Seacliff Hotel
222 14th St., Miami Beach, FL 33139
7.18%
Cap Rate
60
Total Rooms
$1,400,000
NOI
$325,000
Price Per Key
65800
Building SF
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.
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.
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.
Offering Memorandum
Jennifer Frazier
Vice President
(949) 555-4856
jennifer@creop.com
0121554
Location & Neighborhood
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