Myrtle Beach, SC, December 19, 2025
Singerman Real Estate has secured $85 million in bridge debt for the recapitalization of The Ellie Beach Resort and DoubleTree Resort by Hilton in Myrtle Beach. This strategic funding highlights the area’s potential, boosting the local economy and ensuring the hotels remain competitive. The investment is part of ongoing efforts to enhance the hospitality sector’s appeal, which is vital for the region’s tourism-driven growth.
Myrtle Beach Hotels Land $85M: A Boost for Local Economy
Myrtle Beach, SC
In a significant development for Myrtle Beach SC business, Singerman Real Estate has secured a substantial $85 million in bridge debt. This strategic financial maneuver is aimed at the recapitalization of two prominent Myrtle Beach hotels: The Ellie Beach Resort Myrtle Beach, part of Tapestry by Hilton, and the DoubleTree Resort by Hilton Myrtle Beach Oceanfront. This private investment underscores the continued dynamism and potential seen within the Grand Strand’s hospitality sector, reflecting the ongoing allure of the region for both visitors and investors.
Such infusions of capital highlight the entrepreneurial determination prevalent in the local economy, demonstrating how targeted private investment can bolster key assets. By recapitalizing existing properties, firms like Singerman Real Estate contribute to the sustained vitality of Myrtle Beach economic growth, ensuring these establishments remain competitive and continue to attract the millions of visitors who flock to the area annually. This type of investment is a testament to the power of private sector initiatives in driving local prosperity.
Strategic Recapitalization for Enduring Value
Chicago-based Singerman Real Estate has obtained an $85 million bridge loan for the recapitalization of two key hotel properties in Myrtle Beach, South Carolina. The loan, a three-year, floating-rate facility with two 12-month extension options, was originated by Peachtree Group. The properties involved are the 238-key The Ellie Beach Resort Myrtle Beach, Tapestry by Hilton, and the 214-key DoubleTree Resort by Hilton Myrtle Beach Oceanfront. Singerman Real Estate’s hospitality portfolio includes 15 hotels across 16 states, primarily consisting of Marriott and Hilton brands.
Recapitalization is a financial strategy often employed to optimize a company’s capital structure, which can involve refinancing existing debt to strengthen a business’s financial health. For hotels, bridge loans are a flexible, short-to-medium-term financing tool (typically 6-36 months) that can be used for various purposes, including recapitalization, renovations, or repositioning an asset. They are particularly useful for transitional, non-stabilized assets with value-add components or situations requiring quick closing. This ensures properties can undertake necessary improvements or adapt to market conditions without disruption, ultimately enhancing their long-term viability and competitiveness.
Fostering Myrtle Beach Economic Growth Through Investment
Myrtle Beach is a significant hospitality market, drawing an estimated 18.2 million travelers in 2024, with a 3.7 percent increase in overnight stays. The area benefits from a robust year-round leisure tourism sector, driven by numerous golf courses, and also attracts business travel through the Myrtle Beach Convention Center. Visitor spending in the Myrtle Beach area reached an estimated $13.2 billion in 2024, a 5.3% increase over 2023, contributing to a total economic impact of tourism estimated at over $26 billion when accounting for indirect and induced effects. Tourism supports approximately 82,000 jobs throughout the Grand Strand, with an estimated 80 percent of local tourism jobs being year-round and full-time. This substantial investment in key lodging facilities is expected to support these figures by maintaining and elevating the quality of accommodations available to tourists.
The Myrtle Beach economic growth is intricately linked to the health of its hospitality industry. Investments like this recapitalization help ensure hotels can meet the evolving demands of travelers. A stronger, more attractive hotel sector translates into sustained visitor numbers, increased visitor spending, and a positive ripple effect across local businesses, including restaurants, retail, and service industries. Horry County’s Hospitality Fee generated approximately $59.3 million in tax collections in 2024, and accommodations taxes reached over $31 million in 2024, indicating the significant role tourism plays in local revenue.
The Power of Private Investment and Entrepreneurial Spirit
The decision by Singerman Real Estate to invest heavily in Myrtle Beach’s hotel market showcases confidence in the region’s economic fundamentals and the appeal of its entrepreneurial landscape. Such private investment is crucial for economic development, as it allows businesses to access capital without relying on public funding, promoting a healthy, competitive market environment. Private lenders and investors often provide the flexibility and speed needed to structure deals that traditional banks might not entertain due to regulatory or time constraints. This allows for rapid responses to market opportunities and challenges, which is a hallmark of entrepreneurial innovation.
Across South Carolina, entrepreneurs in the hospitality industry navigate a dynamic market. The state’s hotels and motels industry, encompassing 2,607 businesses, saw its market size grow at an average annual rate of 13.0% from 2020 to 2025, reaching $4.4 billion in 2025. This growth, even amid a tightened lending environment, underscores the resilience and adaptability of business owners. Bridge loans often include capital for renovations or property improvement plans, allowing hotels to upgrade facilities and remain competitive in a demanding market. This commitment to continuous improvement by hotel operators and investors reflects the persistent entrepreneurial spirit that drives success in the vibrant hospitality sector.
