United States > Ocean Park Resort

Ocean Front Hotel

Financial Proposal

Background:

  • Built in 1980s
  • Recent renovation cost $300,000

    At Ocean Park Resort, relaxation comes with an ocean view and a convenient location among the best of Myrtle Beach's dining and entertainment venues. And kids under 18 stay FREE! We offer a full range of luxury amenities, including:

  • Affordable oceanfront suites
  • Golf packages
  • Indoor and outdoor pools and whirlpool

    Total Rooms: 126

    Available Rooms: 90

    Sales Price: $ 7,000,000

    Buyers will own the DESK and take over the complete management of this Condo/Hotel site.

    Net Operating Income 2008: $500,000 (Ask to see Ocean Park 2008 Budget)

    Cap rate: 7 percent