California real estate firm acquires Myrtle Beach hotel for 'higher-end' housing

by Brianna Allison

A Beverly Hills-based real estate firm Hybridge Capital purchased the Yachtsman in Myrtle Beach in February 2024. (Credit: Hybridge Captial Management)

MYRTLE BEACH, S.C. (WPDE) — A Beverly Hills-based real estate firm has purchased the Yachtsman in Myrtle Beach.

The management partner of Hybridge Capital Max Mellman confirmed the sale to ABC15 on Thursday.

READ MORE: Potential land purchase could expand Lewis Ocean Bay Heritage Preserve by 350 acres

A release from Hybridge detailed that the “deal was secured out of bankruptcy through an off-market transaction.”

Mellman added that the company is looking to develop the 159 beachfront condominiums into 'higher-end' long-term housing.

"We're excited about the project and to add some additional housing to Myrtle Beach,” he said.

According to online records, the mortgage for the property is nearly $12 million.

Lemonjuice Solutions Logo

March 7, 2024

Lemonjuice Solutions Announces the Sale of The Yachtsman Resort

Lemonjuice solutions has completed the sale of the yachtsman resort to hybridge capital for $12.75 million..

ORLANDO, FL, US, March 5, 2024 / EINPresswire.com / —  Lemonjuice Solutions  has completed the sale of The Yachtsman Resort to Hybridge Capital for $12.75 million.

This oceanfront property, comprised of two towers and 160 units, was sold for $12.75 million, with the transaction finalized on January 31, 2024. Timeshare owners are set to receive an average of $2,643 per timeshare interest, contingent upon account balance and unit size.

yachtsman resort myrtle beach bankruptcies

Facilitating Positive Outcomes for Owners Located in Myrtle Beach, South Carolina, The Yachtsman Resort faced significant financial challenges, compounded by a diminishing owner base and severe structural issues.  Lemonjuice  stepped in back in 2018, providing financial support to keep the resort operational while undertaking necessary repositioning efforts.

This intervention not only sustained business operations but also ensured owners and guests continued to enjoy the resort's amenities during the evaluation and restructuring process. Lemonjuice also oversaw the structural repair project, resulting in savings of over $4 million for the owners, and addressed legal issues stemming from expired developer rights.

Regular communication channels, including mailings, phone outreach, and town hall meetings, were utilized to keep owners informed about progress and educated on their available options. The Lemonjuice team, led by CEO Alex Krakovsky and senior leadership, collaborated closely with the Board of Directors to devise tailored strategies addressing the unique challenges faced by The Yachtsman. Continuous engagement with owners and addressing their inquiries and concerns remained a priority throughout the process.

Alex Krakovsky, CEO of Lemonjuice Solutions, emphasized that The Yachtsman faced unique challenges and required close collaboration among all the stakeholders — This included keeping The Yachtsman operational until the sale's completion and ensuring transparency by conducting the sale under federal court supervision, given the property's size and complex legal, financial and title issues.

"The Yachtsman faced unique challenges and required close collaboration among all the stakeholders."

Overcoming Significant Challenges

Bobby G. Mitchell, Association President, sought Lemonjuice's assistance after identifying critical mismanagement issues that had pushed the resort to the brink of insolvency. Lemonjuice's intervention included the acquisition of several hundred intervals in 2018, followed by collaborative efforts with the Association to restore solvency through improved management practices, rental strategies, and maintenance fee collections.

A thorough evaluation of existing contracts revealed substantial overpricing in structural repair and other service agreements. With approval from the Board, Lemonjuice terminated these contracts and engaged more cost-effective and reputable service providers, resulting in significant savings for the association.

Mitchell acknowledged Lemonjuice's invaluable contributions, highlighting their expertise and professionalism, which played a pivotal role in averting bankruptcy and ensuring compliance with building codes during repairs.

