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Sinking of a super yacht adds to questions billionaire Mike Lynch wanted to put behind him

I t was a sunny August morning when software entrepreneur Mike Lynch, 59, gathered ten of his closest friends along with his wife and daughter on the dock of Porto di Milazzo, on the Northern coast of Sicily. They had come to celebrate his freedom. Only months before, several of the guests played crucial roles in persuading a San Francisco jury to acquit Lynch of federal charges related to the sale of his software firm Autonomy to Hewlett-Packard for $11 billion. 

Five days after the yacht left port, Lynch, his daughter, four guests, and a hired chef were dead in the Mediterranean Sea after a storm flooded the ship. The drowned included the chairman of Morgan Stanley International, a star witness at Lynch’s trial, as well as one of Lynch’s lead defense attorneys. Among the survivors were a former Autonomy exec who went on to become a partner at Lynch’s venture capital firm, a second member of his defense team, and his wife, who reportedly owns nearly all his fortune. The same day of the drowning, U.K. news outlets reported that Lynch’s co-defendant in the fraud trial, Stephen Chamberlain, who had also been acquitted, had been fatally run over by a car as he was out jogging—a shocking coincidence.

Less than a week after the tragedy, there are far more questions than answers. Did the yacht named Bayesian—an homage to a statistical theorem for predicting future outcomes—simply fall victim to a terrible storm? How did most of the crew and a few passengers escape, and why couldn’t they reach Lynch and the six others who did not make it out? Italian officials are looking into manslaughter charges, but it’s not yet clear who they may have in their crosshairs. Giovanni Costantino, who runs The Italian Sea Group that owns Perini Navi, the Italian maker of the yacht, had harsh words for the crew, who he blames. "This is the mistake that cries out for vengeance," he told Reuters .

There are also huge questions swirling around the business ventures of the man dubbed the “British Bill Gates.” While the Bayesian excursion was to serve as a celebration of Lynch’s acquittal on all charges in the U.S.—where he had spent months under house arrest—the reality is that his legal troubles were far from over. In a January 2022 civil trial, the UK’s High Court found that HPE had “substantially succeeded” in proving that Autonomy leaders had fraudulently made it look like the company was earning more revenue than it was. In 2019 Autonomy’s CFO was convicted of 16 counts and sentenced to five years in prison. At this time, the UK case is in a holding pattern as the judge determines what damages are owed to HPE. (The company’s spokesperson Adam Bauer says HPE is, “saddened by this tragic event, and our thoughts are with the families and friends of all those who lost their lives.”)

But Lynch’s passing also looms over Invoke Capital, the venture firm he founded in 2011 and whose managing partner—Charlotte Golunski—survived the yacht disaster and saved her 1-year old baby. One of Invoke’s most prominent bets was a 2013 seed stage investment in Darktrace, a cybersecurity firm on whose board Lynch sat until 2018. Darktrace has developed a reputation as a sleek AI cybersecurity startup with ties to spy agencies like MI5 and the U.S. National Security Agency. It also became the target of short-sellers who in 2023 expressed doubt over Darktrace’s financial filings—the same sort of allegations that plagued Lynch’s Autonomy. 

Darktrace insists that the shortseller’s allegations were baseless, and they say an EY audit it commissioned showed this to be the case. In April Darktrace received a $5.3 billion acquisition offer from the giant private equity firm, Thoma Bravo. The deal, which Fortune reported will likely go forward despite Lynch’s death, stood to help rehabilitate Lynch’s business reputation. As of August 14, he and his wife collectively owned 3.21% of the company, which would be worth some $170 million upon the deal’s completion. Invoke Capital has not responded to multiple requests for comment and Darktrace declined comment.

Following his U.S. acquittal, Lynch was pleased enough with the state of things that he had begun celebrating weeks before the yacht party. In the days following the not-guilty verdict, Lynch, his wife, Stephen Chamberlain and his wife, the attorney Chris Morvillo—who drowned on Bayesian—and 20 other lawyers gathered at a restaurant at a hotel near the San Francisco courthouse.

Brian Heberlig, an attorney at Steptoe who gave the closing argument in Lynch’s trial, recalls that Morvillo gave a moving toast, telling those assembled that the trial was more than just a job, but one of their life’s works. “He really was a brilliant man,” Heberlig told Fortune , fighting back tears as he remembered Lynch. “And he ran his legal defense the same way I imagine he ran Autonomy. He let the experts do their jobs, while still having a strong grasp on the material. As he used to say, ‘Let the brain surgeons do the surgery.’”

That night was the last time Heberlig ever saw Lynch or Morvillo.

A 'virtually unsinkable' boat

The sailing party departed August 14—five days before the storm—and was comprised of 12 guests and 10 crew. The Bayesian was one of the biggest yachts of its kind. Its first stop was a cluster of small islands off the coast of Sicily. Then it jetted across the sea to the Sicilian town of Cefalu, before putting down anchor for the final time on the coast of Palermo, a favorite getaway for the rich and famous, and a former haunt for the mafia.

