hilton myrtle beach resort
Kingston Resorts® to Undergo $50 Million Dollar Multi-Phase Transformative Renovation and Repositioning
Embassy Suites by Hilton | February 26, 2020
MYRTLE BEACH, S.C. - EOS Investors LLC (EOS), a privately held real estate investment firm, has unveiled plans for a multi-phase $50 million dollar renovation of the Kingston Resorts® properties, beginning with a comprehensive $20 million dollar investment in the Hilton Myrtle Beach Resort followed by a $30 million dollar investment in the Embassy Suites Myrtle Beach Oceanfront Resort. The transformative renovation of Hilton Myrtle Beach Resort is set for completion by June 2020 and will bring EOS’s vision to life for the future of these legacy properties, which includes a repositioning and reintroduction of the Hilton property as on...
RLJ Lodging Trust Completes Sale of Kingston Plantation for $156 Million ($244K/Key)
RLJ Lodging Trust | July 2, 2019
BETHESDA, Md. -- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that the Company sold two hotels located in Myrtle Beach consisting of the 385-room Hilton Myrtle Beach Resort and 255-room Embassy Suites by Hilton Myrtle Beach Oceanfront Resort (“Kingston Plantation”) for $156.0 million or approximately $244,000 per key. “We are pleased with the solid execution and attractive multiple generated by the sale of these two beachfront hotels,” commented Leslie D. Hale, President and Chief Executive Officer. “This transaction is a continuation of our strategic efforts to sell non-core hotels and recycle capital into m...
