OCEAN FRONT HOTEL , Hotel for sale - Daytona Beach,

Daytona Beach Florida

Overview

ID: #1010
Price: $ 2,290,000
Type: Hotel
Contract: Hotel
Location: Daytona Beach Florida
Bathrooms: 40
Bedrooms: 40
Area: 10000m2
Rating:

About Property

 Oceanfront Daytona Hotel, Economy/Limited Service, 2011 S. Atlantic Ave, Daytona Beach Shores, FL DIRECT OCEAN FRONT 40 Unit Motel! 20 of the units have kitchens. Owners are retiring and have ran this hotel on a VERY part time basis. Approximately 105 square feet per unit… Tike Bar next to the OCEANFRONT Pool for greater upside. 3 floor no elevator, exterior corridor – plus 3 lock off units. Buy and hold now and then build your own high rise condo if you so desire. Tropical landscaping. 0.42 acres of prime Oceanfront land in Daytona Beach Shores. Plenty of stores nearby. Only 1.2 Miles from the new Hard Rock Hotel & the Russian project. ADR is only $77/night blended average; run part time yields a gross of $210,000 and a net of $100,000. BUT run full time with the same verifiable ADR of $77 and 65% occupancy yields a gross of $758,855, net of $259,000 and a CAP of 11.3% 3 year outlook with Same low ADR of $77 and recession occupancy of again 65% yields a net of $366,408 and a CAP of 16%. The current 2014 P&L is attached. Please download the PDF

Central Daytona Beach Shores/ licensed for 24 rooms, 27 rooms total
 
Daytona Beach, FL Market Trends

Multifamily Property Asking Price Index - Sale Trends

Multifamily properties compared to the prior 3 months, with a decrease of -3.5% compared to last year's prices. County-wide, asking prices for Multifamily properties are -1.6% lower at $52,021 per unit compared to the current median price of $52,355 per unit for Multifamily properties in Daytona Beach, FL

General amenities

  • Air conditioning
  • Balcony
  • Bedding
  • Cable TV
  • Cleaning after exit
  • Cofee pot
  • Computer
  • Cot
  • Dishwasher
  • DVD
  • Fan
  • Fridge
  • Grill
  • Hairdryer
  • Heating
  • Hi-fi
  • Internet
  • Iron
  • Juicer
  • Lift
  • Massage Rooms
  • Microwave
  • Oven
  • Parking
  • Parquet
  • Private Dinning
  • Private Sauna
  • Radio
  • Relexation Room
  • Roof terrace
  • Smoking allowed
  • Spa
  • Terrace
  • Toaster
  • Towelwes
  • Use of pool
  • Video
  • Wine Room

Map