Lynch’s wife, Angela Bacares, who reportedly held the couple’s entire $1.1 billion fortune, was jolted awake on August 18 as the boat began to tilt. Glass from a shattered window exploded across the deck, according to reports, cutting her feet as she ran to investigate.

Black and white security  footage  appears to show the outline of what is believed to be the 184-foot sailing yacht, which used call sign 2ICB8, slowly disappearing behind a thicker and thicker veil of rain. Nearby villagers and fishermen say they saw a sea tornado, called a waterspout. Soon after, the yacht lay on the ocean floor.

Theories are swirling about why the yacht sank. One holds that a bay door was left open in the storm, causing the ship to flood and sink in minutes. Another holds that the Bayesian’s 246-foot tall aluminum mast—one of the tallest in the world— broke in the wind and took the boat down with it.

Most news reports say the yacht sank almost instantly, but the CEO of the company that bought the boat’s maker after it went bankrupt in 2021 disputes that. In a Financial Times report, he called the boat “virtually unsinkable,” and says that it dragged its anchor for 16 minutes before it sank. 

During those fateful moments, a far older nearby yacht, the Sir Robert Baden Powell, built in 1957, was drifting on a similar course as the Bayesian and not only survived, but came to help. Some onboard saw a red flare shooting across the rainy sky—an emergency signal from those who had fled the doomed yacht, drawing the attention to a life raft filled with 15 of the 22 passengers.

Passenger Golunski, 35, who helped run Autonomy the first year it was at HP, described holding her one-year old daughter Sophia, as she screamed for help. One of Lynch’s most trusted employees, Golunski was a founding partner at Invoke Capital, the London-based firm that backed Darktrace. Lynch’s wife Bacares was also in the life raft along with Clifford Chance lawyer Ayla Ronald, 36, who reportedly texted to her father: “there are deaths.”

The lifeboat survivors were soon plucked from the sea while the Bayesian came to its current resting place 50 meters below the surface. Over the course of the next 72 hours, a team of scuba divers from the Guardia Costiera and specially trained cave divers from the Vigili del Fuoco, the local fire department, used boats and a helicopter to triangulate the yacht’s position. The divers, working in bursts of 8 to 12 minutes, searched the Bayesian’s six guest suites, master suite, multiple living areas, and dining room.

The body of the yacht’s chef, Recaldo Thomas, was the first to be found, floating on the water’s surface. On Wednesday, two days after the wreck, four more bodies were discovered, and on Thursday a fifth. Among them were Lynch and Chris Morvillo of the prestigious law firm Clifford Chance, who had made the controversial decision to have Lynch testify, and questioned him on the stand right before he was acquitted. The others discovered were Morvillo’s wife, Neda, as well as the Morgan Stanley banker and key witness, Jonathan Bloomer, who had been a former executive director at Autonomy, and his wife Judy. The body of Lynch's 18-year-old daughter, Hannah, was pulled from the sea on Friday.

The U.K. Maritime and Coastguard Agency tells Fortune it is in contact with the Italian authorities but would not provide further information. The UK’s Foreign Office told Fortune it is providing “consular support to a number of British nationals and their families…and are in contact with the local authorities.”

More questions than answers

Even as loved ones and the survivors begin to come to terms with the human toll of the tragedy, the business world has begun assessing Lynch’s complicated past, and his many business dealings. 

Lynch was born of modest means to a nurse and firefighter in a suburb of London. From an early age he showed a proclivity towards technology and a fiery determination. He studied Natural Sciences at Cambridge, then returned for a PhD in artificial neural networks, the building blocks of artificial intelligence. When he was still studying for his PhD, he started his first venture, Cambridge Neurodynamics, monetizing computerized fingerprint recognition, eventually evolving into Autonomy. 

Founded in 1996 with David Tabizel and Richard Gaunt, Autonomy used an early version of artificial intelligence to quickly scan what’s known as “unstructured data,” especially including language. Autonomy quickly became a darling of the UK’s fledgling tech scene, and it was seen as a crowning achievement when, in 2011, the company struck an $11 billion deal to be purchased by HP, now HPE. The deal, however, was quickly engulfed in scandal when a year later the new owner alleged accounting fraud and wrote down its investment by $8.8 billion.

Despite the baggage around Autonomy, Lynch continued to ride high in the tech world through his venture firm, Invoke Capital, which he founded in 2012. One of its most profitable investments was Darktrace, which he backed in 2013 and joined as a board member. By 2016 he told TechCrunch 60 employees from Autonomy were working at Invoke, that he’d raised a billion dollars to invest in startups, and that Darktrace was worth $500 million.

While fighting the legal battle over Autonomy and building Invoke, Lynch enjoyed the trappings of a mogul. The same year he announced his billion-dollar startup fund, he was sailing the Bayesian, worth an estimated $25 million. He reportedly also owned a $6 million, 69-acre Georgian manor.