Addressing Unexpected Obstacles Lemonjuice navigated various unforeseen challenges, including failed financial audits, legal claims, and legislative changes impacting timeshare laws in South Carolina. Through strategic interventions, including obtaining title insurance, Lemonjuice successfully concluded the sale of the property in February.

Continued Commitment to Owners Mitchell commended Lemonjuice for its transparency and expertise, expressing confidence in recommending their services based on their track record of professionalism and results-driven approach. Lemonjuice's successful track record includes the reimagination and sale of 12 former timeshare properties since 2016, returning over $70 million to timeshare owners. The company anticipates completing an additional 8 properties in 2024 under its Resorts Reimagined™ program.

About Lemonjuice: Lemonjuice Solutions specializes in strategic planning, investment capital, and professional management for timeshare and mixed-use properties. Distinguished by its solutions-oriented approach, Lemonjuice aligns its interests with stakeholders by investing its own capital and resources. The Resorts Reimagined™ program exemplifies Lemonjuice's commitment to revitalizing legacy timeshare resorts and creating value for owners.

For inquiries about Resorts Reimagined™ and Lemonjuice Solutions services, please contact Jan Barrow at 863-602-8804 or via email at [email protected].

7380 Sand Lake Rd., Suite 130 | Orlando, FL 32819 (321) 754-1033 [email protected]

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Yachtsman Resort to be sold at auction, with bids starting at $4.75 million

Yachtsman Resort

Conway High Standout now an Atlanta Braves relief pitcher

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David Hucks

According to Ten-X , an auction of the 153 room Oceanfront Yachtsman Resort will begin online Feb. 13th – 16th.

The Yachtsman hotel stands at 10 stories high on 1304 & 1404 North Ocean Blvd in the City of Myrtle Beach, S.C. The property previously existed as a timeshare. The Ten-X site states the timeshare agreements have been terminated and the property can now be converted into a hotel.

The Yachtsman was built in 1982.

BJ Patel, managing director at Atlanta-based firm Hodges Ward Elliott, is listed as a key contact in the sale.

William M. Hodges and Michael Brandes of Hodges Ward Elliott are also listed as contacts for the pending sale. The Ten-X site reads “ Due to the termination of the previous timeshare agreement, 153 units are now available for purchase, including the land itself, ” according to a site description. “ Given that the property hasn’t received any capital expenditures since the last decade, a comprehensive guest-room focused overhaul will allow it to better compete against its competitive set and the market. ”

yachtsman resort myrtle beach bankruptcies

As found on the Ten-X website:

The Yachtsman is offered fee simple and unencumbered by existing management and debt, affording new ownership maximum flexibility in the future operation and capitalization of the property. Due to the termination of the previous timeshare agreement, 153 units are now available for purchase, including the land itself. Each of the 153 suite-style guestrooms features a kitchenette and living space, allowing maximum comfortability for the hotel’s guests. These suite-style rooms are perfectly tailored to the market, which receives a strong base of demand from family leisure travelers. Given that the property hasn’t received any capital expenditures since the last decade, a comprehensive guest room-focused overhaul will allow it to better compete against its competitive set and the market. As a newly renovated, all-suite style hotel, the property is anticipated to generate substantial incremental ADR and room revenue on a stabilized basis, which will flow directly to the bottom line and lead to significant cash flow gains for a new owner going forward.

Due to the property’s flexible zoning, in addition to hotel use, the property has potential for alterative use – (example – Multi-Family).

Continues an ongoing sea change of ownership in Myrtle Beach Hotels and businesses.

This sale continues a massive turnover in business ownership in Myrtle Beach, S.C.