A Supportive Business Environment in South Carolina
South Carolina, particularly regions like the Grand Strand, offers a business environment that attracts and supports such significant private investments. The state’s hospitality and tourism industry has a considerable economic impact, providing opportunities for businesses across various sectors. While some areas of the state faced challenges such as a decrease in available hotel rooms in early 2023, the sector has generally shown strong performance, benefiting from resurgent corporate and group travel. In 2024, Myrtle Beach remained a top-tier tourism destination, demonstrating steady demand despite a more competitive national travel climate. Its accessibility, family-friendly value, and broad appeal continue to make it a top choice for travelers. A stable and predictable regulatory landscape is vital in fostering this kind of sustained investor confidence and encouraging further growth in Myrtle Beach small business and large enterprises alike.
Looking Ahead: Sustaining Momentum
This $85 million recapitalization is not merely a financial transaction; it represents a reaffirmation of confidence in the future of Myrtle Beach’s hospitality sector. By ensuring that key properties like The Ellie Beach Resort and DoubleTree Resort by Hilton remain modern, attractive, and financially robust, this investment contributes directly to the overall appeal of the destination. Such initiatives help sustain job creation, bolster local tax revenues, and provide an excellent experience for the millions of tourists who choose Myrtle Beach for their leisure and business travel. It reinforces the notion that a strong private sector, fueled by strategic investment and entrepreneurial foresight, is essential for continued economic vibrancy.
The ongoing development and improvement of existing properties, alongside new ventures, will be vital for Myrtle Beach SC business to continue its upward trajectory. We encourage our readers to support the diverse array of local businesses that contribute to our community’s unique charm and economic strength. Stay engaged with HEREmyrtlebeach.com for more insights into the dynamic economic landscape of the Grand Strand.
Frequently Asked Questions
- What is the total value of the bridge debt secured by Singerman Real Estate?
- Singerman Real Estate has secured $85 million in bridge debt for the recapitalization of two Myrtle Beach hotels.
- Which Myrtle Beach hotels are involved in this recapitalization?
- The hotels involved are The Ellie Beach Resort Myrtle Beach, Tapestry by Hilton, and DoubleTree Resort by Hilton Myrtle Beach Oceanfront.
- Who originated the bridge loan for Singerman Real Estate?
- Peachtree Group originated the three-year, floating-rate loan with two 12-month extension options for Singerman Real Estate.
- What is the economic impact of tourism in the Myrtle Beach area?
- The estimated total economic impact of tourism in the Myrtle Beach area is more than $26 billion when accounting for indirect and induced effects such as business supply chains and employee household spending.
- How many jobs does tourism support in the Grand Strand?
- Tourism supports approximately 82,000 jobs throughout the Grand Strand, with an estimated 80 percent of local tourism jobs being year-round and full-time.
Key Features of the Investment
| Feature | Detail |
|---|---|
| Investor | Singerman Real Estate (Chicago-based) |
| Investment Type | Bridge Debt |
| Amount Secured | $85 million |
| Hotels Involved | The Ellie Beach Resort Myrtle Beach, Tapestry by Hilton; DoubleTree Resort by Hilton Myrtle Beach Oceanfront |
| Purpose | Recapitalization |
| Loan Originator | Peachtree Group |
| Loan Term | Three-year, floating-rate loan with two 12-month extension options |
| Singerman Hospitality Portfolio | 15 hotels in 16 states, largely Marriott and Hilton brands |
Deeper Dive: News & Info About This Topic
HERE Resources
Golf and Relaxation: Discovering Myrtle Beach for Retirees
Owls Prepare for Bowl Showdown in Myrtle Beach
2025 Myrtle Beach Bowl Features Conference Champions
Myrtle Beach’s Enduring Holiday Tradition: The Carolina Opry Christmas Special
Myrtle Beach Airport Expansion Progresses
Beaches Renewed: A Long-Term Investment in North Myrtle Beach’s Future
Broncos Win MAC Championship, Prepare for Myrtle Beach Bowl
2025 Golf Season Highlights in Augusta
Myrtle Beach Golf: A Top Dog-Friendly Vacation Destination for 2026
Golf and Affordable Travel for Retirees in 2026
Author: STAFF HERE MYRTLE BEACH
The HERE Myrtle Beach Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Myrtle Beach community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Myrtle Beach Our team includes lifelong Myrtle Beach residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent developments along the Grand Strand, Myrtle Beach’s tourism and hospitality industry, and growth in local education sectors (e.g., Coastal Carolina University programs). Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Myrtle Beach Area Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