By early 2020 Darktrace shared deep connections with Autonomy, including half of Darktrace’s board and six of its eight top executives. The following year Darktrace went public, soaring 40% above its pre-market value. But the victory lap was brief. In September 2022, an acquisition talk between private equity firm Thoma Bravo and Darktrace fell through , sending share prices tumbling. In early 2023, the short-selling firm Quintessential Capital Management published a 70-page report accusing Darktrace of similar misconduct that had sunk Autonomy.

“We are deeply skeptical about the validity of Darktrace’s financial statements,” the report read. Darktrace’s shares plunged as much as 17% after the report was published, though the company said at the time that the management team and board had “rigorous controls in place.” Darktrace hired EY to perform an audit, which stabilized its share price after the accounting firm found the company's earlier financial results did not need to be restated. Darktrace never publicly released the report, however, with a spokesperson saying at the time that it contained “commercially sensitive information.”

More recently, Darktrace’s CEO Poppy Gustafsson wrote in the firm’s Q4 trading report of “shareholders voting overwhelmingly in favour” of the acquisition, and added the company is “awaiting the conclusion of the remaining regulatory processes.”

Until very recently, Darktrace had sought to distance itself from Lynch and his VC firm. In December, shareholders passed a resolution that rejected Invoke executive Patrick Jacob's reappointment to its board. This April, Invoke lost the right to that same board seat when it was discovered its shares had fallen below the required 10% threshold. Nonetheless, in a memorial to Lynch, Darktrace CEO Poppy Gustafsson wrote : “Without Mike, there would be no Darktrace. We owe him so much.”

While the Italian authorities continue to investigate the crash site, one thing is certain: the swirl of legal and business battles that surrounded Lynch during his lifetime are likely to continue after his death. A local Italian news site reports that the public prosecutor's office in a nearby town, Termini Imerese, is looking into allegations of manslaughter surrounding the sunken boat. And two months before Lynch died, former UK secretary of state David Davis reportedly said he was working with Lynch to scrap U.S./U.K extradition agreements that allowed Lynch’s trial to happen in the first place. 

On Wednesday, August 21, Davis told GB News he would continue that fight in memory of Lynch. “We need to get a grip of this,” said Davis. “Mike, when he’d won his case, almost the first thing he did was ring me up and say, ‘we’re going to have to defeat this treaty, we’re going to have to overcome this treaty and get it changed for the better.'"

“I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” Lynch said after the verdict.

Lynch’s desire to extend the legal fight even after his not-guilty verdict reflects the scrappiness he displayed throughout his life. This helped him ascend to the highest rungs of business and moguldom—but the success also came with a tenuous quality as questions about his business dealings dogged him for years. The not-guilty verdict and the pending Darktrace sale meant Lynch was in position to finally cast off that shadow. But now his ultimate legacy is poised to be tied forever to a mysterious and tragic hour on the Mediterranean Sea.

This story was originally featured on Fortune.com

Yachtsman Oceanfront Resort

1304 N Ocean Blvd, Myrtle Beach, 29577, United States of America – Great location - show map

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Yachtsman Oceanfront Resort is set in Myrtle Beach, a 5-minute walk from Myrtle Beach Boardwalk. This property is located a short distance from attractions such as Myrtle Beach Convention Center. Broadway at the Beach is 1.4 mi away and Myrtle Beach SkyWheel is 3.1 mi from the resort. Selected rooms also boast a kitchen with a microwave, a toaster and a fridge. All rooms will provide guests with a private bathroom with a bath or shower. The resort offers an outdoor pool. Myrtle Beach State Park is 3.7 mi from Yachtsman Oceanfront Resort. The nearest airport is Myrtle Beach Airport, 3.1 mi from the property.

Couples in particular like the location – they rated it 8.9 for a two-person trip.

Distance in property description is calculated using © OpenStreetMap

• 2 swimming pools
• Free parking
• Non-smoking rooms
• Family rooms
• BBQ facilities
• Tea/Coffee Maker in All Rooms

Property highlights

Located in the real heart of Myrtle Beach, this property has an excellent location score of 8.9!

Free private parking

Activities:

• Golf course (within 2 miles)

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Resort facilities at yachtsman oceanfront resort.

• Toilet paper
• Bathtub or shower
• Private Bathroom
• Wardrobe or closet
• Picnic area
• Outdoor furniture
• Coffee machine
• Clothes rack
• Bicycle rental Additional charge
• Movie nights
• Cycling Off-site
• Flat-screen TV
• Tea/Coffee maker
• Parking garage
• Accessible parking
• ATM on site
• Baggage storage
• Indoor play area
• Board games/Puzzles
• Business center
• CCTV in common areas
• Smoke alarms
• Key card access
• 24-hour security
• Shared lounge/TV area
• Vending machine (snacks)
• Vending machine (drinks)
• Air conditioning
• Smoke-free property
• Upper floors accessible by elevator
• Open all year
• Beach umbrellas Additional charge
• Beach chairs/Loungers Additional charge
• Hot tub/Jacuzzi

Property practices

House rules yachtsman oceanfront resort takes special requests – add in the next step, child policies.

