yachtsman for sale myrtle beach

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Yachtsman Resort to be sold at auction, with bids starting at $4.75 million

According to Ten-X , an auction of the 153 room Oceanfront Yachtsman Resort will begin online Feb. 13th – 16th.

The Yachtsman hotel stands at 10 stories high on 1304 & 1404 North Ocean Blvd in the City of Myrtle Beach, S.C. The property previously existed as a timeshare. The Ten-X site states the timeshare agreements have been terminated and the property can now be converted into a hotel.

The Yachtsman was built in 1982.

BJ Patel, managing director at Atlanta-based firm Hodges Ward Elliott, is listed as a key contact in the sale.

William M. Hodges and Michael Brandes of Hodges Ward Elliott are also listed as contacts for the pending sale. The Ten-X site reads “ Due to the termination of the previous timeshare agreement, 153 units are now available for purchase, including the land itself, ” according to a site description. “ Given that the property hasn’t received any capital expenditures since the last decade, a comprehensive guest-room focused overhaul will allow it to better compete against its competitive set and the market. ”

As found on the Ten-X website:

The Yachtsman is offered fee simple and unencumbered by existing management and debt, affording new ownership maximum flexibility in the future operation and capitalization of the property. Due to the termination of the previous timeshare agreement, 153 units are now available for purchase, including the land itself. Each of the 153 suite-style guestrooms features a kitchenette and living space, allowing maximum comfortability for the hotel’s guests. These suite-style rooms are perfectly tailored to the market, which receives a strong base of demand from family leisure travelers. Given that the property hasn’t received any capital expenditures since the last decade, a comprehensive guest room-focused overhaul will allow it to better compete against its competitive set and the market. As a newly renovated, all-suite style hotel, the property is anticipated to generate substantial incremental ADR and room revenue on a stabilized basis, which will flow directly to the bottom line and lead to significant cash flow gains for a new owner going forward.

Due to the property’s flexible zoning, in addition to hotel use, the property has potential for alterative use – (example – Multi-Family).

Continues an ongoing sea change of ownership in Myrtle Beach Hotels and businesses.

This sale continues a massive turnover in business ownership in Myrtle Beach, S.C.

In 2021 -2022, the oceanfront Myrtle Beach hotels changing ownership included:

• Brittain Resort Hotels  was purchased by E.O.S. Investors, LLC of N.Y.
• The  Sea Mist Resort  was put on the market for $55 million.
• Sand Castle Hotels sold to a L.A. Investment team.
• Kingston Resorts  purchased by E.O.S. Investors, LLC of N.Y.
• The  Family Kingdom  selling just this past Fall.
• The City of Myrtle Beach purchasing the  Fountain Bleu  and Oasis Motels.
• The City of Myrtle Beach purchased the Midtown Motel for $8.2 million in October.
• Better Brands Beer Distributors sold this past Friday, December 9th to Southern Crown Partners
• MB National, LLC, purchased the Oceanfront Monterey Bay and Suites in November 2022.

2022 will be remembered as one of the highest turnover periods of Myrtle Beach Hotels among key brand named properties in the city.

• Better Brands Beer Distributors
• Family Kingdom
• MB National
• Midtown Motel
• Monterey Bay
• Sand Castle Hotels
• William M. Hodges

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California real estate firm acquires Myrtle Beach hotel for 'higher-end' housing

by Brianna Allison

MYRTLE BEACH, S.C. (WPDE) — A Beverly Hills-based real estate firm has purchased the Yachtsman in Myrtle Beach.

The management partner of Hybridge Capital Max Mellman confirmed the sale to ABC15 on Thursday.

READ MORE: Potential land purchase could expand Lewis Ocean Bay Heritage Preserve by 350 acres

A release from Hybridge detailed that the “deal was secured out of bankruptcy through an off-market transaction.”

Mellman added that the company is looking to develop the 159 beachfront condominiums into 'higher-end' long-term housing.

"We're excited about the project and to add some additional housing to Myrtle Beach,” he said.

According to online records, the mortgage for the property is nearly $12 million.

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Yachtsman Oceanfront Resort

Listing Contacts

Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.

1304 N Ocean Blvd, Myrtle Beach, SC 29577

Marketing description, the opportunity.