In 2021 -2022, the oceanfront Myrtle Beach hotels changing ownership included:

  • Brittain Resort Hotels  was purchased by E.O.S. Investors, LLC of N.Y.
  • The  Sea Mist Resort  was put on the market for $55 million.
  • Sand Castle Hotels sold to a L.A. Investment team.
  • Kingston Resorts  purchased by E.O.S. Investors, LLC of N.Y.
  • The  Family Kingdom  selling just this past Fall.
  • The City of Myrtle Beach purchasing the  Fountain Bleu  and Oasis Motels.
  • The City of Myrtle Beach purchased the Midtown Motel for $8.2 million in October.
  • Better Brands Beer Distributors sold this past Friday, December 9th to Southern Crown Partners
  • MB National, LLC, purchased the Oceanfront Monterey Bay and Suites in November 2022.

2022 will be remembered as one of the highest turnover periods of Myrtle Beach Hotels among key brand named properties in the city.

  • Better Brands Beer Distributors
  • Family Kingdom
  • MB National
  • Midtown Motel
  • Monterey Bay
  • Sand Castle Hotels
  • William M. Hodges

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Auerbach funds acquires yachtsman resort towers from bankruptcy in myrtle beach, sc.

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May 07, 2024, 12:46 PM ET

Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC.

The two Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC. The towers are separated by the SeaGlass Tower, center.

Founder and Managing Partner of Auerbach Funds

Peter Auerbach, Founder and Managing Partner of Auerbach Funds

Media Contact: Auerbach Investor Relations [email protected]

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Hybridge Capital Acquires Yachtsman Resort in Myrtle Beach Out of Bankruptcy

MYRTLE BEACH, S.C. — Hybridge Capital Management has purchased The Yachtsman Resort, a 159-room hotel located at 1304 N. Ocean Blvd. in Myrtle Beach. The Los Angeles-based investor acquired the hotel, which was built in 1982, out of bankruptcy in an off-market transaction.

Bhavesh Patel of Hodges Ward Elliott represented the seller, Maryland-based Lemonjuice Solutions, in the transaction. The sales price was not disclosed. Max Mellman and Drew Rands of Max Benjamin Partners Inc., along with Justin Ghaderi of CBRE, secured an undisclosed amount of acquisition financing for the deal.

Hybridge Capital, which now owns 569 hotel/resort rooms in Myrtle Beach, plans to implement a capital improvement program to restore The Yachtsman. Details about the renovation were not disclosed.

Partnership Tops Out 509-Unit Residences at The Wynwood Plaza in Miami

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yachtsman resort myrtle beach bankruptcies

Sale of ex-SC timeshares upended as top bidder says never mind

The Post and Courier

The Yachtsman Resort on Ocean Boulevard in Myrtle Beach hit the virtual auction block last month after it was ordered sold as part of a bankruptcy case.

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Myrtle Beach

SC Beach Partnership, LLC

Chapter 11
Judge:
Case #: 2:22-bk-03258
Case Filed:Nov 29, 2022
Terminated:Mar 27, 2024
Plan Confirmed:May 02, 2023
  • Parties (1)
  • Related Cases (1)
TypeCorporation
Tax ID
# of Creditors1-49
Est. Assets$1,000,001 to $10 million
Est. Liabilities $1,000,001 to $10 million
Nature of Business Other
Nature of Debts Primarily Business
Last checked: never
01/05/2023
Docket last updated: 2 hours ago
Friday, March 29, 2024
225 225 court Certificate of Service BNC Document Sat 03/30 12:19 AM . Related [+] (Admin.)
Wednesday, March 27, 2024
224 224 order Final Decree Closing Case Wed 03/27 1:13 PM . (Mays, E)
223 223 court Hearing Held Wed 03/27 12:14 PM *Granted; Order to be entered. (Tull, C)

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Auerbach Funds Acquires Yachtsman Resort Towers from Bankruptcy in Myrtle Beach, SC

Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC.

The two Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC. The towers are separated by the SeaGlass Tower, center.

Founder and Managing Partner of Auerbach Funds

Peter Auerbach, Founder and Managing Partner of Auerbach Funds

Media Contact: Auerbach Investor Relations [email protected]

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Myrtle Beach timeshare owners talk about closed resort’s future

MYRTLE BEACH, S.C. (WMBF) - Timeshare owners at the Beach House Golf and Racquet Club could finally get some answers nearly a year after the resort’s sudden closure.

