MYRTLE BEACH, SC—I wrote just yesterday about one telling sign of a hot hotel market. Indeed, there was plenty of activity in the Southeast last year, from hotel acquisitions and dispositions to development.

In one of the first hotel deals of 2014, an affiliate of Los Angeles-based Integrated Capital and its joint venture partner, KBS Strategic Opportunity REIT II, picked up an ocean front hotel resort in Myrtle Beach, SC. Financial terms of the Springmaid Beach Resort's sale were not disclosed.

“This acquisition supports our ongoing growth in the hospitality industry,” says Kenneth Fearn, managing partner for Integrated. Springmaid Beach Resort sits on a quarter-mile stretch of the Atlantic ocean at the south end of Ocean Boulevard.