Staybridge Suites Myrtle Beach
Status
Closed A 119 key Intercontinental Hotel Group (“IHG”) brand suite-style hotel located in MSA of Myrtle Beach, SC.
Location
Myrtle Beach, SC
Investment Strategy
Core-Plus
Property Type
Hotel / Hospitality
Open To
Accredited Investors
Closed Date
Aug 2019
Investment Strategies
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*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Other Offerings by Suncroft
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$1,559,658.00
9.041495652173912%
Investor Equity
$5,000,000.00
28.985507246376812%
Senior Loan Amount
$10,690,342
61.97299710144928%
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Total
$17,250,000
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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