The two lodges signing up for the portfolio are The Sandcastle Oceanfront Resort at the Pavilion and The Sandcastle Oceanfront Vacation resort South Beach front in Myrtle Beach.
With a combined 410 rooms, the pair of qualities will now be renovated.
The Sandcastle Oceanfront Resort at the Pavilion sits on the seashore and attributes two swimming pools and a lazy river. The Sandcastle Oceanfront Vacation resort South Beach front features indoor and outside pools, an oceanfront lawn space, and poolside cabana bar.
Ben Rafter, CEO of Springboard Hospitality, claimed: “We’re thrilled to welcome these two oceanfront resorts to the Springboard Hospitality household as we extend our existence across the southeast US.
“With Myrtle Beach front staying a common loved ones vacation location and getting 19 million visitors annually, we appear forward to transforming each qualities with refreshed guestrooms and general public areas and bringing in our skilled group and most effective-in-course technology.”
Springboard Expense Advisors (SIA), recommended on structuring the hotel’s management contract and co-expense along with Los Angeles-dependent Hybridge Capital Management. SIA offers money remedies and invests in attributes in a number of US markets, expanding Springboard Hospitality’s capabilities past management options.
Sean Williams, chief improvement officer, Springboard Hospitality, commented: “Alongside Springboard Hospitality and sponsor associates, Springboard Financial investment Advisors has executed around $200 million in lodge acquisitions and renovations in excess of the last three many years. Jointly with Hybridge, we are fired up to start off the up coming chapter for the two Sandcastle resorts.”
Essential destination advancement
Springboard Hospitality presently manages 41 homes totalling extra than 6,000 rooms, across 11 states. In the past two years it has improved its presence in important leisure destinations, like Kona, Hawaii Branson, Missouri Mammoth Spring, California, and Jackson, Wyoming – which join anchor properties in Los Angeles and San Francisco.
The Mammoth Spring house, Sierra Nevada Resort & Spa, is about to finish renovation, with the venture due to finish in March. The 1970-developed life-style hotel is undergoing updates to current lodge rooms and outside frequent places, introducing 30 resort cabins to the web-site to just take it to 151 keys.