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Boykin Management Company is Selected to Manage 1,100
Condominium Units on the Oceanfront of Myrtle Beach, SC
Cleveland, Ohio, April 18, 2005—Boykin Management Company, one of the nation’s leading
independent hotel and resort management companies, has announced the addition of Sands Resorts to its
managed portfolio. Sands Resorts, one of Myrtle Beach’s largest collections of oceanfront
condominium hotel units, suites and villas, is owned by Sands Resorts Holdings LLC.
The Sand’s properties (www.sandsresorts.com) include 1,513 units and are proximate to one another at
the northern end of Myrtle Beach. Sands Resorts includes five condominium resort properties: the
Sand Dunes Resort Hotel, Ocean Dunes Resort and Villas, Sands Beach Club, Ocean Forest Villas, and
Ocean Forest Plaza. The Sand’s resort facilities include a multitude of recreational activities and
amenities, including the Sands Waterpark, indoor and outdoor pools, lazy rivers, saunas and
whirlpools, the Sands Health Club, and tennis courts. In addition, Sands has a variety of oceanfront
restaurants and lounges, the River City Café™, extensive conference and meeting facilities, a
centralized reservation center and a commercial laundry operation. Nearly 1,100 unit owners are
enrolled in the Sands rental program. Legends Golf (www.legendsgolf.com), an affiliate of Sands
Holdings L.L.C., has controlling interests in eight of the premier resort golf courses in Myrtle
Beach. Sand’s guests and unit owners have access to all of the Legends golf courses, which include
the Heathland, Moorland, Parkland, Oyster Bay Golf Links, and Heritage Club courses, and the Norman,
Love and Fazio courses at Barefoot Golf.
"We are delighted that Sands Resorts Holdings LLC has selected Boykin as its operating partner and
we fully expect that our expertise in operating independent condominium resorts will bring high
value to the Sands operation and unit owners. Myrtle Beach continues to grow as one of the nation’s
most popular resort destinations, and is a strong compliment to our resort operations in North
Carolina and Florida. We expect the transition to be seamless to guests, employees, and the unit
owners” stated Joseph Smith, Chief Operating Officer of Boykin Management Company.
Larry Young, the Chairman of Sands, said: "We are pleased to announce an alliance with Boykin
Management Company. As a first step, we have asked Boykin to review and assist in the management of
the Sands' resort hotels here in Myrtle Beach. We plan immediately to move forward on some of the
new projects that have been under study for some time, and to work with Boykin in developing those
for the Grand Strand market."
About the Company
Boykin Management Company operates first-class and upscale full service, resort, condominium and
conference center hotels. Boykin Management Company currently operates branded and independent hotels
with over 8,500 rooms from coast to coast. For more information about Boykin Management Company,
please visit our website at (www.boykin.com).
Boykin Management Company contact: Grant Sabroff, Senior Vice President of Business Development,
(216) 430-1282.
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