EOS Investors Acquires Bethany Beach Resort Portfolio
NEW YORK, May 20, 2021 /PRNewswire/ -- EOS Investors LLC ("EOS"), a privately held real estate investment firm, today announced its acquisition of two hotels – the Ocean Suites Bethany Beach, Residence Inn ("Ocean Suites") and the Holiday Inn Express Bethany Beach – located in Bethany Beach, Delaware, one of the leading summer destinations in the Mid-Atlantic region.
The 112-key Ocean Suites – a Residence Inn hotel, part of Marriott Bonvoy's extraordinary portfolio of over 7,600 properties – is one of the leading hotels in the Delaware beaches, located directly on the Bethany Beach boardwalk. The 100-key Holiday Inn Express Bethany Beach is a complementary property that is located two short blocks to the beach and central to Bethany Beach's shopping, restaurants, and other amenities.
"EOS is excited to welcome two additional drive-to leisure properties to the portfolio while expanding its footprint in the Delaware beaches," said Tom Burns, Managing Director at EOS. "These two assets continue our strategic approach of identifying unique assets in high barrier-to-entry markets with attractive long-term demand growth."
Simon Mais, Chief Operating Officer at EOS Hospitality added, "We look forward to building on the longstanding success, welcoming hospitality and deep ties to the Bethany Beach community that the properties have fostered for many years."
"Bethany Beach is a fantastic resort town in Delaware. I enjoyed working with the EOS team on the sale of these two hotels, and I look forward to seeing them continue the close relationship with the Bethany Beach community that we developed over many years", said Jack Burbage, managing member of the hotels and founder of Bluewater Hospitality Company.
Opened in 2015, Oceans Suites is the first and only hotel located on the historic Bethany Beach boardwalk in Bethany Beach, Delaware. Each of the 112 guest suites boast full kitchens and private balconies, many of which overlook the Atlantic Ocean or iconic boardwalk. Additional amenities include the Spa by Oceanova, full-service restaurant and bar, 99 Sea Level, fitness center, swimming pool, and 7,600 square feet of meeting space.
Holiday Inn Express Bethany Beach is a 100-key hotel that offers superior accommodations for budget-conscious travelers. Located a short distance from Bethany Beach, the property also features a fitness center, business center, outdoor swimming pool and 1,400 square feet of meeting space that can accommodate up to 100 people.
Ocean Suites and Holiday Inn Express Bethany Beach mark the second and third Delaware-based properties acquired by EOS, joining The Bellmoor Inn and Spa, a 78-room hotel located in nearby Rehoboth Beach, Delaware. Mr. Mais added, "we look forward to welcoming returning guests to our three outstanding properties; for those who have not visited yet, we look forward to hosting you in our hotels and introducing you to the Delaware beaches."
About EOS
EOS is a fully integrated investment firm dedicated to identifying and creating value within the hospitality sector. EOS utilizes a highly selective investment approach focused on high-quality, differentiated assets with attractive risk-adjusted returns. Headquartered in New York City, EOS seeks investment opportunities across the United States, with an emphasis on major urban markets and resort destinations. To learn more about EOS, please contact [email protected].
About Residence Inn by Marriott
Residence Inn by Marriott is the global leader in the longer stays lodging segment with more than 850 properties in over 15 countries and territories. Guests have the freedom to travel the way they live with Residence Inn's spacious suites featuring distinct living, working, and sleeping spaces. Travelers can maximize their time and thrive while on the road with fully equipped kitchens in each suite, grocery delivery service, 24/7 grab-and-go markets and complimentary breakfasts. The warm and inviting public spaces feature modern residential design allowing guests to feel right at home, paired with the added amenities of upscale hotel living. Residence Inn is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.com. For more information or reservations, visit residence-inn.marriott.com.
About Holiday Inn Express®
For travellers on the go, Holiday Inn Express offers the basics done brilliantly – a great night's sleep with EXPRESS Recharge, free high-speed Internet, and the Express Start® breakfast included in the rate, all designed to help guests feel more than ready for their day. As the fastest growing brand for the IHG® Hotels & Resorts Holiday Inn Express hotels are around the world, offering a simple, smart travel experience making it the perfect launchpad for the next connection wherever they go. For more information, visit www.holidayinnexpress.com [holidayinnexpress.com], and connect with us on Facebook www.facebook.com/holidayinnexpress [facebook.com], Twitter www.twitter.com/HIExpress [twitter.com], and Instagram www.instagram.com/holidayinnexpress [instagram.com].
CONTACT:
Bryan Barbieri
[email protected]
SOURCE EOS Investors LLC
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