In 1998 Strand structured the $28 million acquisition of this 301 suite and hotel unit property. Coral Beach was recently named the #1 Family Beach Resort Hotel on the Grand Strand by the Travel Channel, which also named Myrtle Beach #8 in its recently released and televised special of the top ten beaches in America.

While named #8 overall, Myrtle Beach was simultaneously named the #1 Family Beach destination in the United States.