Blue Water Advancement reports sales of two Bethany hotels

Blue H2o Development, a leading real estate expense and outdoor hospitality administration enterprise, declared the sale of the only two inns in the popular East Coast seashore community of Bethany Beach front.

The 112-place Bethany Seashore Ocean Suites Residence Inn by Marriott, and the 100-area Holiday getaway Inn Specific Bethany Beach were ordered by a privately held serious estate expense organization.

Blue Drinking water developed the Bethany Seaside Ocean Suites in 2015 as the to start with and only hotel on the resort’s boardwalk the oceanfront luxurious resort has been the upscale lodging of selection in Delaware’s Peaceful Resorts at any time due to the fact.

“Our emphasis is creating standout lodging for our friends, and we considered that navigating the complicated course of action of a boardwalk develop in a single of the most fascinating East Coastline beach locations would be perfectly well worth the effort and hard work – and we have been appropriate,” said Todd Burbage, Blue Drinking water CEO. “At Blue H2o, we don’t shy away from complicated jobs. The stellar overall performance of the Ocean Suites is just a person instance of our ongoing persistence and perseverance to develop exclusive, significant-stop, spouse and children-helpful property in markets with substantial boundaries to entry. We appear ahead to pursuing equivalent possibilities and know that we’re leaving this unique project in very good arms.”

To further more provide households and small business tourists viewing Bethany Beach and the bordering Coastal Delaware communities, Blue Drinking water obtained the Holiday break Inn Express in 2018. Featuring an outside pool, exercise centre and ample meeting area, this is the only other lodge in the instant space and is just two blocks from the seashore.

“Building, proudly owning and running these hotels – alongside with our various drinking water-adjacent homes – has supplied us with one of a kind insights on what household beachgoers are on the lookout for in the two a spot and an expertise,” Burbage said. “We’re fired up to implement these insights to new areas through the region and operate to give the final family vacation working experience for all of our tenting, glamping and hoteling families.”

In addition to its existing portfolio of extra than 20 waterfront or water-adjacent attributes, Blue Water is now creating seven RV resorts and four motels. The agency specializes in reworking qualities to upscale, luxury assets by focusing its portfolio on by now-formulated houses with development opportunity in appealing destinations in close proximity to a entire body of water and/or public park lands. Blue Drinking water also has intensive knowledge in the entitlement and ground-up building of resort accommodations and RV resorts.

For additional information, go to bwdc.com/portfolio/. To talk about acquisition or investment alternatives, contact Carl Kruelle, chief financial commitment officer, at [email protected]