Fund I Portfolio
Hampton Inn & Suites
Description
A 121-key Hampton Inn located in the heart of Myrtle Beach. This premier drive-to destination is one of the country's top hotel performance markets and continues to benefit from growth throughout the Southeast.
Suncroft Capital Partners has partnered with Wright Investment Properties to oversee the day-to-day management of the hotel with the intention of implementing "best-in-class" operational standards.
Details
Target Equity Multiple: 2.1x
Target IRR: 20%
Deal Type: Value-add
Asset Type: Hotel
Sponsor: Suncroft
Target Investment Period: 5 years
