Sea Pines Villa: Are They Ready for the Big One?

Abstract

Sea Pines Villa (SPV) manages and rents 42 vacation villas on a barrier island near South Carolina. The island is a celebrated higher-end tourist destination, and business has thrived. From April through October, SPV books rentals “boutique” style, with guests renting from three nights to three weeks. From mid-November through March, the bulk of rental activity is for monthly occupancies. For the last five years, SPV has enjoyed almost no vacancies except for scheduled deep cleanings, remodels, owner occupancies, and the like.

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