RobertDouglas has been exclusively retained to solicit offers from qualified investors to acquire the dual-tower Yachtsman Oceanfront Resort (the “Hotel” or the “Yachtsman”) which has been a staple on Myrtle Beach for over 40 years and is one of the best-positioned assets on the beach.​ All 159 Yachtsman keys have unobstructed oceanfront views in addition to fully-equipped kitchens.​ Guests can also take advantage of the Hotel’s direct beach access, outdoor grills, two outdoor pools, four whirlpools, and shuffleboard court.​ Located in the heart of Myrtle Beach at the entrance to the 1.2-mile-long Boardwalk along the Atlantic Ocean, the Hotel is seconds from beloved attractions including the SkyWheel and Ripley’s Believe It or Not! museum.​ In addition to owning prime oceanfront real estate, the Hotel presents new owners with the opportunity to inject Myrtle Beach’s charm into the Hotel with numerous, actionable value enhancement opportunities.​  Key Investment Highlights include:

Condos create business plan flexibility

Premier beachfront destination

High barrier to entry, high demand market

Unencumbered of brand and management

Located in a Qualified Opportunity Zone ("QOZ")

Investment Highlights

Condominium Units:

With all 160 rooms at the Yachtsman previously “Condo’d” (one being independently owned), potential owners have maximum flexibility in business plan execution. Individual Condos could be sold off as with or without a rental pool program and a fractional ownership structure could be explored. This flexibility is further enhanced as each of the two 80-room towers could have a different execution to maximize value.

Premier Beachfront Location

The Yachtsman’s two beachfront towers control a total of 115 feet of pristine oceanfront beach access along the Myrtle Beach Boardwalk and Promenade in the heart of the city. In addition to every room having an ocean view, the Hotel is easily accessible from the airport and a short walk to the epicenter of the Boardwalk.

High Barrier to Entry Market / High Demand Market

In 2024, the Myrtle Beach area was named the Fastest Growing City in the United States for the 3rd year in a row, according to U.S. News & World Report; the city was also named the most moved-to place in the United States for the second year in a row, according to PODS Moving and Storage. Further, Myrtle Beach has realized tremendous population growth increasing by around 47% from 2010 to 2023 according to U.S. Census Data.

Unencumbered of Brand and Management

The all-suite rooms product – each with a kitchen – is unencumbered of brand providing flexibility for repositioning to drive ADR. Bringing a new institutional-quality Manager will have the opportunity to maximize the value of the Hotel today and in the future whether repositioned or not.

Located in a Qualified Opportunity Zone (“QOZ”) The Hotel lies within a Qualified Opportunity Zone (“QOZ”) which provides the potential investor with a unique opportunity to further enhance their returns by buying the property through the tax advantaged structure (QOZ). The investment returns can be further enhanced if the property is acquired with equity from capital gains.

Valuation Calculator

Valuation metrics, due diligence.

Due diligence information will be provided. Please reach out to the listing contacts for details.

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March 7, 2024

Lemonjuice Solutions Announces the Sale of The Yachtsman Resort

Lemonjuice solutions has completed the sale of the yachtsman resort to hybridge capital for $12.75 million..

ORLANDO, FL, US, March 5, 2024 / EINPresswire.com / —  Lemonjuice Solutions  has completed the sale of The Yachtsman Resort to Hybridge Capital for $12.75 million.

This oceanfront property, comprised of two towers and 160 units, was sold for $12.75 million, with the transaction finalized on January 31, 2024. Timeshare owners are set to receive an average of $2,643 per timeshare interest, contingent upon account balance and unit size.

Facilitating Positive Outcomes for Owners Located in Myrtle Beach, South Carolina, The Yachtsman Resort faced significant financial challenges, compounded by a diminishing owner base and severe structural issues.  Lemonjuice  stepped in back in 2018, providing financial support to keep the resort operational while undertaking necessary repositioning efforts.

This intervention not only sustained business operations but also ensured owners and guests continued to enjoy the resort's amenities during the evaluation and restructuring process. Lemonjuice also oversaw the structural repair project, resulting in savings of over $4 million for the owners, and addressed legal issues stemming from expired developer rights.

Regular communication channels, including mailings, phone outreach, and town hall meetings, were utilized to keep owners informed about progress and educated on their available options. The Lemonjuice team, led by CEO Alex Krakovsky and senior leadership, collaborated closely with the Board of Directors to devise tailored strategies addressing the unique challenges faced by The Yachtsman. Continuous engagement with owners and addressing their inquiries and concerns remained a priority throughout the process.

