Year Build: 0
Building Size: 24,098 SqFt.
No of Stories: 0
Total Lot Area: 48555.00 SqFt.
No of Parking: 0
No of Total Units: 62
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 0%
Full Description
Deco-inspired 62 room hotel on 14 lots in Award Winning Hollywood Beach, Florida. Three sparkling pools, and extensive renovations. Unit mix includes studios, efficiencies, one-bedrooms and three-bedrooms suites, all with cooking facilities. Included with this established and profitable business is a gift shop/convenience store, located on the area’s main street, which is frequented by both hotel guests and neighbors and adds substantially to the bottom line. The six building assemblage totals over an acre of valuable oceanside real estate. Filled with mid-century charm, they’ve been updated and upgraded to include all the modern conveniences, including wireless internet, cable and flat-screen TVs. All units feature convenient full kitchens or kitchenettes and are tastefully furnished. Property includes ample parking, plus additional income from guest laundry and vending machines as well as the C-store (Wine & beer licensed), which is the only area C-store in the area open from early till late night. Business has grown consistently over the past five years and earnings are on an upward trajectory. Professional staff is well trained in service, up selling and customer retention. There is a high rate of repeat business.