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To support its decision, the city cited a Myrtle Beach Area Chamber of Commerce statistic that claimed every 1,000 short-term rentals converted for long-term use would cause a $5.7 million loss in ...
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.
The City of Myrtle Beach paused converting short-term rentals near the ocean for long-term use, and a new report claims doing so the city costs millions.
Loftus was presented the South Carolina Order of the Palmetto in 1997, the Myrtle Beach Area Chamber of Commerce's Citizen of the Year Award in 1998, and the South Carolina Hotelier of the Year Award for 1995–1996. From 1974 to 2002, he was general manager of the Bar Harbor Motor Inn in Myrtle Beach.
“It’s gonna be like a beach house.” The property itself is .66 acres, according to Horry County Land Records. Sold for $375,000 in 2016 , the tract’s market value is $702,640, according to ...
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