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High-Rise
The Yachtsman
Myrtle Beach, South Carolina
159-Unit Complex Consisting of 2 High Rise Buildings
Hybridge Capital Management acquired the Yachtsman Timeshare Resort in January 2024 through an off-market bankruptcy transaction. The property is a 159-unit oceanfront complex comprised of two high-rise towers in Myrtle Beach, South Carolina.
The business plan is focused on a partial condo sell-out and multifamily conversion strategy, leveraging strong demand for residential and hospitality alternatives along the Grand Strand. The property features a mix of studio, one-bedroom, and two-bedroom condo-style units across five configurations, with an average unit size of 507 square feet.