The asset involved in this transaction is a hotel located at 1601 North Ocean Boulevard in Surfside Beach, SC, consisting of 206 keys. The property was refinanced with a loan amount of $23,600,000. Innisfree Hotels and RREAF Holdings acquired and rebranded the 11-story beachfront property known as the Holiday Inn Resort in late 2023.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $23,600,000
• Address: 1601 North Ocean Boulevard
• Market: Surfside Beach, SC
• Asset Keys: 206
• Landlord: Innisfree Hotels & RREAF Holdings
• Broker: Cronheim Hotel Capital
• Loan Date: 05/13/2025

Cronheim Hotel Capital played a key role in securing the loan for refinancing the property. This transaction is significant as it marks the continued investment in the hospitality sector by Innisfree Hotels and RREAF Holdings following their acquisition and rebranding of the property.