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National  + South Carolina  + Hospitality  | 

Morgan Stanley Provides $33M Refinancing for Hampton Inn & Suites Myrtle Beach

Morgan Stanley has provided a $32.5 million loan to refinance the 227-key Hampton Inn & Suites Myrtle Beach Oceanfront in Myrtle Beach.

Located at 1801 and 1803 South Ocean Blvd., the property is located directly on the beach and features two lazy rivers, three outdoor pools, four indoor pools and a water play area. The hotel is also nearby shops, dining and entertainment.

Adam Schenkman of GrowthStar Capital arranged the financing on behalf of the undisclosed borrower. Terms of the CMBS financing included a 10-year fixed-rate.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Financing

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