The Yachtsman Resort in Myrtle Beach has been purchased by a Beverly Hills real estate firm. The group plans to convert it into a residential high-rise.
Hybridge Capital’s Max Mellman confirmed the sale on Thursday.
According to Hybridge, the deal was secured through an off-market transaction.
According to Mellman, the company plans to develop the beachfront condos into ‘higher-end’ long-term housing.
“Adding some additional housing to Myrtle Beach is something we’re excited about,” he said.
In online records, the mortgage for the property is nearly $12 million.
The Beginnings of Yachtsman Resort
Yachtsman Timeshare in Myrtle Beach has a captivating history that dates back to its humble beginnings. Founded by a group of passionate yachtsmen in the early 1980s, the vision was to create a unique vacation experience for like-minded individuals who shared a love for boating and luxury living.
The concept of timesharing at Yachtsman quickly gained traction among those seeking an exclusive getaway without the hassles of full ownership. The idea of owning a slice of paradise along with access to top-notch amenities resonated with many beach enthusiasts.
As word spread about the unparalleled experiences offered at Yachtsman Timeshare, more people flocked to Myrtle Beach to indulge in its luxurious accommodations and breathtaking views. The resort’s reputation continued to soar as guests raved about their unforgettable stays and seamless vacation experiences.
Over the years, Yachtsman Timeshare has evolved into a premier destination for travelers looking for upscale accommodations paired with exceptional service. Its commitment to providing unparalleled relaxation and leisure opportunities has solidified its position as a top choice for discerning vacationers worldwide.
Notable Features and Amenities of Yachtsman Timeshare
Yachtsman Timeshare in Myrtle Beach offered a plethora of notable features and amenities that set it apart from the rest. From above average accommodations to tourist services, Yachtsman catered to every need of its timeshare owners.
The resort boasts spacious and well-appointed units with stunning ocean views, providing a perfect retreat for vacation-goers seeking relaxation and comfort. Guests can indulge in a range of on-site amenities including outdoor pools, hot tubs, fitness centers, and direct beach access.
For those looking to explore beyond the resort grounds, Yachtsman offers convenient proximity to popular attractions such as Broadway at the Beach, The Boardwalk, and championship golf courses. Additionally, the resort’s concierge service is always ready to assist with booking local excursions or dining reservations.
Whether you were seeking a peaceful escape or an adventure-filled getaway, Yachtsman Timeshare had something for everyone.
Popularity and Expansion of Yachtsman Resort
The popularity of Yachtsman Timeshare in Myrtle Beach has been on the rise since its inception. With its prime location and top-notch amenities, it quickly became a sought-after vacation destination for many travelers. The word-of-mouth recommendations and positive reviews from satisfied guests have further fueled its popularity.
As the demand for Yachtsman Timeshare grew, so did the expansion of the resort. New buildings were added, offering even more luxurious accommodations and breathtaking views of the ocean. The addition of state-of-the-art facilities and services only enhanced its appeal to both existing owners and potential buyers.
With each passing year, Yachtsman Timeshare continued to attract vacationers from near and far, solidifying its reputation as a Myrtle Beach vacation spot. Its commitment to providing a memorable experience for all guests ensured, early on, that it remained at the forefront of timeshare resorts in the area.
The Impact of Yachtsman Timeshare on Myrtle Beach’s Tourism Industry
Yachtsman Resort made a significant impact on the tourism industry in Myrtle Beach. By offering popular accommodations and multiple amenities, Yachtsman attracted visitors from all over seeking a Myrtle Beach vacation experience.
The presence of Yachtsman Timeshare has not truly elevated the overall prestige of Myrtle Beach as a prime vacation destination, however. The City of Myrtle Beach, overall, does not have a reputation for quality and excellence. A $54 million tax funded Myrtle Beach Area Chamber of Commerce annual budget helps to draw in more tourists to the Grand Strand each year, boosting the Horry County economy and creating jobs in the hospitality sector.
With its beachfront location and facilities, Yachtsman Timeshare will now become synonymous with residential living in Myrtle Beach.
With this bankruptcy sale, Yachtsman Timeshare’s impact on Myrtle Beach’s tourism industry cannot be overstated. More resorts could soon follow.