Blue Water Development Announces Sale of Two Bethany Beach, Delaware Hotels | News
OCEAN Metropolis, Md., June 16, 2021 /PRNewswire-PRWeb/ — Blue Water Development, a leading actual estate financial commitment and outdoor hospitality management organization, a short while ago declared the sale of the only two lodges in the well known East Coast beach local community of Bethany Beach front, Del. The 112-area Bethany Seaside Ocean Suites, Residence Inn by Marriott, and the 100-place Holiday break Inn Categorical Bethany Seashore were bought by a privately-held real estate expense organization.
Blue Drinking water constructed the Bethany Beach front Ocean Suites in 2015 as the 1st, and only, resort on the resort’s boardwalk, and the oceanfront luxury resort has been the upscale lodging of alternative in Delaware’s Tranquil Resorts ever since.
“Our concentrate is making standout lodging for our guests, and we thought that navigating the intricate method of a boardwalk create in one of the most appealing East Coast beach front places would be effectively really worth the exertion – and we were being suitable,” mentioned Blue H2o CEO Todd Burbage. “At Blue Water, we will not shy away from complicated initiatives. The stellar functionality of the Ocean Suites is just one particular illustration of our ongoing persistence and willpower to produce unique, large-end family-helpful assets in marketplaces with higher barriers to entry. We look ahead to pursuing comparable prospects and know that we are leaving this unique task in superior hands.”
To additional serve households and small business tourists visiting Bethany Seashore and the encompassing Coastal Delaware communities, Blue H2o obtained the Getaway Inn Specific in 2018. Giving an outside pool, health middle, and sufficient assembly house, this is the only other hotel in the instant spot and is just two blocks from the beach.
“Constructing, possessing and running these hotels – together with our a lot of drinking water-adjacent attributes – has supplied us with distinctive insights on what family beachgoers are searching for in both equally a spot and an practical experience,” Burbage extra. “We’re fired up to use these insights to new locations throughout the state and get the job done to provide the greatest getaway working experience for all of our tenting, glamping and hoteling households.”
In addition to its present portfolio of just about two dozen waterfront or water-adjacent properties, Blue Water is currently producing seven RV resorts and 4 accommodations. The business specializes in transforming homes to upscale, luxury belongings by focusing its portfolio on previously-formulated houses, with advancement opportunity, in attractive areas around a system of h2o and/or general public park lands. Blue H2o also has in depth practical experience in the entitlement and ground-up design of resort inns and RV resorts. Master more about the Blue Water portfolio of motels, RV resorts, and attractions at https://bwdc.com/portfolio/.
To go over acquisition or financial investment options, remember to make contact with Carl Kruelle, Main Financial investment Officer, at [email protected].
About Blue Water Development
Founded by Jack and Todd Burbage in 2002, Blue H2o specializes in investing, developing, and managing RV resorts, campgrounds, resorts, and sights. Blue Water’s built-in method to marketing, profits management, and operations has speedily recognized alone as a hospitality industry chief. With two dozen resort-place attributes in East Coast
states from Maine to Florida, the Blue Water family is dedicated to building elite assets, delivering fantastic guest ordeals, and boosting the communities we provide. To study far more, visit BWDC.com.
Media Get in touch with
Tim Fisher, Blue Drinking water Advancement, 4102131900, [email protected]
Steve Adams, The Cyphers Agency, 410.280.5451, [email protected]
Source Blue Water Progress