The Sanderling Resort has been sold, although it appears as though the proposed expansion of the property will proceed as planned, according to information released through PR Newsire. The resort will continue to be managed by Northview Hotel Group, which has overseen daily operations at the resort since May 2012.
“Carey Watermark Investors Incorporated (CWI), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Sanderling Resort, a 106-room full-service resort, located in Duck, North Carolina on the Outer Banks. The purchase price was $38 million.”
[box type=”bio”] For complete information about the sale of the Sanderling, click HERE.[/box]