Children of all ages are welcome.

Children 18 and above will be charged as adults at this property.

To see correct prices and occupancy info, add the number and ages of children in your group to your search.

Crib and extra bed policies

Cribs and extra beds aren't available at this property.

The fine print Must-know information for guests at this property

Please note, guests must be at least 21 years old to check-in.

Guests are required to show a photo ID and credit card upon check-in. Please note that all Special Requests are subject to availability and additional charges may apply.

A damage deposit of $200 is required on arrival. This will be collected by credit card. You should be reimbursed within 7 days of check-out. Your deposit will be refunded in full by credit card, subject to an inspection of the property.

FAQs about Yachtsman Oceanfront Resort

Is yachtsman oceanfront resort popular with families.

Yes, Yachtsman Oceanfront Resort is popular with guests booking family stays.

How close to the beach is Yachtsman Oceanfront Resort?

The nearest beach is 150 feet from Yachtsman Oceanfront Resort. All distances are measured in straight lines. Actual travel distances may vary.

Does Yachtsman Oceanfront Resort have a hot tub for its guests?

Yes, there's a hot tub. You can find out more about this and the other facilities at Yachtsman Oceanfront Resort on this page.

What are the check-in and check-out times at Yachtsman Oceanfront Resort?

Check-in at Yachtsman Oceanfront Resort is from 3:00 PM, and check-out is until 10:00 AM.

Does Yachtsman Oceanfront Resort have a pool?

Yes, this hotel has a pool. See details about the pool and other facilities on this page.

What is there to do at Yachtsman Oceanfront Resort?

• Bicycle rental
• Swimming pool

What type of room can I book at Yachtsman Oceanfront Resort?

How far is yachtsman oceanfront resort from the center of myrtle beach.

Yachtsman Oceanfront Resort is 150 feet from the center of Myrtle Beach. All distances are measured in straight lines. Actual travel distances may vary.

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The prices at Yachtsman Oceanfront Resort may vary depending on your stay (e.g. dates, hotel's policy etc.). To see prices, enter your dates.

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• Chapin Memorial Park

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Five bodies found inside superyacht that sank off Sicily

PORTICELLO, Sicily — Divers recovered four bodies Wednesday from inside a superyacht that sank in a sudden storm off Sicily , Salvatore Cocina, director of the island's Civil Protection Agency, confirmed to NBC News.

Cocina later confirmed to Sky News that a fifth body had been found and was being brought to shore. One passenger remains missing.

The identities of the bodies were not immediately released. Their recovery follows a dayslong search in the deep waters off Italy where British tech tycoon Mike Lynch  and several others were believed to be trapped in the hull. Fifteen of the 22 people aboard survived.

The rest had been missing since early Monday, when the Bayesian was caught in the storm anchored off the coast of Porticello, a village near the Sicilian capital city, Palermo.

The body of the ship’s cook, identified as Recaldo Thomas, a Canadian Antiguan national, was recovered Monday. 

On Wednesday, NBC News witnessed what appeared to be at least three body bags being lifted from fire department boats after they pulled into port at Porticello. It was unclear whose bodies they were. Some were later transferred to ambulances and driven away from the dock.

Lynch’s 18-year-old daughter, Hannah; Morgan Stanley International Chairman Jonathan Bloomer and his wife, Judy; and Clifford Chance lawyer Chris Morvillo and his wife, Neda, are also missing. 

The Bayesian is owned by a firm linked to Lynch’s wife, Angela Bacares, who was among the survivors rescued by a nearby vessel after they got into a lifeboat.

Built by the Italian shipbuilder Perini Navi in 2008, the U.K.-registered yacht could carry 12 guests and a crew of up to 10, according to online specialist boating sites. Its nearly 250-foot mast is the tallest aluminum sailing mast in the world, according to CharterWorld Luxury Yacht Charters.  

Regularly described in U.K. media as “Britain’s Bill Gates,” Lynch was  acquitted of fraud by a San Francisco jury this year, stemming from the sale of his software company Autonomy to Hewlett-Packard for $11 billion in 2011.

The Mediterranean sailing vacation was designed to be a celebration for Lynch, who brought Bloomer, who testified in his defense, and Morvillo, one of his U.S. lawyers, on the trip.

Lynch's co-defendant Stephen Chamberlain was not aboard the Bayesian, but in what appears to be a tragic coincidence, a  car struck and killed  him Saturday as he was jogging in a village about 68 miles north of London, local police said.

Claudio Lavanga and Claudia Rizzo reported from Porticello. Henry Austin reported from London.

Claudio Lavanga is Rome-based foreign correspondent for NBC News.

Claudia Rizzo is an Italy based journalist.

Henry Austin is a senior editor for NBC News Digital based in London.

Yachtsman Resort

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About Yachtsman Resort

• Resort Room Enjoy the many amenities of the resort
• Freebies This stay includes Wi-Fi for free

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Amenities at yachtsman resort.