Alex Krakovsky, CEO of Lemonjuice Solutions, emphasized that The Yachtsman faced unique challenges and required close collaboration among all the stakeholders — This included keeping The Yachtsman operational until the sale's completion and ensuring transparency by conducting the sale under federal court supervision, given the property's size and complex legal, financial and title issues.

"The Yachtsman faced unique challenges and required close collaboration among all the stakeholders."

Overcoming Significant Challenges

Bobby G. Mitchell, Association President, sought Lemonjuice's assistance after identifying critical mismanagement issues that had pushed the resort to the brink of insolvency. Lemonjuice's intervention included the acquisition of several hundred intervals in 2018, followed by collaborative efforts with the Association to restore solvency through improved management practices, rental strategies, and maintenance fee collections.

A thorough evaluation of existing contracts revealed substantial overpricing in structural repair and other service agreements. With approval from the Board, Lemonjuice terminated these contracts and engaged more cost-effective and reputable service providers, resulting in significant savings for the association.

Mitchell acknowledged Lemonjuice's invaluable contributions, highlighting their expertise and professionalism, which played a pivotal role in averting bankruptcy and ensuring compliance with building codes during repairs.

Addressing Unexpected Obstacles Lemonjuice navigated various unforeseen challenges, including failed financial audits, legal claims, and legislative changes impacting timeshare laws in South Carolina. Through strategic interventions, including obtaining title insurance, Lemonjuice successfully concluded the sale of the property in February.

Continued Commitment to Owners Mitchell commended Lemonjuice for its transparency and expertise, expressing confidence in recommending their services based on their track record of professionalism and results-driven approach. Lemonjuice's successful track record includes the reimagination and sale of 12 former timeshare properties since 2016, returning over $70 million to timeshare owners. The company anticipates completing an additional 8 properties in 2024 under its Resorts Reimagined™ program.

About Lemonjuice: Lemonjuice Solutions specializes in strategic planning, investment capital, and professional management for timeshare and mixed-use properties. Distinguished by its solutions-oriented approach, Lemonjuice aligns its interests with stakeholders by investing its own capital and resources. The Resorts Reimagined™ program exemplifies Lemonjuice's commitment to revitalizing legacy timeshare resorts and creating value for owners.

For inquiries about Resorts Reimagined™ and Lemonjuice Solutions services, please contact Jan Barrow at 863-602-8804 or via email at [email protected].

7380 W. Sand Lake Rd., Suite 130 | Orlando, FL 32819 (321) 754-1033 [email protected]

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Hybridge Capital Acquires Yachtsman Resort in Myrtle Beach Out of Bankruptcy

MYRTLE BEACH, S.C. — Hybridge Capital Management has purchased The Yachtsman Resort, a 159-room hotel located at 1304 N. Ocean Blvd. in Myrtle Beach. The Los Angeles-based investor acquired the hotel, which was built in 1982, out of bankruptcy in an off-market transaction.

Bhavesh Patel of Hodges Ward Elliott represented the seller, Maryland-based Lemonjuice Solutions, in the transaction. The sales price was not disclosed. Max Mellman and Drew Rands of Max Benjamin Partners Inc., along with Justin Ghaderi of CBRE, secured an undisclosed amount of acquisition financing for the deal.

Hybridge Capital, which now owns 569 hotel/resort rooms in Myrtle Beach, plans to implement a capital improvement program to restore The Yachtsman. Details about the renovation were not disclosed.

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1-800-640-6886 Intl: 813-902-9743

Myrtle Beach, South Carolina is one of the most popular family vacation destinations in the country, and the Yachtsman Resort is perfectly located near all of the top attractions. When you find these Myrtle Beach timeshares for sale, you will be able to buy time in your own vacation condo in this desirable destination for an affordable price.

Yachtsman Resort is located at the entrance to the famous Boardwalk and just a few steps from the SkyWheel and other attractions. Along with the theme rides and other activities on the beach, you will find championship golf courses, tennis courts, deep-sea fishing, outlet shopping as well as the daily activities offered at the resort. Your family will be able to enjoy a relaxing and rejuvenating vacation every year that will not break your budget. 

Quality Accommodation with All the Essentials

You can choose between a studio suite, a one or two-bedroom unit. All units have a fully equipped kitchen, dining room, whirlpool tub, entertainment system with cable TV and wireless Internet access. All units are oceanfront with spectacular views of the Atlantic Ocean. The Yachtsman Resort even has an indoor and an outdoor pool as well as an activity room.

