For Sale
$23,000,000

101 Fantasy Harbour BlvdMyrtle Beach, SC 29579

150-Room Sheraton, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 150-key Four Points by Sheraton hotel in Myrtle Beach, South Carolina presents a lucrative investment opportunity. Boasting 100,284 square feet across six stories, this property underwent a complete $7 million renovation in 2021, encompassing all mechanical, electrical, plumbing, drywall, finishes, and sprinklers. Situated on a 4.32-acre lot (APN 426-05-04-0004) with HC zoning, it enjoys a prime location near major attractions like Family Kingdom Amusement Park, TopGolf, and Myrtle Beach International Airport, benefiting from high visibility on Highway 501 (AADT approximately 65,800 vehicles daily). The hotel, built in 1984, is uniquely positioned as the only hospitality property permitted along the intercoastal waterways, offering additional revenue potential through dockage, small office rentals, convention space, and a bar & grill. Currently generating over $6 million in revenue, and ranked #3 nationally for guest satisfaction among Four Points hotels, this property offers significant upside potential through enhanced management and marketing strategies to increase RevPAR to competitive set standards. The nationally recognized Four Points brand, coupled with Myrtle Beach's robust tourism (over 15 million annual visitors), ensures strong demand and a secure investment. This is a rare opportunity to acquire a high-performing, well-located hotel in a thriving market.

Highlights

  • Interior corridor access.
  • Recently completed a $7 million renovation, including all MEP systems, drywall, finishes, and sprinklers.
  • Ranks #3 nationally among Four Points by Sheraton hotels for guest satisfaction.
  • Recipient of Marriott's Best Opening award.
  • Potential to add a Director of Sales to boost revenue.
  • Grandfathered status protects against new hospitality development along the Intracoastal Waterway.

Property Details for 101 Fantasy Harbour Blvd

Property type
Hospitality properties, Motels
Square Feet
100,284 SF
Year Built/Renovated
1984/2021
Stories
6
Lot Size (sq. ft)
188,179 SF

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.7136334
Longitude
-78.9243601
101 Fantasy Harbour Blvd, Myrtle Beach, South Carolina

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101 Fantasy Harbour Blvd
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