MBSC Property LLC Acquires Hotel On 1802 North Ocean Blvd In Myrtle Beach, SC For $15.3M

The property at 1802 North Ocean Blvd in Myrtle Beach, SC has been sold. This property is a hotel, consisting of 240 keys. The sale took place on 12/01/2022, and the buyer is MBSC Property LLC, while the seller is Airport Properties Inc. The transaction was completed for a total sale price of $15,300,000, with an average price per key of $63,750.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $15,300,000
• Address: 1802 North Ocean Blvd, Myrtle Beach, SC
• Market: Myrtle Beach, SC
• Buyer: MBSC Property LLC
• Seller: Airport Properties Inc
• Keys: 240
• Price Per Key: $63,750

The successful completion of this sale involved the buyer, MBSC Property LLC, and the seller, Airport Properties Inc. The hotel property, located at 1802 North Ocean Blvd in Myrtle Beach, SC, offers a prime location in a desirable market. The transaction showcases the continued investment and growth in the hospitality industry in Myrtle Beach.