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30+ Room Beach Resort Portfolio

2 Hospitality Properties Offered at $8,950,000 in Hollywood, FL

Hospitality Properties Florida Hollywood 30+ Room Beach Resort Portfolio

Investment Highlights

  • 30+ Room Beach Resorts Portfolio
  • Total Building Size: 14,176 Sq.Ft.
  • Perfect for an Investor!
  • Two Hotels and an Additional Parking Lot
  • Pro-Forma CAP Rate: 13.71%

Executive Summary

This is a once-in-a-lifetime investment opportunity to purchase two hotels and a parking lot situated near the beach. South Florida is a popular vacation destination with a robust hospitality market. Both hotels have maintained high occupancy rates, which are projected to rise further under new management. Additionally, a new owner could increase revenue by offering enhanced amenities and services, such as bike rentals, continental breakfast, and laundry/dry cleaning, significantly boosting cash flow. For more information, please call the listing office.

Attachments

Confidential Sales Flyer - Hotel Portfolio

Property Facts

Price $8,950,000 Status Active
Price / SF $631.35 / SF Number of Properties 2
Sale Conditions Bulk/Portfolio Sale Individually For Sale 0
Cap Rate 2.91% Total Building Size 14,176 SF
Sale Type Investment Total Land Area 0.93 AC
Price $8,950,000
Price / SF $631.35 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 2.91%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 14,176 SF
Total Land Area 0.93 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Ocean Drive Villas Motel
1701 N Ocean Dr, Hollywood, FL 33019 		Hospitality 9,744 SF 1947 -
Ocean Inn
3405 N Ocean Dr, Hollywood, FL 33019 		Hospitality 4,432 SF 1960 -
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(954) 453-1000

  • Listing ID: 33476671

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 30+ Room Beach Resort Portfolio, Hollywood, FL

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30+ Room Beach Resort Portfolio portfolio of 2 properties for sale on LoopNet.com Building Photo- Image 1 of 3
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30+ Room Beach Resort Portfolio
(954) 453-1000 x

30+ Room Beach Resort Portfolio

John DeMarco

(954) 453-1000

(954) 453-1000

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