotel Group.
About Lodging Partners: 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 Southeast. The firm has an unwavering commitment to client service and offers a range of hotel real estate services, including brokerage, valuation consulting, and strategic acquisition.
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. The organizations database currently comprises more than 100 property listings and the HBI website attracts site visitors from around the world. Founder and host of the popular Hotel Investors Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. 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 HBIs hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
For more information contact:
Ford C. Barton, Principal
Lodging Partners, LLC
Glenda J. Webb, Managing Director
Hotel Brokers International
Kansas City, Missouri
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