2502 Ocean BlvdMyrtle Beach, SC 29577

This 26-key, six-story oceanfront hotel in Myrtle Beach, South Carolina boasts 14,964 square feet on a 0.26-acre lot. Built in 1974 and extensively renovated in 2019 (over $1 million invested), the property features upgraded rooms, elevators, HVAC systems, and exterior improvements. Its prime location on North Ocean Boulevard (5,100 vehicles per day) and near North Kings Highway (25,800 vehicles per day) offers high visibility. Financial data, including revenue, NOI, ADR, and occupancy, is available upon request and execution of a confidentiality agreement. The hotel's current occupancy and ADR are below market averages for comparable upscale/upper-midscale oceanfront properties in Myrtle Beach, indicating significant potential for revenue growth under active management. The property is offered fee simple, unencumbered by debt or third-party management, presenting a unique opportunity for an owner-operator to implement aggressive sales and rate management strategies to maximize profitability. Proximity to Charleston and Wilmington provides access to a larger regional market.