Ocean Plaza Beach Resort

The existing national lender did not want to renew the existing notes. This loan could not have been done without the SBA 504 RE-FI, FMLP Program.

Originally built more than 122 years ago in 1889 the legendary Hotel Tybee once stood at the same location that the Ocean Plaza Beach Resort occupies today. That hotel was acclaimed as the “Finest resort between Atlantic City and Miami on the Atlantic Coast.” In its day the Hotel Tybee set the standard for resorts in the United States and featured a lavishly appointed dining room, a saloon, a dancing and group meeting pavilion, elevators, and an electricity generation plant to provide electric lighting to every room.

The original Hotel Tybee, built featuring a coastal Victorian architecture, burned down in 1909. The second rendition of Hotel Tybee, built in a majestic Mediterranean Revival architecture opened on the same site in 1911. It was demolished by its previous owner in 1960. The Spirides family has operated landmark businesses in Tybee Island’s commercial district for the past 65 years since 1945.

The Spirides family has owned the Ocean Plaza Beach Resort property for the past 44 years. Today’s company CEO, Harry Spirides, as a child literally grew up at the Ocean Plaza Beach Resort, and he has worked there for the past 30 years.