Overview
Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the 157-room Courtyard by Marriott Myrtle Beach Barefoot Landing, located at 1000 Commons Blvd, Myrtle Beach, South Carolina. Situated on 2.36 acres near U.S. Highway 17, North Myrtle Beach’s principal arterial and major commercial corridor, the property offers convenient access to the area’s beaches, dining, retail, and entertainment. The hotel is less than 1 mile from Barefoot Landing, a premier mixed-use destination with a strong concentration of retail, dining, and entertainment offerings, and is also supported by nearby golf, residential, marina, and sports-related demand generators.
Built in 1999, the property presents an attractive opportunity to acquire a well-positioned, 157-room Courtyard by Marriott in one of the Southeast’s premier tourism markets. For the T-12 period ending July 2026, the hotel achieved a RevPAR of $91.47, ranking 1st of 6 properties in the STR competitive set and outperforming the competitive set by approximately 37.96%. This strong market positioning demonstrates the property’s ability to capture demand and provides a solid operating foundation for continued performance and potential future upside.
Investment Highlights
PROPERTY HIGHLIGHTS
- In-Place Cap Rate | Offered at an 8.20% cap rate based on July 2026 trailing-12-month NOI, inclusive of management fees and FF&E reserves.
- Consistent Performance | The property ranked first of six in trailing-12-month RevPAR as of July 2026, achieving $91.37 and outperforming its competitive set by more than 37%.
- High-Volume Tourism Market | The property benefits from the Grand Strand’s approximately 17.8 million annual visitors, who generated $13.3 billion in direct spending and more than $26 billion in total economic impact in 2025.
- Branded Select-Service Offering | Marriott-branded, select-service hotel in a high-volume coastal tourism market with attractive scale and positioning.
- Diversified Demand Base | Myrtle Beach benefits from 60 miles of beaches, more than 80 championship golf courses, 250,000 SF of convention space, youth sporting events, and extensive retail, dining, and entertainment offerings.
- Comprehensive Amenities | The property features an indoor pool, fitness center, on-site Bistro, and meeting facilities, supporting multiple guest segments and revenue opportunities.
LOCATION HIGHLIGHTS
- Adjacent - U.S. 17 / Kings Highway (37,900 AADT)
- 0.9 Miles - Barefoot Landing
- 1.1 Miles - House of Blues Myrtle Beach
- 2.2 Miles - Barefoot Resort & Golf
- 4.2 Miles - Carolina Opry
- 9.5 Miles - North Myrtle Beach Park and Sports Complex
- 9.6 Miles - Broadway at The Beach
- 10.1 Miles - Myrtle Beach Convention Center
- 14.7 Miles - Myrtle Beach International Airport
- 15.7 Miles - Tanger Outlets Myrtle Beach (Highway 501)
Photo Gallery
Sales Team