• Business center
• Laundry facilities
• Increased accessibility
• Refrigerator

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Reviews of Yachtsman Resort

• The staff was amazing in 49 reviews
• The location was great very convenient! in 88 reviews
• The view of the ocean was breathtaking! in 43 reviews
• Jacuzzi tub didn’t work. in 9 reviews
• Bathroom door was broken. in 11 reviews
• Room was filthy. in 36 reviews

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The questions and answers provided in this section are generated by an artificial intelligence model based on a summarization of user hotel reviews and hotel information. See more

They offer insights and recommendations from previous guests and hotel information to help future visitors enhance their stay at the hotel.

How is the cleanliness of the hotel?

Many guests have mentioned that the hotel is very clean, providing a comfortable and hygienic environment for visitors.

What are the best features of the hotel's location?

The hotel's location is highly praised by guests, with many highlighting its convenience and proximity to the beach, boardwalk, and various attractions.

Are the beds comfortable?

While some guests have expressed concerns about the quality of the beds, many others have found the room size and setup to be great, ensuring a comfortable stay.

Is parking readily available at the hotel?

The hotel offers free parking, but some guests have mentioned that the parking garage is a bit of a walk from the hotel, which may be inconvenient for some visitors.

How is the customer service at the hotel?

While some guests have reported mixed experiences with the staff, many others have praised the friendly and accommodating nature of the front desk staff and security personnel.

Opt for an Oceanfront Room

Some guests were disappointed with obstructed views, so ensure you book an oceanfront room for the best view of the sea.

Check Room Amenities

Some guests found the room amenities lacking, so it's advisable to check the room amenities before booking to ensure they meet your needs.

Consider Low Season Visits

November is the low season, which could offer more affordable rates and fewer crowds.

Be Mindful of Room Cleanliness

Several guests mentioned cleanliness issues, so it's important to check recent reviews regarding room cleanliness before booking.

Explore Nearby Attractions

The hotel's proximity to attractions like SkyWheel Myrtle Beach and The Pavilion makes it convenient for sightseeing and entertainment.

Verify Balcony Size

Some guests were disappointed with small or unusable balconies, so it's recommended to verify balcony size before booking if this is important to you.

Parking Considerations

If you have mobility concerns, consider the limited handicap parking and distance from other parking areas mentioned by some guests.

Check for Maintenance Issues

Some guests encountered maintenance issues such as broken bathroom doors and jacuzzi tubs, so it's advisable to check for recent mentions of maintenance in reviews.

Consider High Season Crowds

July is the high season, so be prepared for larger crowds and potentially higher rates during this time.

Inquire About Breakfast

Some guests were unsure about breakfast availability, so it's recommended to inquire about this if it's an important amenity for your stay.

What's nearby

• SkyWheel Myrtle Beach 213 yd
• The Pavilion 0.5 mi
• Mount Atlanticus Miniature Golf 0.5 mi
• Captain Hook's Adventure Golf 0.6 mi
• New South Brewing 0.8 mi
• Grand Strand 0.8 mi
• Pelicans Ballpark 1.2 mi
• Family Kingdom Amusement Park 1.3 mi
• Ripley's Aquarium 1.4 mi
• Broadway at the Beach 1.4 mi
• NASCAR Speedpark 1.8 mi
• Myrtle Waves 1.9 mi

Essential information about Yachtsman Resort

When to book a room at Yachtsman Resort

Top tips for your stay at yachtsman resort.

• If you’re after a cheap room at Yachtsman Resort, then you should consider staying during the low season. The cheapest deals can generally be found in December and January.
• Prices can also vary depending on which day of the week you stay. For the best room deals at Yachtsman Resort, plan to stay on a Monday or Saturday. The most expensive day is usually Thursday.
• The cheapest price a room at Yachtsman Resort was booked for on KAYAK in the last 2 weeks was $111, while the most expensive was $231.
• How long should you stay at Yachtsman Resort? KAYAK users usually book their rooms here for 2 days.

FAQs when booking at Yachtsman Resort

Where is yachtsman resort located.

Yachtsman Resort is located at 1304 North Ocean Boulevard, 0.8 miles from the center of Myrtle Beach. SkyWheel Myrtle Beach is the closest landmark to Yachtsman Resort.

When is check-in time and check-out time at Yachtsman Resort?

Check-in time is 3:00 PM and check-out time is 10:00 AM at Yachtsman Resort.

Does Yachtsman Resort offer free Wi-Fi?

Yes, Yachtsman Resort offers free Wi-Fi.

How far is Yachtsman Resort from the airport?

Yachtsman Resort is 2.9 miles from Myrtle Beach Intl. Yachtsman Resort is 59.2 miles from Florence.

Does Yachtsman Resort have a pool?

Yes, Yachtsman Resort has a pool onsite.

How does KAYAK find such great Yachtsman Resort hotel deals?

