Springmaid Beach Resort, which anchors the south end of Ocean Boulevard in Myrtle Beach, has been sold for $40 million, according to records at Horry County.
A news release issued by a California-based investment partnership said the resort was sold to an affiliate of Integrated Capital LLC and its partner, KBS Strategic Opportunity REIT II.
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The resort opened in 1948 as a private getaway for employees of Springs Mills and includes a 500-room hotel, conference center, camping facility and pier. It opened to the public in 1953.