| CREOP

PRICED TO SELL: 95K a key, 11.47% CAP Rate, & 3.35 RRM at List Price based of 2024 Actuals. 18.43% cash on cash with 30% down conventional loan.
2024: Revenue $1.95M, $79 RevPAR, $135 ADR, 58% OCC
Alternative Use Options based on Zoning
68 Extended Stay Units with Kitchens and Ocean Views
Interest from Franchises to flag property
In 2024 Midscale Brands Performed at an average of $129 RevPAR
Myrtle Beach Tourism Market - Approximately 18 million people
Operating at approximate 60% expense ratio

Located directly on the sand just off South Ocean Blvd, the Gazebo Inn Oceanfront offers unbeatable access to Myrtle Beach’s top attractions. With 18 million visitors annually, the area boasts strong tourism demand, making this a prime investment opportunity. The property is minutes from Broadway at the Beach, the Myrtle Beach Boardwalk, SkyWheel, and The Ripken Experience, with Myrtle Beach International Airport just 1.2 miles away. Positioned for strong occupancy and revenue growth, the Gazebo Inn also offers value-add potential, including conversion to a branded hotel. Don’t miss this chance to invest in one of the East Coast’s most sought-after destinations!