Holiday Inn Club Vacations Acquires Land to Develop Oceanfront Resort
Holiday Inn Club Vacations Incorporated, a national vacation ownership company, announced that its acquisition of 16 acres of undeveloped property in Myrtle Beach, South Carolina from Myrtle Beach Farms Company, Inc. was finalized earlier this year. In March, the Company finalized its subsequent conveyance of an 11-acre beachfront portion of the property to Myrtle Holiday 1, LLC, which will develop the property into a brand-new, oceanfront resort for the Company. The new resort is expected to open in 2024.
“We’ve experienced first-hand how much families love Myrtle Beach, as our South Beach Resort has been one of the most popular properties in the network for more than 10 years. Our team’s familiarity with the destination, coupled with the creative freedom of building from the ground up, means we have a great opportunity to create a truly unique resort,” said Tom Nelson, Chief Executive Officer at Holiday Inn Club Vacations Incorporated. “This year marks the 40th anniversary of our Company. When I reflect on our history and growth over the last 40 years, I can’t think of a more fitting way to celebrate this milestone than by expanding our network, once again, to bring more memorable vacation experiences to our owners and guests.”
The beachfront property is located across the street from Holiday Inn Club Vacations South Beach Resort. Once the first phase of development is complete, the new resort will feature 152 one-, two-, three- and four-bedroom villas, ranging in size from 746 to nearly 1,900 square feet. All villas will include patios and offer ocean views. A portion of the villas will be designated for Signature Collection, the Company’s luxury product.
In addition to direct beach access, the resort will offer guests many amenities, including a beachside activity lawn, multi-level pool, outdoor fire pit with lounge seating, poolside hot tubs, private cabanas, fitness center, Grab ‘n Go marketplace with café, indoor and outdoor dining, poolside bar, indoor and outdoor activity centers, covered parking and an exclusive Signature Collection lounge.
For more information on Holiday Inn Club Vacations and its growing network of resorts, visit holidayinnclub.com.
About Holiday Inn Club Vacations Incorporated
Encompassing 28 resorts, 7,900 villas in 14 U.S. states, and more than 365,000 timeshare owners, Holiday Inn Club Vacations Incorporated is a resort, real estate, and travel company with a mission to be the most loved brand in family travel by delivering easy-to-plan, memorable vacation experiences that strengthen families.
Based in Orlando, Fla., the Company has been a leader in the vacation ownership industry since 1982, when it was established by Holiday Inn® founder Kemmons Wilson with the opening of the Company’s flagship property, Holiday Inn Club Vacations® at Orange Lake Resort next to Orlando’s Walt Disney World® Resort.
Today, the Holiday Inn Club Vacations resort portfolio spans across the United States. Throughout its history, the Company has maintained the core family values true to its majority ownership by the Wilson family, while aggressively pursuing growth, transforming its member engagement model, and building an industry-leading team passionate about the guest experience.
About Myrtle Holiday 1, LLC
Myrtle Holiday 1, LLC is a special purpose entity created and managed by Accelerated Assets, LLC, which provides “Capital Light” options to branded vacation ownership companies like Holiday Inn Club Vacations, in a variety of value-added structures, including fee-based services resort development, just-in-time resort development, and off-balance-sheet financing programs.
Accelerated, through its related entities, has sold, financed, or purchased nearly $2 billion in interests related to the vacation ownership business.