KAYAK scours the web for all room deals available at Yachtsman Resort in Myrtle Beach and lets you compare them to find the best rate for your stay. Many different travel sites will offer discounts or deals at different times for rooms at Yachtsman Resort and KAYAK will provide you with prices from a huge range of travel sites. That means that you can always find a great deal for Yachtsman Resort.

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1-800-640-6886 Intl: 813-902-9743

Myrtle Beach, South Carolina is one of the most popular family vacation destinations in the country, and the Yachtsman Resort is perfectly located near all of the top attractions. When you find these Myrtle Beach timeshares for sale, you will be able to buy time in your own vacation condo in this desirable destination for an affordable price.

Yachtsman Resort is located at the entrance to the famous Boardwalk and just a few steps from the SkyWheel and other attractions. Along with the theme rides and other activities on the beach, you will find championship golf courses, tennis courts, deep-sea fishing, outlet shopping as well as the daily activities offered at the resort. Your family will be able to enjoy a relaxing and rejuvenating vacation every year that will not break your budget. 

Quality Accommodation with All the Essentials

You can choose between a studio suite, a one or two-bedroom unit. All units have a fully equipped kitchen, dining room, whirlpool tub, entertainment system with cable TV and wireless Internet access. All units are oceanfront with spectacular views of the Atlantic Ocean. The Yachtsman Resort even has an indoor and an outdoor pool as well as an activity room.

When you find Myrtle Beach timeshares for sale at Yachtsman Resort, it is your opportunity to have a vacation unit without the worries of figuring out kitchen utensils, bed linen and towels and regular maintenance. You and your family just need to arrive and head straight for the beach.

Myrtle Beach is Fun for Everyone

The local attractions are many, including Ripley’s Aquarium, Barefoot Landing, and Brookgreen Gardens. The resort may arrange discounted tickets for many attractions and help organize your vacation so you do not miss a thing. If you would like to visit another destination, your Myrtle Beach timeshare is a great advantage for exchanging for another destination through an exchange service. Here is your chance to have a perfect vacation every year at a price you can afford.

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Unit Amenities

• Cable/Satellite
• Fully Equipped Kitchen
• In-Room Safe
• Whirlpool Tub

Onsite Amenities

• Activity Room/ Programs
• Children's Pool
• Discounts To Area Attractions, Shows, and Golf Courses
• Handicapped Accessible
• Indoor Pool
• Outdoor Swimming Pool
• Shuffleboard

Other Amenities

• Carolina Opry
• Live Entertainment
• Movie Theaters
• Restaurants
• Water Parks

Days: Saturday / Time: 3:00 P.M.

• World Tour Golf Links 3.21 Miles
• Wild Wing Plantation - The Avocet 12.78 Miles
• Wild Wing Plantation - Humminghird 12.78 Miles
• Wild Water & Wheels 6.09 Miles
• Wicked Stick Golf Links 6.09 Miles
• Waterway Hills Golf Club 1.15 Miles
• Wachesaw Plantation East 12.74 Miles
• TPC Myrtle Beach 12.74 Miles
• Tidewater Golf Club & Plantation 16.78 Miles
• The Wizard Golf Course 3.21 Miles
• The Witch 12.78 Miles
• The Long Bay Club 15.51 Miles
• The Links at Cypress Bay 19.43 Miles
• The Legends 0 Miles
• The International Golf Club of Myrtle Beach 12.74 Miles
• The Dunes Golf & Beach Club 7.74 Miles
• Shaftesbury Glen Golf and Fish Club 12.78 Miles
• River Oaks Golf Plantation 3.21 Miles
• River Hills Golf & Country Club 19.43 Miles
• Quail Creek Golf Club 12.78 Miles
• Prestwick Country Club 6.09 Miles
• Possum Trot Golf Club 16.78 Miles
• Pine Lakes International Country Club 0 Miles
• Myrtlewood Golf Club -PineHills Course 0 Miles
• Myrtlewood Golf Club 0 Miles
• Myrtle Waves 0 Miles
• Myrtle Beach National Golf Club 1.15 Miles
• Myrtle Beach International Airport 0 Miles
• Man O' War Golf 3.21 Miles
• Island Green Golf Club 7.36 Miles
• Indigo Creek Golf Plantation 12.74 Miles
• Indian Wells Golf Club 12.74 Miles
• Heron Point Golf Club 7.36 Miles
• Heather Glen Golf Links 19.43 Miles
• Harbour View Golf Complex 19.43 Miles
• Grande Dunes 3.21 Miles
• Glen Dornoch Waterway Golf Links 19.43 Miles
• Family Kingdom 0 Miles
• Eagle Nest Golf Club 19.43 Miles
• Cypress Bay Golf Club 19.43 Miles
• Burning Ridge Golf Club 12.78 Miles
• Blackmoor Golf Club 12.74 Miles
• Black Bear Golf Club 15.51 Miles
• Beachwood Golf Club 16.78 Miles
• Barefoot Resort & Golf - Norman Course 16.78 Miles
• Barefoot Resort & Golf - Love Course 16.78 Miles
• Barefoot Resort & Golf 16.78 Miles
• Azalea Sands Golf Club 16.78 Miles
• Arrowhead Country Club 3.21 Miles
• Arcadian Shores Golf Club 7.74 Miles
• Aberdeen Country Club 15.51 Miles

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Yachtsman Resort to be sold at auction, with bids starting at $4.75 million

According to Ten-X , an auction of the 153 room Oceanfront Yachtsman Resort will begin online Feb. 13th – 16th.

