March 10, 2020
Morgan Stanley has provided a $32.5 million loan to refinance the 227-key Hampton Inn & Suites Myrtle Beach Oceanfront in Myrtle Beach.
Located at 1801 and 1803 South Ocean Blvd., the property is located directly on the beach and features two lazy rivers, three outdoor pools, four indoor pools and a water play area. The hotel is also nearby shops, dining and entertainment.
Adam Schenkman of GrowthStar Capital arranged the financing on behalf of the undisclosed borrower. Terms of the CMBS financing included a 10-year fixed-rate.
For comments, questions or concerns, please contact David Cohen