Industrial News

David O’Connell, of New Resorts, is Myrtle Beach’s leading expert in the oceanfront preconstruction market, and indicates that the company presently has more than six hundred million dollars of resort property in various stages of sales, planning, preconstruction and development.

New Resorts is brought in by developers to sell 90 percent of the units in order to meet lending requirements. By pre-selling enough units to cover most of the developer’s land and construction costs, it ensures the lenders a level of comfort, and provides the buyers with special preconstruction pricing. Myrtle Beach is one of the country’s best family vacation spots. With about 13.5 million people visiting the Grand Strand every year, the strong economy and growing popularity of Myrtle Beach as a tourist destination contributes to the strong demand for oceanfront condos as well as investment properties.

David came to Myrtle Beach eight years ago and quickly became number one for promoting oceanfront preconstruction condominiums. He has always had a knack for staying ahead of the curve. With early purchases of internet domain names like PreconstructionCondos.com, NewResorts.com, InvestmentCondos.com, OceanfrontRealEstate.com, and a host of others, O’Connell knew that his combination of oceanfront real estate business, preconstruction real estate sales, and internet savvy would keep him busy for many years to come. He is always looking at things from a marketing prospective.

Douglas Clayton of Real Estate 1031 Exchange Company in Winston-Salem NC, and O’Connell’s business partner, says that he has never met a person with as many successful real estate projects going on at the same time.

O’Connell explains, “I have been extremely lucky to have as many smart & trustworthy partners as I have in my 15-plus partnerships. Each partner specializes in just one or two things and because of my relationships, I have an open invitation for myself as well as my investors to participate. I have partners that buy, develop and sell: Shopping Centers, Large Residential Apartments, Medical Facilities, and High-rise Oceanfront Resorts; as well as Golf Course and Large Residential Developments. I have found by helping people invest into real estate projects they wouldn’t normally have access to, it has diversified my clients as well as my own real estate portfolio.“

Lane Yates of Yates Development in Salisbury NC is another of David’s close associates. “I met David many years ago and finally found a deal that we could both participate in called The Salisbury Village, a 26 acre commercial track at the corner of Jake Alexander Blvd and Route 150, in Salisbury.” Yates continues; “David seems to have this way of placing the right investors with the right real estate investment projects (A Deal Match-Maker). He also is building the most dynamic resort condo sales and marketing machines in the southeast and the Caribbean. David envisions the kind of resorts and developments his buyers & investors would be most attracted to, and then finds the oceanfront land to develop those projects. He’s one of those guys you just want to do a deal with.”

Yates developed an interest in Turks and Caicos real estate, and with O’Connell, is embarking on a 60 acre oceanfront/bayfront project called Sailview Resort. The project will be ready for preconstruction release in the summer of 2005. O’Connell says that Lane researches a deal 20 different ways backwards and forward, and they compliment each other’s talents, which makes a great team.

David also targets motel owners that have a great piece of land, under a less efficient hotel or motel. Then he creates a vision that a hotel/motel operator sees as a win-win proposition. The operator ends up renting out a brand new oceanfront high-rise resort with state-of-the-art facilities, and the buyer is pleased with a discounted preconstruction price and an elegant new condominium to either rent or sell.

“There is definitely going to be a shortage of oceanfront land in the not so distant future.”, predicts O’Connell. ”Investors are buying preconstruction condos with the intent of either selling them at completion or holding on to them and renting them out to vacationers.”

With no limit yet in sight to the many preconstruction opportunities, New Resorts will continue to be the top source for investors and beach-lovers wanting to buy new condos in Myrtle Beach, the North Carolina Beaches, and even internationally.

For more information, and to get on the mailing list to be informed of new construction developments, visit the website below or call David O'Connell at 843-455-5500.

New Resorts LLC
2423 Hwy 17 South
North Myrtle Beach, SC 29582
http://www.newresorts.com
1-866-94-SALES (866-947-2537)
(843) 361-SALE (843-361-7253)
(843) 602-SALE (843-602-7253)
(843) 272-1347 (Fax)

Also see our other press release at:
http://www.prweb.com/releases/2004/12/prweb183626.htm