Friday, June 30, 2023

JLL Capital Markets arranges $8 million financing for the 121-room Sandbar Hotel, Trademark Collection by Wyndham in Myrtle Beach, SC

  

Amy Lousararian

BOSTON, MA –  JLL Capital Markets has arranged $7.59 million in financing for the121-room Sandbar Hotel, Trademark Collection by Wyndham in Myrtle Beach, SC.

 

JLL worked on behalf of the borrower, Linchris Hotel Corporation, to secure the first mortgage refinancing through HarborOne Bank.

The Sandbar Hotel, Trademark Collection by Wyndham is a beachfront hotel comprised of four separate buildings.

The main building and the adjacent “south building” contain 88 total guest rooms, the oceanfront building consists of 27 guest rooms, and there are two, three-bedroom cottages located one street behind the main building.

 Henry Schaffer

Additionally, the hotel includes four one-bedroom apartments and an additional parcel of land currently being used for 28 parking spaces.

Located along the beach at 1804 South Ocean Blvd., the hotel is well-positioned to attract the diverse customer base of Myrtle Beach’s 20 million annual visitors.

The hotel is located in close proximity to the Myrtle Beach International Airport and many popular tourist attractions including beaches, restaurants and several world-class golf courses.

 Further, the hotel boasts top-tier amenities that include a heated indoor pool and hot tub, an outdoor pool with a lazy river and hot tub, a 24-hour business center, a 24-hour fitness center, a breakfast area and direct beach access.

Sandbar Hotel, Trademark Collection by Wyndham 
Myrtle Beach, SC

Formerly a Best Western Plus, the hotel was rebranded to The Sandbar Hotel as part of the Trademark collection by Wyndham in September 2022.

The JLL Capital Markets team was led by Senior Directors Amy Lousararian and Henry Schaffer.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

 

 

CONTACT:

 

Alli Semans,

 Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com

 

jll.com. 

linchris.com

 

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