Two new board members were voted, following a Friday meeting discussing the resort’s future.

New board member Faye Robbins told WMBF News she plans to provide more clarity, given she’s an owner herself.

“It’s a no-brainer. Repair, renovate, move forward,” Robbins said.

However, owners have to decide what’s next for their home away from home.

The resort’s management company, Capital Vacations, sent owners a letter giving them three options.

Beach House Golf and Racquet Club timeshare owners could finally get some answers nearly a...

Owners who are up to date on their maintenance fees can vote to repair the building, repair it with upgrades, or choose to demolish it.

Each of those options comes with price tags in the millions.

Timeshare owner Megan Brown is running for a seat on the board and said after months of being left in the dark, those choices simply aren’t good enough.

“If I have to move there and run it myself, I’ll do it,” she said. “We have options, and I don’t think Capital was ready for the fight we’re about to put on, but we’re putting one on.”

Nino Rosa also owns a timeshare, and calculated demolishing the resort would cost him around $15,000.

He said he cannot pull that cash out of thin air.

“I don’t have that kind of money,” Rosa said. “I’m not going to take a loan out to give them money to tear down the building. They’re going to turn around and resell it and give us nothing in return. All we want is just what’s fair.”

Another document from the management company shows only a quarter of timeshare owners are up to date on their maintenance fees.

Those who are not will not be allowed to vote.

Some owners decided to cut ties earlier this year and accepted a $250 buyout due to the resort’s uncertain future.

WMBF News was told a meeting will be held later this month. An exact date has not been determined.

Stay with WMBF News for updates.

Copyright 2024 WMBF. All rights reserved.

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Auerbach funds acquires yachtsman resort towers from bankruptcy in myrtle beach, sc.

News provided by

May 07, 2024, 12:46 PM ET

Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC.

The two Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC. The towers are separated by the SeaGlass Tower, center.

Founder and Managing Partner of Auerbach Funds

Peter Auerbach, Founder and Managing Partner of Auerbach Funds

Media Contact: Auerbach Investor Relations [email protected]

NOTE: This content is not written by or endorsed by "WMBD/WYZZ", its advertisers, or Nexstar Media Inc.

Case number: 2:22-bk-03258 - SC Beach Partnership, LLC - South Carolina Bankruptcy Court

Case information.

SC Beach Partnership, LLC

South Carolina ( scbke )

Elisabetta G.M. Gasparini

Last Filing

Docket header.

Judge Elisabetta G.M. Gasparini
Chapter 11
Voluntary
Asset


  11/29/2022
  05/02/2023
  01/20/2023
  04/20/2023
  05/30/2023
  03/21/2023


189 Kentlands Blvd 3005
Gaithersburg, MD 20878-5446
MONTGOMERY-MD
Tax ID / EIN: 82-4498785





Maynard Nexsen PC
1230 Main St, Suite 700 (29201)
PO Box 2426
Columbia, SC 29202
803-540-2168
Fax : 803-727-1447
Email: 


Maynard Nexsen PC
1230 Main Street, Suite 700 (29201)
PO Box 2426
Columbia, SC 29202
803-540-2026
Fax : 803-727-1478
Email: 



Strom Thurmond Federal Building
1835 Assembly St.
Suite 953
Columbia, SC 29201

Office of United States Trustee
1835 Assembly Street
Suite 953
Columbia, SC 29201
803-765-5219
Fax : 803-765-5260
Email: 

