Surf City, NC – August 21st, 2020 – Carolina Retreats, a leader in vacation rental management and hospitality solutions based in Surf City, has recently announced the acquisition of the Island Resort and Inn located on Oak Island, North Carolina.
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The Island Resort and Inn, originally constructed in the 1960’s, then added on to in the early 80’s, consists of 22 total rental units. With direct ocean views from each room, the Island Resort and Inn features 10 units that are double occupancy motel style rooms, perfect for a couple looking to getaway for a weekend, and 12 that are 1 and 2 bedroom apartment style units featuring mini kitchens, separate bedrooms, and large living spaces. Guests can currently enjoy an onsite swimming pool and convenient beach accesses, as well as walking distance to the oceanfront Lazy Turtle Bar & Grill and the Oak Island Pier.
“I am extremely excited for the opportunity take the Island Resort and Inn into the future as its next owner”, stated Mike Harrington, CEO & Owner of Carolina Retreats. “When we stumbled upon the Island Resort and discovered it was for sale, I immediately fell in love with the property. From the location, the guest room layout, and the history, it checked all the boxes of not only a successful business opportunity, but the potential to leave a legacy and turn it back into a prized asset for the community of Oak island. We’ll be planning a phased renovation of the entire property as soon as the season ends, making improvements over time and as needed”, Harrington concluded.
With the acquisition of the Island Resort and Inn, Carolina Retreats will be operating the property under their current vacation rental and vacation motel and inn portfolio which now includes; Topsail Realty by Carolina Retreats and the Loggerhead Inn, both on Topsail Island, Carolina and Kure Beach, and now the Island Resort and Inn on Oak Island.
About Carolina Retreats:
Carolina Retreats is a specialty lodging, vacation rental management, and real estate consulting company headquartered in Surf City, NC. Through our local brands and affiliates, we provide unrivaled property management and hospitality services to over 300 property owners by utilizing high-tech tools, modern online marketing, and an unparalleled team. Our singular focus is on creating unforgettable, authentic experiences for our valued Guests, and protecting our Owner client’s hard-earned assets while maximizing their income and occupancy potential.