One of South Carolina’s largest privately owned conference venues and resorts has changed hands in a transaction valued at $156 million.
RLJ Lodging Trust announced the sale of the oceanfront Kingston Plantation on Monday.
The 160-acre Grand Strand property is made up of the 385-room Myrtle Beach Resort and the 255-room Embassy Suites by Hilton Myrtle Beach Oceanfront Resort. The two hotels have a combined 100,000 square feet of meeting and event space, along with numerous other amenities.
The deal also included more than 1,600 residential condominiums and townhomes and about 2,800 feet of beachfront property along the Atlantic Ocean.