Latest Dockets

Date Filed#Docket Text
03/29/2024225Certificate of Service of Document as served by the Bankruptcy Noticing Center. Notice Date 03/29/2024. (Related Doc # 224) (Admin.) (Entered: 03/30/2024)
03/27/2024224Final Decree Closing Case (related document(s)212). (Mays, E) (Entered: 03/27/2024)
03/27/2024223Hearing Held relating to: Application for Final Decree filed by Debtor SC Beach Partnership, LLC. (related document(s)212) *Granted; Order to be entered. (Tull, C) (Entered: 03/27/2024)
03/20/2024222Hearing Held Continued on Application for Final Decree with report of substantial consummation Filed by Julio E. Mendoza Jr. on behalf of SC Beach Partnership, LLC. (related document(s)212) Hearing scheduled for 3/27/2024 at 11:00 AM at Columbia (EG). The case judge is Elisabetta G.M. Gasparini. (Tull, C) (Entered: 03/20/2024)
03/16/2024221Certificate of Service of Document as served by the Bankruptcy Noticing Center. Notice Date 03/16/2024. (Related Doc # 220) (Admin.) (Entered: 03/17/2024)
03/14/2024220Order Granting Request to Appear Remotely by Telephone. Contact the courtroom deputy for the information to appear remotely. Related Document Number 219 Request to Appear Remotely filed by US Trustee's Office. Signed by: Judge Elisabetta G.M. Gasparini, US Bankruptcy Court - District of South Carolina (related document(s) 219 ). (Tull, C) (Entered: 03/14/2024)
03/14/2024219Request to Appear Remotely by Telephone on Hearing, Slot Number , re: Application for Final Decree with report of substantial consummation. Notice Of Possible Hearing (30 days objection time given) with Certificate of Service filed by SC Beach Partnership, LLC. The party(ies) requesting remote appearance are: Attorney.. Attorney representing: UST. The reason for the request is: listen only. The party's anticipated role is: Listen Only. Filed by Linda Barr of Office of United States Trustee on behalf of US Trustee's Office (related document(s)212). (Barr, Linda) (Entered: 03/14/2024)
03/12/2024218Certificate of Service RE: Hearing (Document) Sched. The filing party has verified that parties required to receive notice have received notice by Notice of Electronic Filing and has provided notice to other parties listed in the attached Certificate of Service. Filed by Julio E. Mendoza Jr. of Maynard Nexsen PC on behalf of SC Beach Partnership, LLC. (related document(s)217). (Mendoza, Julio) (Entered: 03/12/2024)
03/12/2024217Hearing scheduled relating to: Application for Final Decree with report of substantial consummation. Filed by Julio E. Mendoza Jr. of Maynard Nexsen PC on behalf of SC Beach Partnership, LLC. . (related document(s)212) Hearing scheduled for 3/20/2024 at 10:30 AM at Columbia (EG). The case judge is Elisabetta G.M. Gasparini. (Beaulieu, N) (Entered: 03/12/2024)
03/05/2024216Small Business Monthly Operating Report for Filing Period January 2024 Filed by Kyle A Brannon of Maynard Nexsen PC on behalf of SC Beach Partnership, LLC. (Brannon, Kyle) (Entered: 03/05/2024)

IMAGES

  1. Yachtsman Resort

    yachtsman resort myrtle beach bankruptcies

  2. The Yachtsman Resort, 1304 N Ocean Blvd, Myrtle Beach, SC, Resort hotel

    yachtsman resort myrtle beach bankruptcies

  3. Yachtsman Resort to be sold at auction, with bids starting at $4.75

    yachtsman resort myrtle beach bankruptcies

  4. THE YACHTSMAN RESORT

    yachtsman resort myrtle beach bankruptcies

  5. Renovations to Yachtsman Hotel Myrtle Beach

    yachtsman resort myrtle beach bankruptcies

  6. Yachtsman Resort

    yachtsman resort myrtle beach bankruptcies

VIDEO

  1. Crane Crews Work on Yachtsman South Tower Roof

  2. Disney's Yacht Club Resort Breakfast At Yachtsman Steakhouse 2024

  3. SeaSide is your Family Vacation Destination

  4. Yachtsman Resort 2017 Summer Vacation

  5. Junk Otis Modded Traction Elevators at The Yachtsman Hotel, Myrtle Beach, SC

  6. Bed Bugs Yachtsman Resort

COMMENTS

  1. Yachtsman Resort that buyers left in the dust is sold

    The Yachtsman Resort, a former timeshare destination, straddles the taller SeaGlass Tower along North Ocean Boulevard in Myrtle Beach. An unusual bankruptcy that came with an oceanfront view has ...

