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Atlanta & Southeast  + Southeast  + Hospitality  |  January 5, 2021
David Cohen
By: David Cohen

Holiday Inn Resort in Wrightsville Beach Trades for $30M

Marcus & Millichap has arranged the $30.2 million sale of a 184-room Holiday Inn Resort in Wrightsville Beach, N.C. Robert Hunter, Christopher Martin, David J. Altman and R. McLean Hicklin III of Marcus & Millichap represented the seller, a private partnership, in the transaction. The buyer was a limited liability company.

Built in 1999, the seven-story property is located directly on Wrightsville Beach, which is just outside of Wilmington, N.C. The hotel has more than 8,000 square feet of meeting space, including a 400-person capacity ballroom, three swimming pools with two whirlpools, two restaurants, a lounge, fitness center,  sand volleyball court, Kid Spree Vacation Club and shuttle service.

“This Holiday Inn Resort drew a tremendous amount of national interest because of its location in a high-end beach destination with an undeniably high ceiling,” said Hunter. “North Carolina is consistently recognized as one of the fastest-growing states and Wrightsville Beach is a short drive from its largest population centers.”

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.
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