Myrtle Beach Real Estate Company Sells $125,000,000 in Thirty Days
Myrtle Beach Real Estate marketing trend setters continue breaking records.
(PRWEB) May 26, 2005 -- The Hoffman Group,
Inc., Myrtle Beach’s most prolific oceanfront preconstruction condos
and renovation condos sales and marketing company announced the
record-breaking sellout of three oceanfront hotel conversion properties
featuring some 700 units valued at more than $125,000,000 in a 30 day period.
Myrtle Beach Real
Estate
The Monterey Bay Suites Resort, the Landmark Hotel and the
Caribbean Suites Resort were offered in pre-reservation simultaneously. The
buyer response was blinding and unprecedented.
At the same time the
company is presently closing some 1,000 Myrtle Beach condos for
sale sold in preconstruction over the past several months. Avista Oceanfront
Condos Resort Phase 1 and Phase 2, Pinnacle Oceanfront Condos Resort, Schooner
Oceanfront Condos Resort, Boardwalk Oceanfront Condos Resort and Ocean Reef
Oceanfront Condos Resort are among the properties now closing.
Company
President, David Hoffman indicated that the company presently has more than
$500,000,000 in sales in various stages of development. Other properties include
The Island Oceanfront Condos Resort, Dunes Village Oceanfront Condos Resort
Phase 1, Dunes Village Oceanfront Condos Resort Phase 2, Sandy Beach Oceanfront
Condos Resort Phase 2, Grand Atlantic Oceanfront Condos Resort, Ocean Reef
Oceanfront Condos Resort Phase 2 and Seaside Oceanfront Condos Resort.
The Hoffman Group assures developers it will sell 80 percent
of the units to meet lending requirements. Presales help ensure the venture's
success and give developers the financial means to pursue the projects. "That's
one of our commitments to developers - that we do sell it out," Tim Horton said.
"Myrtle Beach is one of the most aggressive rental markets. Myrtle Beach is one
of the most thriving, vibrant markets for vacationers." About 13.5 million
people visit the Grand Strand annually. The strong economy and growing
popularity of Myrtle Beach as a tourist destination contribute to the condos'
brisk sales, experts say.
With advertisements in publications including
The Wall Street Journal, The New York Times and N.C. newspapers in Charlotte and
Raleigh, investors are buying most of the condos with the intent of renting them
to vacationers, Horton said.
David Hoffman is an innovator. He looks at
old things in new ways… like leading his oceanfront motel operator clients to
become among the elite high-end Myrtle Beach Resort operators. How does he do
that? Simple. By building one of the most dynamic resort condos sales and
marketing machines in the southeast, envisioning the kinds of resorts his buyers
would be most attracted to, then finding the oceanfront land to develop those
ventures. Only one problem. There is no more oceanfront land. No problem for an
innovator. Hoffman simply targets motel operators that control quality pieces of
land with existing older, less efficient properties that in his opinion, "simply
need to be cleared away." Then he sells that vision to his motel
operator-clients who ultimately end up controlling the lion's share of rental
income units within the new, state-of-the-art resorts and presto-chango - you
have a burgeoning market of dynamic new developments with all of the bells and
whistles!
Instead of a tired old motel in constant need of repair,
struggling to compete with the big players and new properties, the new
prestigious resort operator has zero debt, zero maintenance, zero property taxes
(except for the commercial areas) and an opportunity for an annuity-like income
that continues year after year in the form of management fee
profits.
Contact:
Bryan Pearl
256-498-0320
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Source : http://www.prweb.com/releases/2005/5/prweb244940.htm