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La Quinta Inns & Suites Myrtle Beach N Kings Hwy – Image Credit Wyndham
CBRE Hotels is soliciting offers to acquire the fee-simple interest in the corporate-owned La Quinta Inns & Suites in Myrtle Beach, South Carolina. Located off Kings Highway and just two blocks from the beach, the hotel is within minutes from the Broadway at the Beach, the Pelicans Ballpark, the John T. Rhodes Myrtle Beach Sports Center, and several restaurants and recreation area. Thanks to its prime location, the 148-room hotel receives business from a diverse population of both sport and leisure segments.
- Ideally Located & Corporated-Owned Property – Opportunity to acquire a 148-room, four story, interior corridor, corporate-owned, La Quinta that is located directly off Kings Highway and just two blocks from the beach.
- Significant Revenue Opportunities via Newly Implemented Destination Fee – Since January 2025, the hotel has implemented a $25 per room, per night destination fee. This new charge is expected to generate a substantial additional income stream.
- Management Upside Opportunity with Strong Revenue Potential – The La Quinta will be delivered unencumbered of management. This project offers substantial potential for a hands-on owner-operator to enhance market share and operational performance.
- Fully Renovated Hotel with No PIP Required until January 2028 – The hotel will be delivered with no PIP required for the new ownership until January 2028. Wyndham may provide the new PIP in January 2028 and the Franchisee will have two years to complete this PIP. Please see the Franchise Agreement on the data room for additional information.
- Diverse Demand Drivers – The hotel boasts a prime location, offering easy access to many of the area’s top attractions, including the Broadway at the Beach, the Pelican Ball Park, the John T. Rhodes Myrtle Beach, the Hollywood Wax Museum, Coastal Carolina University, Coastal Gran Mall, SkyWheel Myrtle Beach, Myrtle Beach International Airport, and World Tour Goft Links.
- A Vibrant Coastal Haven of Beaches, Cuisine, and Golf – Renowned for its diverse culinary offerings, Myrtle Beach offers thousands of restaurants, amusement parks, live shows, retail stores, and a full spectrum of many different watersports. Additionally, the city is a golfer’s haven, boasting approximately 90 premier courses. All these factors make Myrtle Beach a prime destination that attracts over 17 million visitors annually.
For inquiries visit CBRE.
