US management company welcomes Myrtle Beach pair with overhaul

US management company welcomes Myrtle Beach pair with overhaul

The two lodges signing up for the portfolio are The Sandcastle Oceanfront Resort at the Pavilion and The Sandcastle Oceanfront Resort South Beach front in Myrtle Beach.

Beachside duo

With a combined 410 rooms, the pair of properties will now be renovated.

The Sandcastle Oceanfront Vacation resort at the Pavilion sits on the seaside and functions two swimming pools and a lazy river. The Sandcastle Oceanfront Vacation resort South Beach front presents indoor and outdoor pools, an oceanfront garden place, and poolside cabana bar.

Refreshment information

Ben Rafter, CEO of Springboard Hospitality, mentioned: “We’re thrilled to welcome these two oceanfront resorts to the Springboard Hospitality loved ones as we extend our existence throughout the southeast US.

“With Myrtle Seashore getting a well-liked relatives family vacation place and receiving 19 million site visitors on a yearly basis, we glance forward to transforming the two properties with refreshed guestrooms and general public areas and bringing in our specialist staff and most effective-in-class engineering.”

Up coming chapter

Springboard Investment Advisors (SIA), recommended on structuring the hotel’s management contract and co-investment together with Los Angeles-based Hybridge Cash Administration. SIA offers funds options and invests in qualities in a number of US marketplaces, increasing Springboard Hospitality’s abilities over and above administration methods.

Sean Williams, main progress officer, Springboard Hospitality, commented: “Alongside Springboard Hospitality and sponsor companions, Springboard Expenditure Advisors has executed above $200 million in lodge acquisitions and renovations over the very last a few a long time. Collectively with Hybridge, we are enthusiastic to commence the future chapter for the two Sandcastle resorts.”

Critical spot growth

Springboard Hospitality at the moment manages 41 homes totalling additional than 6,000 rooms, throughout 11 states. In the past two a long time it has increased its existence in important leisure locations, which includes Kona, Hawaii Branson, Missouri Mammoth Spring, California, and Jackson, Wyoming – which be a part of anchor qualities in Los Angeles and San Francisco.

The Mammoth Spring home, Sierra Nevada Vacation resort & Spa, is about to full renovation, with the job because of to finish in March. The 1970-developed life-style lodge is undergoing updates to existing resort rooms and outdoor prevalent areas, incorporating 30 vacation resort cabins to the web site to just take it to 151 keys.