When you find Myrtle Beach timeshares for sale at Yachtsman Resort, it is your opportunity to have a vacation unit without the worries of figuring out kitchen utensils, bed linen and towels and regular maintenance. You and your family just need to arrive and head straight for the beach.

Myrtle Beach is Fun for Everyone

The local attractions are many, including Ripley’s Aquarium, Barefoot Landing, and Brookgreen Gardens. The resort may arrange discounted tickets for many attractions and help organize your vacation so you do not miss a thing. If you would like to visit another destination, your Myrtle Beach timeshare is a great advantage for exchanging for another destination through an exchange service. Here is your chance to have a perfect vacation every year at a price you can afford.

Contact Yachtsman Specialist Today!

What can we help you with.

• Selling my Timeshare
• Buying a Timeshare
• Renting my Timeshare
• Find a vacation Rental
• Resort Details
• Attractions
• Biennial Even Years
• Biennial Odd Years
• Quarter-Share

Unit Amenities

• Cable/Satellite
• Fully Equipped Kitchen
• In-Room Safe
• Whirlpool Tub

Onsite Amenities

• Activity Room/ Programs
• Children's Pool
• Discounts To Area Attractions, Shows, and Golf Courses
• Handicapped Accessible
• Indoor Pool
• Outdoor Swimming Pool
• Shuffleboard

Other Amenities

• Carolina Opry
• Live Entertainment
• Movie Theaters
• Restaurants
• Water Parks

Days: Saturday / Time: 3:00 P.M.

• World Tour Golf Links 3.21 Miles
• Wild Wing Plantation - The Avocet 12.78 Miles
• Wild Wing Plantation - Humminghird 12.78 Miles
• Wild Water & Wheels 6.09 Miles
• Wicked Stick Golf Links 6.09 Miles
• Waterway Hills Golf Club 1.15 Miles
• Wachesaw Plantation East 12.74 Miles
• TPC Myrtle Beach 12.74 Miles
• Tidewater Golf Club & Plantation 16.78 Miles
• The Wizard Golf Course 3.21 Miles
• The Witch 12.78 Miles
• The Long Bay Club 15.51 Miles
• The Links at Cypress Bay 19.43 Miles
• The Legends 0 Miles
• The International Golf Club of Myrtle Beach 12.74 Miles
• The Dunes Golf & Beach Club 7.74 Miles
• Shaftesbury Glen Golf and Fish Club 12.78 Miles
• River Oaks Golf Plantation 3.21 Miles
• River Hills Golf & Country Club 19.43 Miles
• Quail Creek Golf Club 12.78 Miles
• Prestwick Country Club 6.09 Miles
• Possum Trot Golf Club 16.78 Miles
• Pine Lakes International Country Club 0 Miles
• Myrtlewood Golf Club -PineHills Course 0 Miles
• Myrtlewood Golf Club 0 Miles
• Myrtle Waves 0 Miles
• Myrtle Beach National Golf Club 1.15 Miles
• Myrtle Beach International Airport 0 Miles
• Man O' War Golf 3.21 Miles
• Island Green Golf Club 7.36 Miles
• Indigo Creek Golf Plantation 12.74 Miles
• Indian Wells Golf Club 12.74 Miles
• Heron Point Golf Club 7.36 Miles
• Heather Glen Golf Links 19.43 Miles
• Harbour View Golf Complex 19.43 Miles
• Grande Dunes 3.21 Miles
• Glen Dornoch Waterway Golf Links 19.43 Miles
• Family Kingdom 0 Miles
• Eagle Nest Golf Club 19.43 Miles
• Cypress Bay Golf Club 19.43 Miles
• Burning Ridge Golf Club 12.78 Miles
• Blackmoor Golf Club 12.74 Miles
• Black Bear Golf Club 15.51 Miles
• Beachwood Golf Club 16.78 Miles
• Barefoot Resort & Golf - Norman Course 16.78 Miles
• Barefoot Resort & Golf - Love Course 16.78 Miles
• Barefoot Resort & Golf 16.78 Miles
• Azalea Sands Golf Club 16.78 Miles
• Arrowhead Country Club 3.21 Miles
• Arcadian Shores Golf Club 7.74 Miles
• Aberdeen Country Club 15.51 Miles

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Yachtsman Ocean Front Resort

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Photos of Yachtsman Ocean Front Resort

About Yachtsman Ocean Front Resort

• Entire house You'll have the place all to yourself
• Freebies This stay includes Wi-Fi for free

Latest deals for Yachtsman Ocean Front Resort

Amenities at yachtsman ocean front resort.

