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Holiday Inn Club Vacations acquires land to develop oceanfront resort in Myrtle Beach

ORLANDO, Florida., March 24, 2022 /PRNewswire/ — Holiday Inn Club Vacations Incorporated, a national vacation ownership company, announced the acquisition of 16 acres of undeveloped property in Myrtle Beach, SC of Myrtle Beach Farms Company, Inc. was finalized earlier this year. In March, the company finalized its subsequent divestiture of part of the 11-acre beachfront property to Holiday Myrtle 1, LLC, which will develop the property into a brand new beachfront resort for the company. The new complex is expected to open in 2024.

“We have seen how much families love myrtle beach, as our South Beach Resort has been one of the network’s most popular properties for over 10 years. Our team’s familiarity with the destination, coupled with the creative freedom to build from scratch, means we have a great opportunity to create a truly unique resort,” said Tom Nelson, CEO of Holiday Inn Club Vacations Incorporated. “This year marks the 40and anniversary of our company. As I reflect on our history and growth over the past 40 years, I can think of no more appropriate way to celebrate this milestone than by expanding our network, once again, to deliver more memorable vacation experiences. to our owners and our guests. »

The beachfront property is located across from the 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. Part of the villas will be designated for Exclusive collectionsociety’s luxury product.

In addition to direct beach access, the resort will offer guests a host of amenities including a beachside activity lawn, tiered pool, fire pit with seating, hot tubs poolside, private cabanas, fitness center, Grab ‘n Go Market with cafe, indoor and outdoor dining, poolside bar, indoor and outdoor activity centers, covered parking and an exclusive Exclusive collection salon.

For more information about 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 whose mission is to be the most appreciated in the field of family travel by offering easy-to-plan services. , memorable vacation experiences that strengthen families.

Situated at Orlando, Florida.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 from Orlando Walt Disney World® Resort.

Today, the Holiday Inn Club Vacations portfolio of resorts spans United States. Throughout its history, the company has maintained core family values ​​true to its majority ownership by the Wilson family, while actively pursuing growth, transforming its member engagement model, and building a cutting-edge team passionate about the customer experience.

On Holiday Myrtle 1.LLC
Holiday Myrtle 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 paid services. 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.

Media Contact:
Ashley FraboniHoliday Inn Club Vacations
407.315.8866
[email protected]

Vacations at SOURCE Holiday Inn Club


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