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Florida

Ft. Lauderdale, FL, 20M

Ft. Lauderdale
Cash or Conventional
Florida
$
20000000
Description:
Details:
Value Adds:

Grand Hotel – Value-Add Opportunity

Location: Oakland Park, Fort Lauderdale

Property Overview:
5-Story Exterior Corridor Hotel
196 Keys
Potential for an Additional 126 Units

Amenities Include:
• Outdoor Pool
• Business Center
• Lounge
• Hotel Restaurant + Bar
• Fitness Center
Bonus Nightclub & Event Space — potential for further activation and revenue

Investment Highlights:
2023 Appraisal: $36,000,000 — provides instant equity for buyer
• Strong value-add potential through additional units and amenity repositioning
• Market conditions suggest likely appreciation since last appraisal
• Located in a high-demand hospitality corridor of Fort Lauderdale

Additional Info:
Please refer to the Offering Memorandum (OM) for photos and further details.

Miscellaneous:
No
Cash or Conventional

More details:

Florida
$
20000000
CAP:
9.67%
Fee Paid By Buyer:
2%
NOI:
Assumable Loan:
No
Seller Carry:
No
Doors:
Parking:
Price per Door:
Keys:
196
Price per Key:
$102,040.81
Assumable Amount:
Class:
B
Build Year:
1971
Reno Year:
YES
Buildings:
Stories:
5
Under Roof SF:
Lot SF:
Zoning:
No
Cash or Conventional

Contact us

For inquiries, reach out to taylor@introsatscale.com

Office

Greensboro, NC