Done Deals: Hybridge Capital Managemen acquires The Yachtsman Resort in Myrtle Beach, SC

Tuesday, February 20, 2024

Hybridge Capital Managemen acquires The Yachtsman Resort in Myrtle Beach, SC

Max B. Mellman

MYRTLE BEACH, SC, Feb. 20, 2024 –Hybridge Capital Management, a Los Angeles-based investment firm focused on commercial real estate and technology, announced that it has acquired The Yachtsman Resort located at 1304 North Ocean Boulevard in Myrtle Beach, South Carolina.

The deal was secured out of bankruptcy in an off-market transaction. The price was not disclosed.

Hybridge Capital Management now owns 569 hotel/resort keys in Myrtle Beach. The company intends to implement a capital improvement/renovation program to revitalize The Yachtsman Resort.

"With this acquisition, we further cement our goal to create a greater sense of place within the community,” said Max B. Mellman of Hybridge Capital Management. “The Yachtsman is an iconic piece of real estate in the Myrtle Beach community.”

Drew Rands

Mellman and Drew Rands of Max Benjamin Partners, Inc. and Austin Ghaderi of CBRE secured the financing on behalf of Hybridge Capital Management. The seller, Lemonjuice Solutions, was represented by Bhavesh (B.J.) Patel of Hodges Ward Elliott on the sale.

Hybridge Capital Management is an investment ﬁrm focused on commercial real estate and technology. HCM directly invests and partners with dynamic real estate investors and developers to provide equity capital for their acquisitions and new developments.

Austin Ghaderi

About Hybridge Capital Management

Based in Los Angeles, Hybridge Capital Management is an investment firm focused on investing in commercial real estate and technology through profound relationships, methodical analysis and industry-leading expertise