Southern Travel-August 2024

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Pinnekel redline

Sam's Club VueBeaches.com
 
   
Rocky Stephens, CEO
rocky[1]
 Hotel Vision - The Beverly Beach Hotel         Seeking partners to purchase. We manage partners enjoy.

 
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   VueBeaches.com


     VueMyrtleBeach.com

Pinnekel is pleased to present to qualified investors the Beverley Beach House, located at 2502 N Ocean Blvd, Myrtle Beach, SC 29577. The subject property is a 26-room six-story, interior-corridor, limited-service asset located on the oceanfront on North Ocean Blvd. The property, built in 1974, and renovated in 2019 sits on a 0.26-acre The hotel is conveniently located in Myrtle Beach, South C arolina and is nearby major cities like Charleston, South Carolina and Wilmington, North Carolina.

The current ownership spent over $1 Million on property renovations which included upgraded room furniture, mattresses, case goods, linens, bathtub refinishing, drapery, room locks and hardware in addition to modernizing and replacing the elevators, PTAC/HVAC upgrades, exterior repair, sealing and painting, exterior signage, roof repairs, fitness center and a few other upgrades. 
Why Pinnekel?

We hold a highly diversified portfolio of over 150 assets. Encluding SouthernBusinessVueBeaches.com , VueSOUTHCAROLINA.com and  VueMyrtleBeach.com. We employee our assets to reduce risk and signifianctly increase ROI to our partners. 

For a dataset comprised of 35 hotels under the Upscale and/or Upper-Midscale segments, the Myrtle Beach Oceanfront showed Occupancy of 62.4% and ADR of $174.44 in 2023. For the same dataset, the Myrtle Beach Oceanfront showed Occupancy of 58.7% and ADR of $172.11 in 2022. For the same dataset, the Myrtle Beach Oceanfront showed Occupancy of 59.6% and ADR of $165.10 in 2021 .

Similarly, for a dataset comprised of 88 hotels under the Upscale and/or Upper-Midscale segments the Myrtle Beach MSA showed Occupancy of 61.2% and ADR of $160.89 in 2023. For the same dataset, the Myrtle Beach MSA showed Occupancy of 58.2% and ADR of $158.51 in 2022. For the same dataset, the Myrtle Beach MSA showed Occupancy of 59.2% and ADR and $157.87 in 2021.

Based on the operating statistics reported by CoStar, rooms revenue upside exists for a prospective purchaser of the Beverley Beach House through a sophisticated, hands-on sales and rate management effort. Compared to the CoStar data presented for Myrtle Beach Oceanfront hotels in the Upscale and/or Upper-Midscale categories, the Beverley Beach House showed Occupancy penetration indexes of 87%, 83%, and 74%, in 2021, 2022, and 2023, respectively: achieving occupancy of 52% in 2021, 49% in 2022, and 46% in 2023, compared to the dataset which achieved Occupancy of 60%, 59%, and 62% (rounded) in 2021, 2022, and 2023, respectively. Similarly, compared to the data presented for Oceanfront hotels, the Beverley Beach House showed ADR penetration indexes of 79%, 94%, and 97% in 2021, 2022, and 2023, respectively: achieving ADR of $130 in 2021, $162 in 2022, and $170 in 2023, compared to the dataset which achieved ADR of $165, $172, and $174 (rounded) in 2021, 2022, and 2023, respectively. Overall, the Beverley Beach House achieved revenue per available room that was approximately 31% lower than the dataset in 2021, 21% lower than the dataset in 2022, and 28% lower than the dataset in 2023, signaling strong operational upside to a prospective purchaser. A prospective purchaser can utilize recent renovations bcompleted at the property to position the hotel as a premier lodging option on North Ocean Blvd on the Myrtle Beach Oceanfront to increase Occupancy and ADR, and thereby increase returns.

To learn more simply Email: rocky@SbizMag.com 

 Why parner with us?
 We will handel the day-to-day management of the hotel while   partners travel and enjoy a high ROI.


 We have the ability to significanlty increase revenues while lowering   expenses for this property. We can promote the property everyday at no cost, thus increasing revenues and ROI to partners.

 
VueBeaches.com 
  VueFLORIDA.com 
                                                                                         VueTampabay.com     

Southern
Business
Board Members
Bradley Pierece, Chairman BRADLEY jeans
Rocky Stephens, CEO Pinnekel
Richard Smith, retired CEO, FELCOR Lodging
                                                                                          
1621251820696  As a founder of a small business, I'm taken back from
  people that don't return calls or even simply reply to an Email.

  Nothing can happen until we simply communicate. Simply Email: rocky@SbizMag.com

    VueAutos.com           VueBoats.com        VueCamping.com        VuePets.com                  




 If you simply would like to dream with me or get more information about our  digital platforms -including partnership opportunities,  you can contact: rocky@CuriousDawg.com  - Together we can create jobs, NOW.


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 contact: j@SbizMag.com

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Pinnekel is committed to providing equal opportunity in employment to all applicants, and employees. Pinnekel does not discriminate in access to its employment and activities, or with respect to hiring conditions of employment, on the basis of race, color, national origin, religion, creed, sex, gender identity and expression, political affiliation, age, disability, veteran status, or sexual orientation. Pinnekel actively promotes diversity among employees.