Seacliff Hotel

1685 Collins Ave,
Miami Beach, FL 33139

FIVE STAR HOTEL

$19,500,000
Purchase Price
$1,400,000
NOI
7.18%
Cap Rate
8.86
RRM
60
Total Rooms
$325,000
Price Per Key
$19,500,000
Purchase Price
$1,400,000
NOI
7.18%
Cap Rate
8.86
RRM
60
Total Rooms
$325,000
Price Per Key

Investment Highlights

  • This top location and amenities that offer all the comfort and conveniences of home make for a memorable stay in the Los Angeles area. This seven-story, 132-room hotel presents a new owner the opportunity to acquire a value-add property within the highly desirable Los Angeles MSA.
  • This top location and amenities that offer all the comfort and conveniences of home make for a memorable stay in the Los Angeles area. This seven-story, 132-room hotel presents a new owner the opportunity to acquire a value-add property within the highly desirable Los Angeles MSA.
  • This top location and amenities that offer all the comfort and conveniences of home make for a memorable stay in the Los Angeles area. This seven-story, 132-room hotel presents a new owner the opportunity to acquire a value-add property within the highly desirable Los Angeles MSA.
  • This top location and amenities that offer all the comfort and conveniences of home make for a memorable stay in the Los Angeles area. This seven-story, 132-room hotel presents a new owner the opportunity to acquire a value-add property within the highly desirable Los Angeles MSA.
  • This top location and amenities that offer all the comfort and conveniences of home make for a memorable stay in the Los Angeles area. This seven-story, 132-room hotel presents a new owner the opportunity to acquire a value-add property within the highly desirable Los Angeles MSA.

Strong Sub-Tenants

  • The hotel’s business guests can make a circuit of major area corporations like Anheuser-Busch and Capital Records, and members of the medical industry find Kaiser Permanente and Northridge Hospital within easy driving distance.

Upside Potential

  • This top location and amenities that offer all the comfort and conveniences of home make for a memorable stay in the Los Angeles area. This seven-story, 132-room hotel presents a new owner the opportunity to acquire a value-add property within the highly desirable Los Angeles MSA.
  • The hotel’s business guests can make a circuit of major area corporations like Anheuser-Busch and Capital Records, and members of the medical industry find Kaiser Permanente and Northridge Hospital within easy driving distance.
  • The Art Hotel sits along the iconic Pacific Coast Highway, midway between Los Angeles and San Diego. Laguna Beach’s unique mix of luxury and leisure offers one of the most desired destinations in California.

Infill Location

  • The affluent Orange County community (with a median household income of almost $100,000) has seven miles of coastline and is a well-known center for the arts, dining and culture. The hotel is steps from Crescent Bay Point Park and Crescent Bay Beach.
  • The limited-service Art Hotel, Trademark Collection by Wyndham, offers 28 spacious guestrooms. Amenities include a heated outdoor pool and deck, air conditioning, ocean views, free subterranean parking and manager’s unit. The updated rooms feature free wireless internet, microwaves, refrigerators, coffee makers, hairdryers and flat-screen televisions. Some rooms are pet-friendly.

Location Summary

  • Owner-operator opportunity or value-add through future redevelopment Prime redevelopment parcel with existing development plans Existing plans allow a potential developer to build a hotel with 94 rooms, 5 stories and with an ample of amenities Located in the heart of Hollywood Beach only a block from the ocean/beach Central Broward County location with strong demographics.
  • Named one of America's Best Beach Boardwalks by Travel + Leisure magazine, this brick-paved thoroughfare is a haven for joggers, bicyclists, roller-bladers and all who'd prefer to take in the action from the comfort of one of the countless eateries and cafés along the way.
  • This top location and amenities that offer all the comfort and conveniences of home make for a memorable stay in the Los Angeles area. This seven-story, 132-room hotel presents a new owner the opportunity to acquire a value-add property within the highly desirable Los Angeles MSA.

City Of Palm Beach

  • The City Of Palm Beach is conveniently nestled between Fort Lauderdale and Miami. A trip Advisor Traveler's Choice Winner, Hollywood Beach features a one-of-a-kind oceanfront promenade called the Hollywood Beach Boardwalk that stretches nearly two and a half miles along the Atlantic (±0.1 mile from Portfolio).
  • The Palm Beach Hotel Portfolio is located in a prime tourist destination and the Fort Lauderdale/Hollywood International Airport is just a short 10 minute drive, Miami International Airport is located just 30 minutes South, and Port Everglades is located just 10 minutes away and serves nearly 20 cruise lines.
  • Additionally, The Hollywood Trolley provides a public transportation service to improve mobility, enhance the visitor experience and ease parking demand and traffic congestion and is located only 2 blocks from the Portfolio.

MORE INFO

  • The City Of Palm Beach is conveniently nestled between Fort Lauderdale and Miami. A trip Advisor Traveler's Choice Winner, Hollywood Beach features a one-of-a-kind oceanfront promenade called the Hollywood Beach Boardwalk that stretches nearly two and a half miles along the Atlantic (±0.1 mile from Portfolio).
  • The City Of Palm Beach is conveniently nestled between Fort Lauderdale and Miami. A trip Advisor Traveler's Choice Winner, Hollywood Beach features a one-of-a-kind oceanfront promenade called the Hollywood Beach Boardwalk that stretches nearly two and a half miles along the Atlantic (±0.1 mile from Portfolio).
  • The City Of Palm Beach is conveniently nestled between Fort Lauderdale and Miami. A trip Advisor Traveler's Choice Winner, Hollywood Beach features a one-of-a-kind oceanfront promenade called the Hollywood Beach Boardwalk that stretches nearly two and a half miles along the Atlantic (±0.1 mile from Portfolio).
FOR MORE DETAILS CONTACT
Katherine Watkins
Vice President
(949) 378-7264
katherine.creop@gmail.com
01026528