Hilton Grand Vacations and Strand Capital Group Set to Reach New Heights with Second Project in Myrtle Beach
Hilton doubles its timeshare presence in Myrtle Beach, S.C. with city’s tallest construction project by Strand also distinguished as community’s first new-build oceanfront development in six years
ORLANDO, Fla. - Hilton Grand Vacations (HGV) and Strand Capital Group today announced the development and sales launch of Ocean 22 by Hilton Grand Vacations Club in Myrtle Beach, SC. The area's newest purpose-built timeshare project combines the industry-leading sales and marketing expertise of Hilton Grand Vacations with the established development strength of Strand Capital Group, the premier real estate development firm along the Carolina Coast.
Upon completion Ocean 22 will be the tallest resort in the City of Myrtle Beach — topping out at 240 feet and featuring 24 floors. The tower, now under construction at North Ocean Boulevard and 22nd Avenue, is Strand's 15th high-rise project and the second project developed in collaboration with Hilton Grand Vacations. The project also holds the distinction of being the first new oceanfront resort construction in Myrtle Beach since 2008. Construction and hypothecation financing is provided by Western Alliance Resort Finance — a division of Western Alliance Bank.
Slated to open in the summer of 2015, the Ocean 22 tower will initially be comprised of 220 luxuriously-appointed condominium style units including one-, two- and three-bedroom ocean view and oceanfront suites. Located in the heart of the Grand Strand and overlooking the Atlantic Ocean, the property will also include an outdoor feature pool, indoor pool and hot tub, pool bar, lobby bar, fitness center, grab-n-go deli and a dedicated kids' area.
Guests will also enjoy direct access to the public beach from the resort's private pool deck area.
Strand Capital Group has developed the project and Hilton Grand Vacations will manage the sales and marketing of deeded real estate intervals, resort operations, timeshare homeowners' association management and loan servicing on behalf of Strand. As part of the overall project, a purpose-built 10,400 square foot Sales Gallery is also being constructed directly across from the tower on Ocean Boulevard and HGV will be the sole tenant. The state-of-the-art Sales Gallery is projected to open in January 2015.
According to Mark Wang, President of Hilton Grand Vacations, "Inspired by the tremendous success of our initial collaborative relationship with Strand Capital Group, Hilton Grand Vacations Club at Anderson Ocean Club, we are proud to introduce a sequel location in Myrtle Beach. We are confident that our ongoing collaboration with Strand will further strengthen our Hilton presence within this thriving region.
"Patrick Lowe, Principal Partner with Strand Capital Group commented, "We are pleased to yet again engage with Hilton Grand Vacations in bringing another first-class timeshare resort to the Myrtle Beach area." Loyd Daniel, Managing Partner of Strand Capital Group added, "This milestone project is further testament to the remarkable developments made possible only through this unique collaboration and innovative business model."
Ocean 22 by Hilton Grand Vacations Club is located in central Myrtle Beach on the oceanfront at 2200 North Ocean Boulevard. Interval sales of the property launch today. For more information about the project, please contact (843) 848-8101 or visit hiltongrandvacations.com.
Contact: J. Patrick Lowe
Strand Capital Group