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New owners for beach motels

Just before the official opening of beach season on Memorial Day weekend, two popular Delaware beach motels in bankruptcy were recently sold for $3.8 million.

SeaEsta III and SeaEsta IV in Dewey Beach and Rehoboth Beach, respectively, sold to Forgotten Mile LLC of Newport, Del., officials at at auction Sperry Van Ness – Miller Commercial Real Estate in Salisbury said Friday.

The motels, owned by Ocean Breeze LLC, had filed for Chapter 7 bankruptcy protection in January 2012. Since then, the motels had operated under the management of Salisbury-based Marshall Hotels and Resorts Co.

SeaEsta III is located on U.S. Route 1 in Dewey Beach and SeaEsta IV is located just south of Rehoboth Beach.