Blue Water Development Acquires Hotel In Atlantic Beach, NC For $18M

The hotel located at 511 Salter Path Road in Atlantic Beach, NC, has been sold for a price of $18,000,000. The property consists of 102 keys and was acquired by Blue Water Development. The transaction was facilitated by Benjamin Yelm, Robert Hunter, Leo Reilly, and McLean Hicklin from Marcus & Millichap.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $18,000,000
• Address: 511 Salter Path Road, Atlantic Beach, NC
• Market: Atlantic Beach, NC
• Buyer: Blue Water Development
• Brokers: Benjamin Yelm, Robert Hunter, Leo Reilly, and McLean Hicklin - Marcus & Millichap
• Keys: 102

Benjamin Yelm, Robert Hunter, Leo Reilly, and McLean Hicklin from Marcus & Millichap played a crucial role in representing the buyer, Blue Water Development, in this hotel acquisition transaction at 511 Salter Path Road.