Representative Transactions

Daytona Beach Investment Fund, LLC has continued the operations of Inn on the Beach through a sale to Humphrey Realty Corporation, Inc.

TRANSACTION LEADERS

The Inn on the Beach: SC&H Capital was retained by Daytona Beach Investment Fund, owner of The Inn on the Beach, shortly after it filed for Chapter 11. The Inn on the Beach is a 198 room beach front hotel in Daytona Beach, Florida. Its planned conversion to a “condotel” had fallen apart, leaving the hotel under-occupied and falling into a state of disrepair. Prior to SC&H Capital’s involvement, the sale process was extremely chaotic, with realtors representing below market buyers, pestering the owners, and nobody looking out for the best interest of the estate. SC&H conducted an exhaustive marketing campaign which led to three solid offers within sixty days. SC&H Capital’s efforts resulted in an auction in Bankruptcy Court, which eventually led to the hotel selling for roughly 20% more than the best initial offers.