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City of Myrtle Beach Director of Public Information Mark Kruea said that every 1,000 short-term rentals turned into long-term ones equals a loss of $5.7 million in direct economic impact.
That’s barely enough to pay the rent in many U.S. cities, let alone other bills. ... with average monthly rents of less than $1,100 a month and a median home price of just under $213,000 ...
“Short-term rentals average $72 to $90 a night,” he said, making it an affordable option for families wanting to explore one of Latin America’s most vibrant cities. ... Myrtle Beach, South ...
A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. [ 1 ]
Myrtle Beach is the largest principal city of the Myrtle Beach-Conway, SC Combined Statistical Area, which had an estimated population of 463,209 in 2023, [7] and includes the Myrtle Beach-Conway-North Myrtle Beach, SC Metropolitan Statistical Area (Horry County) and the Murrells Inlet, SC Micropolitan Statistical Area (Georgetown County). [30 ...
The Myrtle Beach metropolitan area (officially the Myrtle Beach–Conway–North Myrtle Beach, SC Metropolitan Statistical Area) is a census-designated metropolitan statistical area (MSA) consisting of Horry County in South Carolina. The wider Myrtle Beach combined statistical area (CSA), a trading area, includes adjacent Georgetown County ...
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On April 23, 2013, it was reported by The Sun News that a California-based real estate investor and developer HomeFed Corp has acquired BEI-Beach LLC, who owns The Market Common and the undeveloped land around it, as well as other subsidiaries of Leucadia National Corp. Myrtle Beach city official say that the deal could lead to development moving forward quicker on some of BEI-Beach LLC's ...
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