  2. California real estate firm acquires Myrtle Beach hotel for 'higher-end

    A Beverly Hills-based real estate firm has purchased the Yachtsman in Myrtle Beach. The management partner of Hybridge Capital Max Mellman confirmed the sale Fri, 14 Jun 2024 05:08:51 GMT (1718341731486) Story Infinite Scroll - News3 v1.0.0 (common) ... A release from Hybridge detailed that the "deal was secured out of bankruptcy through an ...

  3. Lemonjuice Solutions Announces the Sale of The Yachtsman Resort

    ORLANDO, FL, US, March 5, 2024 / EINPresswire.com / — Lemonjuice Solutions has completed the sale of The Yachtsman Resort to Hybridge Capital for $12.75 million. This oceanfront property, comprised of two towers and 160 units, was sold for $12.75 million, with the transaction finalized on January 31, 2024. Timeshare owners are set to receive ...

  4. SC beachfront timeshare deal goes on the block after too many buyers

    The Florida-based company also happens to own the taller 19-story SeaGlass Tower resort sandwiched between the two Yachtsman buildings, which were completed in 1973 and 1974. "Bluegreen, frankly ...

  5. Yachtsman Resort to be sold at auction, with bids starting at $4.75

    Yachtsman Resort to be sold at auction, with bids starting at $4.75 million. According to Ten-X, an auction of the 153 room Oceanfront Yachtsman Resort will begin online Feb. 13th - 16th. The Yachtsman hotel stands at 10 stories high on 1304 & 1404 North Ocean Blvd in the City of Myrtle Beach, S.C. The property previously existed as a timeshare.

  6. Auerbach Funds Acquires Yachtsman Resort Towers from Bankruptcy in

    The two Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC. The towers are separated by the SeaGlass Tower, center. Peter Auerbach, Founder and Managing Partner of Auerbach Funds ...

  7. Hybridge Capital Acquires Yachtsman Resort in Myrtle Beach Out of

    February 21, 2024. MYRTLE BEACH, S.C. — Hybridge Capital Management has purchased The Yachtsman Resort, a 159-room hotel located at 1304 N. Ocean Blvd. in Myrtle Beach. The Los Angeles-based ...

  8. Myrtle Beach oceanfront resort sold to Los Angels based firm

    This Myrtle Beach, SC, oceanfront high-rise sold for $13 million. What we know. One of Myrtle Beach's oceanfront high rises was sold. The Yachtsman Resort at 1304 North Ocean Blvd. was purchased ...

  9. Sale of ex-SC timeshares upended as top bidder says never mind

    The Yachtsman Resort in Myrtle Beach hit the block last month after a judge ordered it sold as part of a bankruptcy case. Hundreds of the other owners at the 50-year-old resort had abandoned their weekly shares. Many stopped paying their assessments and other fees, forcing the association to dissolve the agreement.

  10. Hybridge Capital acquires Myrtle Beach resort

    Hybridge Capital Management, a Los Angeles-based investment firm focused on commercial real estate and technology, has acquired The Yachtsman Resort in Myrtle Beach, S.C. The deal was secured out of bankruptcy in an off-market transaction. Other details were not disclosed. Hybridge Capital Management now owns 569 hotel/resort keys in Myrtle ...

  11. Myrtle Beach oceanfront timeshare to be sold

    A Myrtle Beach high rise is on the auction block with an asking price of nearly $5 million after its timeshare agreement was terminated. Bids for The Yachtsman Resort at 1304 and 1404 N. Ocean ...

