Drifting Sands Motel Sold for $12.5 Million

Sep 13, 2017

Change is in the air. The Drifting Sands Oceanfront Motel, a 100-room oceanfront motel in Ship Bottom, has been sold to an Ocean City, Md.-based real estate development company specializing in commercial and hospitality properties, according to a press release posted on the company’s website.

Blue Water Development, founded in 2002 by Jack and Todd Burbage, purchased the oceanfront property for $12.5 million earlier this summer, Darren Hebold, president of LUX Realty, which brokered the deal, announced. Shamrock Enterprises of LBI, LLC, which owned and operated the motel since 2000, expanded the motel in 2005, according to Hebold.

“We’re excited to expand the Blue Water family into New Jersey through the charming addition of the Drifting Sands,” Todd Burbage said in his company’s press release. ”It’s a traveler’s dream as the Long Beach Island gateway drops you off right at the property – no navigating required. It’s a wonderful choice for families seeking a quiet beachfront vacation with easy access to all the Jersey Shore has to offer. We knew it was a gem as soon as we saw it.”

Blue Water Development owns properties operating mainly in Delaware, Maryland and Virginia. Blue Water’s diverse portfolio includes three luxury RV resort properties: The Resort at Massey’s Landing in Millsboro, Del., KOA – Chincoteague Island in Chincoteague, Va., and Sunset Beach RV Resort in Cape Charles, Va.; four hotels: Bethany Beach Ocean Suites, The Commander Hotel in Ocean City, Md., Aloft Hotel in Ocean City, Md., and Fairfield Inn & Suites on Chincoteague Island; and three recreational venues: Blue Water Golf, Maui Jacks Waterpark in Chincoteague, Va., and Sea Rocket in Ocean City, Md. —G.G.S.

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