Marriott Myrtle Beach Grande Dunes Resort
A hotel property in Myrtle Beach, South Carolina. Securitized in 1 CMBS deal in 2024.
$223.0MAppraised value (latest deal)
70.1%Occupancy
$21.4MUnderwritten NOI
9.6%Implied cap rate
- Address
- 8400 Costa Verde Drive, Myrtle Beach, SC 29572
- Property type
- Hotel · Full Service
- Year built
- 2003
- Size
- 405 Rooms
- Sponsor
- William J. Yung III, Martha Yung, William J. Yung IV, Joseph A. Yung, Julie A. Haught, Jud
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2024-BNK48 | 2024-10-01 | $223.0M | 70.1% | $21.4M | 9.6% | $39.9M | 44.7% | 2.69x | 424B |
Historical NOI reported in BANK 2024-BNK48
| Period ending | NOI |
|---|---|
| 5/31/2024 | $21.3M |
| 12/31/2023 | $20.4M |
| 12/31/2022 | $20.5M |
More CMBS properties in South Carolina →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.