Myrtle Beach Hotels and Resorts Transform the Market

News Summary

In 2024, Myrtle Beach sees a surge in hotel and resort listings, shifting the real estate dynamics for independent hoteliers. Notable properties include historic establishments and newly renovated hotels, attracting investors. The closure of the Sea Dip Ocean Front Resort opens the door for new developments, indicating a shift in the perception of hotels as investment assets. With numerous buying opportunities, Myrtle Beach is becoming a hotspot for savvy investors.

Myrtle Beach Hotels and Resorts Flood the Market as Real Estate Dynamics Shift

In the sunny haven of Myrtle Beach, 2024 has brought a surprising wave of hotels and resorts hitting the market, changing the game for local independent hoteliers. As the landscape of real estate continues to shift, many properties are being listed, drawing comparisons to sizzling markets like Miami, Florida. With numerous listings available, potential buyers might just find their dream getaway here!

Old Meets New: Historic Properties for Sale

Among the many properties listed, one notable gem is a vintage apartment complex at 2010 South Ocean Blvd. Known in its heyday as the Rosen Sea Inn, this complex was built way back in 1968 and is currently on the market for a whopping $7.25 million as of April 8, 2025. It has had its ups and downs, especially after being labeled a nuisance by a judge in 2020. Just last January, the land itself sold for $4 million, showing some financial movement in the area.

Shifting Ownership: The Red Tree Inn/Oasis Hotel

Another significant listing making waves is the Red Tree Inn/Oasis Hotel. This property has a rich history, having been built in 1974. It’s now listed for nearly $7 million on LoopNet as of November 18, 2024. Interestingly, it sold for $5.1 million just last June—quite the jump in price! As investors eye this property, it’s clear the Myrtle Beach market is capturing attention.

New Facilities Join the Scene

In late March 2025, the Indigo Hotel at 2209 South Ocean Blvd made headlines with its asking price of $7.9 million. Originally constructed in 1974, this hotel just underwent a facelift with renovations completed in 2025 and was previously sold for less than $3.9 million in February 2024. It’s now the second priciest hotel on the Grand Strand as of April 2025, right after the Four Points By Sheraton, which lists at an eye-popping $23 million.

Historical Changes: Sea Dip Ocean Front Resort Closes Doors

In a bittersweet turn of events, the Sea Dip Ocean Front Resort announced its closure after a remarkable run of 54 years. This beloved local spot shared the news on social media, indicating that a shiny new building by the Drury Hotel chain will take its place, bringing hope for new jobs and fresh experiences.

Small Hotels Still Making Waves

For those interested in smaller properties, the 300 Tenth Hotel, a 32-unit establishment at 300 10th Ave. North, has been listed for around $4.3 million on Zillow since December 2024. Built in 1955, this nostalgic hotel has been freshly renovated and is represented by a Realtor who knows the market well. It previously sold for $2.85 million in September 2021 and has been looking for a new owner for five years. The financial landscape can be tough for those looking to invest in these smaller, family-run hotels, which saw an increase in popularity a few years back.

A Look Ahead at Myrtle Beach’s Hotel Market

These developments indicate a shifting perception of hotels as investment assets rather than just vacation spots, a trend noted by analysts watching the real estate market closely. Buying opportunities abound, and with a bustling tourism scene, Myrtle Beach could be a potential gold mine for savvy investors looking to capitalize on this accessible and vibrant market.

The real estate scene in Myrtle Beach is undoubtedly heating up as available properties continue to rise, making this an exciting time for both buyers and sellers alike. Whether it’s historic properties, market-valued hotels, or shiny new facilities, Myrtle Beach is set for an intriguing future!

Deeper Dive: News & Info About This Topic

HERE Resources

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Myrtle Beach Residents Sue Marriott Over Bed Bug Nightmare
Myrtle Beach Woman Sues Red Roof Inn Over Neck Injury
Indigo Hotel in Myrtle Beach Lists for $7.9 Million
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Whispering Pines Golf Club in Myrtle Beach Undergoes Renovation
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Additional Resources

• Myrtle Beach Online: Article on Hotel Market Trends
• Wikipedia: General Information
• AOL: Myrtle Beach Oceanfront Hotel Sale
• Google Search: Myrtle Beach hotels
• WMBF News: Myrtle Beach Hotel Closure
• Encyclopedia Britannica: Myrtle Beach
• Myrtle Beach Online: Update on Hotel Developments
• Google News: Myrtle Beach real estate
• Myrtle Beach Online: Business Insights