The Yachtsman hotel stands at 10 stories high on 1304 & 1404 North Ocean Blvd in the City of Myrtle Beach, S.C. The property previously existed as a timeshare. The Ten-X site states the timeshare agreements have been terminated and the property can now be converted into a hotel.

The Yachtsman was built in 1982.

BJ Patel, managing director at Atlanta-based firm Hodges Ward Elliott, is listed as a key contact in the sale.

William M. Hodges and Michael Brandes of Hodges Ward Elliott are also listed as contacts for the pending sale. The Ten-X site reads “ Due to the termination of the previous timeshare agreement, 153 units are now available for purchase, including the land itself, ” according to a site description. “ Given that the property hasn’t received any capital expenditures since the last decade, a comprehensive guest-room focused overhaul will allow it to better compete against its competitive set and the market. ”

As found on the Ten-X website:

The Yachtsman is offered fee simple and unencumbered by existing management and debt, affording new ownership maximum flexibility in the future operation and capitalization of the property. Due to the termination of the previous timeshare agreement, 153 units are now available for purchase, including the land itself. Each of the 153 suite-style guestrooms features a kitchenette and living space, allowing maximum comfortability for the hotel’s guests. These suite-style rooms are perfectly tailored to the market, which receives a strong base of demand from family leisure travelers. Given that the property hasn’t received any capital expenditures since the last decade, a comprehensive guest room-focused overhaul will allow it to better compete against its competitive set and the market. As a newly renovated, all-suite style hotel, the property is anticipated to generate substantial incremental ADR and room revenue on a stabilized basis, which will flow directly to the bottom line and lead to significant cash flow gains for a new owner going forward.

Due to the property’s flexible zoning, in addition to hotel use, the property has potential for alterative use – (example – Multi-Family).

Continues an ongoing sea change of ownership in Myrtle Beach Hotels and businesses.

This sale continues a massive turnover in business ownership in Myrtle Beach, S.C.

In 2021 -2022, the oceanfront Myrtle Beach hotels changing ownership included:

• Brittain Resort Hotels  was purchased by E.O.S. Investors, LLC of N.Y.
• The  Sea Mist Resort  was put on the market for $55 million.
• Sand Castle Hotels sold to a L.A. Investment team.
• Kingston Resorts  purchased by E.O.S. Investors, LLC of N.Y.
• The  Family Kingdom  selling just this past Fall.
• The City of Myrtle Beach purchasing the  Fountain Bleu  and Oasis Motels.
• The City of Myrtle Beach purchased the Midtown Motel for $8.2 million in October.
• Better Brands Beer Distributors sold this past Friday, December 9th to Southern Crown Partners
• MB National, LLC, purchased the Oceanfront Monterey Bay and Suites in November 2022.

2022 will be remembered as one of the highest turnover periods of Myrtle Beach Hotels among key brand named properties in the city.

• Better Brands Beer Distributors
• Family Kingdom
• MB National
• Midtown Motel
• Monterey Bay
• Sand Castle Hotels
• William M. Hodges

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• Address: 8119 S.Old Oregon Inlet Road

Located at milepost 17, the Yachtsman condo oceanfront community welcomes you to a classic Outer Banks vacation. Providing comfy accommodations that are just steps away from the beach, guests will also enjoy amenities such as the community pool, open lawn and grilling area ideal for family picnics, and close proximity to Nags Head favorite shopping, dining and more! Read More.

• 333 properties returned
• Name (A - Z)
• Name (Z - A)
• Beds (Low to High)
• Beds (High to Low)
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K7304 Barrier Island Bliss 4 Bedroom Home at The Tides

• 5 Bathrooms

K0705 Bunnys Rental at Admirals View III

• 2 Bathrooms

K0901 Better Sand 2 Bedroom Condo at Sea Dunes

• 3 Bathrooms
• Semi-Oceanfront

K0207 Good Vibes at Cambridge Cove

• 4 Bathrooms

K9028 Blue Haven 6 Bedroom Home at Ocean Lake

• 6 Bathrooms

SG110 Sea Gull 2 Full Standard 110

Fin10 fin n feather 1 queen regular 10, k4301 the white pearl 3 bedroom duplex at beach club at whalehead, k7021 amina's cottage 3 bedroom home, oc3 the skipper's cottage at oceanside court, oc7 the helmsman's cottage at oceanside court, wbc whalebone oceanfront 3 bedroom cottage c, where is yachtsman condo located.

