A demolition crew has stared pulling down the former Masters Inn in Mount Pleasant.

A bulldozer could be seen demolishing part of the aging two-story hotel property today at Wingo Way and McGrath Darby Boulevard, near the base of the Ravenel Bridge.

The budget lodging closed June 1 after a 27-year run.

A Charleston development group plans to replace the 119-room Masters Inn with a 133-room Hilton Garden Inn. The six-story hotel is scheduled to open around mid-2014.

The property is owned by OTV Masters LLC, which bought the site for $3.75 million in July 2011. OTV Masters is comprised of Old Tabby Ventures and The Howard Co., both based in Charleston.

The Hilton Garden Inn will include a 2,500-square-foot meeting room, elevated patio pool and additional outdoor event and meeting space. The project is being spearheaded by Charleston-based Premier Development.

Other proposed new hotels in the town include a property at Mount Pleasant Towne Centre. Another comes courtesy of Columbia-based IMIC Hotels, an owner and operator with 14 lodgings in five states. It’s preparing to start on a seven-story, 119-room Wyndham Garden Inn near where Interstate 526 merges into Chuck Dawley Boulevard.

More recently, developer Michael Bennett of Charleston-based Bennett Hospitality said he intends to build at least one hotel at a waterfront site he is acquiring at the Bridgeside property, just north of Patriots Point. He has not yet filed any formal plans for that project.