JLL Capital Markets announced today that it arranged $7.59 million in financing for The Sandbar Hotel, Trademark Collection by Wyndham, a 121-key, limited-service, beachfront hotel located in Myrtle Beach, South Carolina.
JLL worked on behalf of the borrower, Linchris Hotel Corporation, to secure the first mortgage refinancing through HarborOne Bank.
The Sandbar Hotel, Trademark Collection by Wyndham is a beachfront hotel comprised of four separate buildings. The main building and the adjacent “south building” contain 88 total guest rooms, the oceanfront building consists of 27 guest rooms, and there are two, three-bedroom cottages located one street behind the main building. Additionally, the hotel includes four one-bedroom apartments and an additional parcel of land currently being used for 28 parking spaces.
Located along the beach at 1804 South Ocean Blvd., the hotel is well-positioned to attract the diverse customer base of Myrtle Beach’s 20 million annual visitors. The hotel is located in close proximity to the Myrtle Beach International Airport and many popular tourist attractions including beaches, restaurants and several world-class golf courses. Further, the hotel boasts top-tier amenities that include a heated indoor pool and hot tub, an outdoor pool with a lazy river and hot tub, a 24-hour business center, a 24-hour fitness center, a breakfast area and direct beach access. Formerly a Best Western Plus, the hotel was rebranded to The Sandbar Hotel as part of the Trademark collection by Wyndham in September 2022.
The JLL Capital Markets team was led by Senior Directors Amy Lousararian and Henry Schaffer.