• Air-conditioned
• Coffee machine
• Indoor pool
• Increased accessibility
• Fire extinguisher

Accessibility and suitability

• Beach towels

Parking and transportation

Media and entertainment

• Iron and ironing board

Health and safety

• First-aid kit

Reviews of Yachtsman Ocean Front Resort

The questions and answers provided in this section are generated by an artificial intelligence model based on a summarization of user hotel reviews and hotel information. See more

They offer insights and recommendations from previous guests and hotel information to help future visitors enhance their stay at the hotel.

What's nearby

• SkyWheel Myrtle Beach 202 yd
• The Pavilion 0.5 mi
• Mount Atlanticus Miniature Golf 0.5 mi
• Captain Hook's Adventure Golf 0.6 mi
• New South Brewing 0.8 mi
• Grand Strand 0.8 mi
• Pelicans Ballpark 1.2 mi
• Family Kingdom Amusement Park 1.3 mi
• Ripley's Aquarium 1.4 mi
• Broadway at the Beach 1.4 mi
• NASCAR Speedpark 1.8 mi
• Myrtle Waves 1.9 mi

Essential information about Yachtsman Ocean Front Resort

When to book a room at Yachtsman Ocean Front Resort

Top tips for your stay at yachtsman ocean front resort.

• If you’re after a cheap room at Yachtsman Ocean Front Resort, then you should consider staying during the low season. The cheapest deals can generally be found in December and November.
• Prices can also vary depending on which day of the week you stay. For the best room deals at Yachtsman Ocean Front Resort, plan to stay on a Saturday or Sunday. The most expensive day is usually Friday.
• The cheapest price a room at Yachtsman Ocean Front Resort was booked for on KAYAK in the last 2 weeks was $80, while the most expensive was $184.
• How long should you stay at Yachtsman Ocean Front Resort? KAYAK users usually book their rooms here for 3 days.

FAQs when booking at Yachtsman Ocean Front Resort

Where is yachtsman ocean front resort located.

Yachtsman Ocean Front Resort is located at , 0.8 miles from the center of Myrtle Beach. SkyWheel Myrtle Beach is the closest landmark to Yachtsman Ocean Front Resort.

When is check-in time and check-out time at Yachtsman Ocean Front Resort?

Check-in time is 3:00 PM and check-out time is 10:00 AM at Yachtsman Ocean Front Resort.

Does Yachtsman Ocean Front Resort offer free Wi-Fi?

Yes, Yachtsman Ocean Front Resort offers free Wi-Fi.

How far is Yachtsman Ocean Front Resort from the airport?

Yachtsman Ocean Front Resort is 2.8 miles from Myrtle Beach Intl. Yachtsman Ocean Front Resort is 59.1 miles from Florence.

Does Yachtsman Ocean Front Resort have a pool?

Yes, Yachtsman Ocean Front Resort has a pool onsite.

How does KAYAK find such great Yachtsman Ocean Front Resort hotel deals?

KAYAK scours the web for all room deals available at Yachtsman Ocean Front Resort in Myrtle Beach and lets you compare them to find the best rate for your stay. Many different travel sites will offer discounts or deals at different times for rooms at Yachtsman Ocean Front Resort and KAYAK will provide you with prices from a huge range of travel sites. That means that you can always find a great deal for Yachtsman Ocean Front Resort.

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A myrtle beach motel with a pool near the ocean is for sale. here’s the asking price.

Another motel near the ocean in the Myrtle Beach area is for sale on LoopNet.

The Happy Holiday Motel at 507 North Ocean Blvd. is for sale for $6.9 million. According to the LoopNet listing, the 64-room, four-floor property was first built in 1968.

Posted on LoopNet May 8, 2024, the listing last received an update August 16, 2024. It isn’t the first time the motel went up for sale in the last five years.

Horry County Land Records states the market value for the property is $1.9 million, having last been sold for about two million dollars in 2022.

David Adam, a real estate professional representing the property on LoopNet, did not return a request for comment before publication.

The Happy Holiday also isn’t the only hotel for sale in the Myrtle Beach area near the ocean right now.

Indigo Tower, a 54-room high-rise near the ocean, is also for sale on LoopNet for $7.4 million. The Lily & Bloom hotel is also for sale on LoopNet for $2.59 million, which, despite having a recent renovation, evokes the mid-century motel vibe. The Lily & Bloom is a 26-room hotel built in 1950.

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