  12. SC Beach Partnership, LLC Bankruptcy (2:22-bk-03258 ...

    SC Beach Partnership, LLC Bankruptcy (2:22-bk-03258), South Carolina Bankruptcy Court, Filed: 11/29/2022 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets ... S.C. Beach Partnership LLC v. The Yachtsman Interval Owners Association, Inc. et: 01/05/2023 Docket last updated: 06/12/2024 12:02 PM EDT Friday, March 29, 2024:

  13. Sale of ex-SC timeshares upended as top bidder says never mind

    The Yachtsman Resort in Myrtle Beach hit the block last month after a judge ordered it sold as part of a bankruptcy case. The seaside vacation getaway is made up of 160 condominiums along Ocean ...

  14. Auerbach Funds Acquires Yachtsman Resort Towers from Bankruptcy in

    CHARLOTTE, NC, USA, May 7, 2024 / EINPresswire.com / -- A partnership between Auerbach Funds and Hybridge Capital Management has recently acquired 159 beachfront units in the Yachtsman Resort located in Myrtle Beach, South Carolina. The two 80-unit towers were acquired from the bankruptcy proceedings of SC Beach Partnership, the former ...

  15. PDF Hybridge Capital acquires Myrtle Beach resort

    Hybridge Capital acquires Myrtle Beach resort By Esther HertzfeldFeb 22, 2024 8 :56am Hybridge Capital Management, a Los Angeles-based investment firm focused on commercial real estate and technology, has acquired The Yachtsman Resort in Myrtle Beach, S.C. The deal was secured out of bankruptcy in an off-market transaction.

  16. Myrtle Beach timeshare owners talk about closed resort's future

    Published: May. 3, 2024 at 8:28 AM PDT | Updated: May. 3, 2024 at 3:33 PM PDT. MYRTLE BEACH, S.C. (WMBF) - Timeshare owners at the Beach House Golf and Racquet Club could finally get some answers ...

  17. Myrtle Beach, SC oceanfront buildings for sale

    The Yachtsman Resort at 1304 N. Ocean Blvd in Mrytle Beach is hitting the auction block on Feb. 13, 2023. ... The Myrtle Beach area's 21% lodging recovery rate between 2019 and 2021 along with ...

  18. Auerbach Funds Acquires Yachtsman Resort Towers from Bankruptcy in

    The two Yachtsman Towers at 1304 and 1404 N Ocean Blvd in Myrtle Beach, SC. The towers are separated by the SeaGlass Tower, center. The two 80-unit towers were acquired from the bankruptcy ...

  19. 2 Myrtle Beach resorts face ownership changes; Surfside Beach surf shop

    Meanwhile, the Yachtsman Resort, in downtown Myrtle Beach for decades, is facing an uncertain future on the auction block with an asking price of nearly $5 million. ... A bankruptcy filing forced ...

  20. MyrtleBeachSC News on Twitter: "Yachtsman Resort to be sold at auction

    Yachtsman Resort to be sold at auction, with bids starting at $4.75 million According to Ten-X, an auction of the 153 room Oceanfront Yachtsman Resort will begin online Feb. 13th - 16th. 12:56 PM · Dec 14, 2022

  21. Case number: 2:22-bk-03258

    03/05/2024. 216. Small Business Monthly Operating Report for Filing Period January 2024 Filed by Kyle A Brannon of Maynard Nexsen PC on behalf of SC Beach Partnership, LLC. (Brannon, Kyle) (Entered: 03/05/2024) Case number: 2:22-bk-03258 - SC Beach Partnership, LLC - South Carolina Bankruptcy Court.

  22. Yachtsman Myrtle Beach Resort & Condos

    For a Family-Friendly Vacation in Myrtle Beach. With its iconic towers rising above the Myrtle Beach oceanfront, The Yachtsman is the perfect destination for a lifetime of family vacation memories. Stunning Atlantic Ocean views extend in one direction while spectacular sightlines of downtown Myrtle Beach await in the other, framing our ...