Yachtsman Condos are nestled along S Old Oregon Inlet Road in South Nags Head, North Carolina. Its prime location offers stunning views of the ocean and convenient access to the beach, making it an ideal retreat for beach lovers and vacationers.

How Far Is It and How to Get There?

There are two ways to get to Nags Head - driving and flying. The closest international airport is in Norfolk, VA (ORF). After landing in Norfolk, you will then head south on NC-168 and US-158 where you will drive over the Wright Brothers Memorial Bridge. When you get to the road signs pointing you to NC12 North, you will stay straight and proceed through the towns of Kitty Hawk and Kill Devil Hills. Continue on S. Croatan Highway through Nags Head, passing plenty of shops and restaurants along the way. Turn left onto E Gray Eagle St. Take a right onto S Va Dare Trail. Right past Jennette's Pier, take a left onto S Old Oregon Inlet Road. You will see the sign for the Yachtsman condominium property on your left.

What Are Some Features to Eexpect when Renting for Yachtsman Condo?

When you choose to rent at Yachtsman Condo, you can expect luxurious and comfortable accommodations. Our condos are equipped with modern amenities, spacious living areas, fully equipped kitchens, and private balconies overlooking the ocean or surrounding natural beauty.

These condos have two bedrooms, with a kitchen, ample living space, ceiling fans, flat-screen TVs, sun decks, and free Wi-Fi.

What Are Some Nearby Activities I Should Look Forward When Renting in Yachtsman Condo?

There is no shortage of activities near Yachtsman Condo. From sunbathing and water sports on the beach to exploring nearby attractions such as the Wright Brothers National Memorial, Jockey's Ridge State Park, and the North Carolina Aquarium on Roanoke Island, there is something for everyone to check out and enjoy.

Are There Shopping Malls Near Yachtsman Condo?

There is plenty of shopping close to Yachtsman condo rentals. The Outer Banks Outlet Mall is a short drive away as is the Outer Banks Mall. In addition to the malls, there are plenty of boutiques, stores, souvenir shops, and art galleries close by.

What Amenities Does Yachtsman Condo Offer?

The Yachtsman Condominium Rentals are the perfect spot for your Outer Banks vacation! Enjoy the breathtaking views you will have here. With its private beach walkway and large oceanfront sundeck overlooking the beach, you will not want to leave. Ample parking awaits you as well as a cargo lift on the first level making luggage and grocery carrying a breeze. Be sure to enjoy the large community swimming pool and two outdoor showers. If you enjoy cooking on the grill, there is a grilling area with picnic tables for your group to gather and enjoy not only the weather but a nice dinner.

These rental units - owner occupied units mixed with vacation rentals - are within walking distance to so much and an easy bike ride to even more!

The Outer Banks Outlet Mall is only a half mile away. Fish Heads Bar and Grill is a mile and a half away. Also close to sound view sunset dining, ice cream, miniature golf, groceries, and local shops.

Why Book in KEES?

Booking your stay at Yachtsman Condo with KEES guarantees a hassle-free experience. With our dedicated customer support, easy booking process, contactless and keyless entry, and commitment to guest satisfaction, KEES ensures that your vacation is seamless and memorable. Trust us to provide you with exceptional service and accommodations tailored to your needs.

We have vacation rentals for everyone! Plan your perfect beach vacation at Yachtsman Condo with KEES and create cherished memories that will last a lifetime. Book your stay today!

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Sale - the best offers in the marinepool online shop, we love sale - maritime bargains.

The range of maritime offerings is wide: starting with sailing jackets for women and men over shoes or bags - in our large outlet no wish will be unfulfilled. Discover our lifejackets at fair prices online! For undecided, the reduced price provides a great incentive to go on the number "safe".

Outlet - sailing jackets & sailing pants

Sailing clothing  for low price is not an impossibility! We offer great deals in the field of sailing pants for men and women as well as other functional outdoor clothing at bargain prices! Are you looking for the perfect all-weather outfit for a small price? Sailing is not your hobby - but you can not do without maritime fashion? Then we still have the matching polo shirts, blouses and other women's fashion for you! Shopperholics can not get past Marinepool!

Shippingcosts within Germany

In Germany we charge a flat shipping fee of 6,90€ including insurance.

Shipping costs outside of Germany

Within the EU we calculate with the valid value added tax, in the rest of the world without value added tax. The import duty is NOT paid by the sender but ALWAYS by the recipient, the proper customs clearance is the responsibility of the recipient. Deliveries to non-selectable countries only on request. Delivery is carriage forward and at your own risk against prepayment.

Minimum order value

The minimum order value within Germany is 24.90€, other countries 49.90€. Freight costs are borne by the recipient. For orders below the minimum order value, we charge a minimum quantity surcharge of 7.50€.

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*Yachtsman at The Arbors

• 2 Bedrooms |

*Yachtsman at The Arbors Description

Exterior security cameras.

For your security and the security of the property, exterior security cameras are present. There is no video surveillance inside the home. This property has the following security cameras: Camera facing the pool area. Camera facing the parking lot.

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