![]() ![]() “We are avidly interested in the Southeast but primarily North Carolina,” he said in a Greater Wilmington Business Journal story in June. The group owns other vacation rentals in Carolina and Kure beaches, but the Oceaneer is its first motel. ![]() The company he manages, Wilmington-based Sailfish Real Estate Capital LLC, bought the 28-room Oceaneer Motel at 1621 Lake Park Blvd. To Rob McCord, owning a Carolina Beach motel represents a wise investment amid ongoing travel trends. Other motel investors have been lured to the area’s beach town motels. “I really enjoy sitting on the rockers and talking to my guests and holding everybody’s dog and greeting them … that’s the fun part,” said Tollens, who has five dogs of her own. “So we got that and then Cole’s Motel came up for sale, and we thought, wouldn’t it be fun to have another one and connect the two? Because they’re literally one street apart,” she said.Īt first, the couple planned to stay in Charleston and hire someone to run the properties, but Tollens kept spending more time at Carolina Beach. I think for them, knowing that they were going to sell to somebody who felt and had the same passion was important to them.” They had devoted just so much sweat, blood and tears, 12 years of hard work. “But I really connected well with the sellers. She said she went up against about 25 other potential buyers for the Carolina Beach Inn, located a short walk from the beach at 205 Harper Ave. ![]() And I always told my husband if it ever comes up for sale, I’m gonna grab it, and of course, it came up for sale in May.” “I always saw it and just thought it was the cutest little building,” Tollens said. Her attraction to the Carolina Beach Inn began with her own family’s beach trips. Tollens, who recently moved to the area from Charleston, South Carolina, bought the 12-room Carolina Beach Inn for $1.85 million in May and the 22-room Cole’s Motel & Pool for $2.35 million in September. Those in the industry say the investments make sense at a time when the rise of working vacations, the availability of outdoor amenities and other factors have made beach towns even more attractive to travelers. Tollens is one of a growing number of buyers investing in beach hotels, especially in Carolina Beach where motel sales have been on the rise this year. At the motels owned by Cassandra Tollens in Carolina Beach, furry and feathered family members are welcome.įew lodging facilities in the New Hanover County beach town allow pets, but Tollens, a real estate investor who’s dipping her toes into the hospitality industry, said that’s one of the amenities that will set her motels apart from many others. ![]()
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