Insight
The resort owner claims a $6.5 million loss in potential profit due to the new short-rental ordinance.
Resort’s owner sues Myrtle Beach over new short-rental ordinance, claims $6.5M in lost profit
Summary
A resort owner in Myrtle Beach is suing the city over a new short-term rental ordinance, claiming a loss of $6.5 million in potential profit. Hosts in Myrtle Beach and similar markets should monitor local regulations closely to understand the impact on their business and potential legal ramifications.
Key takeaway