101 Fantasy Harbour BlvdMyrtle Beach, SC 29579
- Hospitality properties
- 100,248 SF
Property Details for 101 Fantasy Harbour Blvd
- Year built
- 1984
- Construction
- CONCRETE
- Lot size
- 4.32 AC
- Property size (Sq ft)
- 100,248 SF
- Zone code
- HC
- Property type
- Hospitality properties
- Property subtype
- Hotels
- APN
- 426-05-04-0004
- APU
- 42605040004
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $20,002,800
- 6.5%
- $18,464,124
- 7%
- $17,145,258
-
Comparable approach
- Method
- Valuation
- Relative Method
- $24,732,050
- Geo Method
- $54,075,676
-
Alternative Use
- Use
- Valuation
- Residential
- $20,157,458
- Hospitality
- $18,464,124
- Educational
- $15,361,934
- Medical
- $15,890,254
- Retail
- $23,896,342
Location Insight
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Latitude
- 33.714
- Longitude
- -78.9241
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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