Hotel Seacrest

4562 Bougainvilla Drive

Lauderdale-by-the-Sea, FL 33308

SOLD
$1,800,000

Hotel Seacrest

Listing Status:Sold
Property TypeBoutique Hotel / Inn
Building Square Feet:4,016
Acres:0.28
Year Built:1982
Number of units8
Listing IDF10080810

Rich Barnhart BrokerRich Barnhart, Broker

Direct: 954-980-7795
Office: 954-351-7007

Turn Key Opportunity

This is a fantastic opportunity to own an amazing boutique hotel in beautiful Lauderdale-by-the-Sea. The recently renovated Hotel Seacrest is completely turn-key and ready for you to take over. The hotel has 8 total units, including 2 one-bedroom apartments and 6 studios all with fully equipped kitchens. All rooms are very private and surround an exquisite pool with lush landscaping. This wonderful property is ideal for a resident operator, investor or current hotelier looking to expand their operation. With the latest in booking and communication technology you can run this hotel remotely! Located just 150 yards from the beach and a short walk to dozens of shops, bars, restaurants and fishing pier, this very special property provides its guests with the ultimate in walk-ability and local amenities.

Financial Summary and Unit Mix

*For additional financial information including 2016 detail and pro forma model please contact listing broker

Financial Summary
Year20162017
Gross Income$298,118$299,795
Expenses$150,382$135,886
Net Operating Income$147,736$163,909
Unit Mix
One Bedroom2
Efficiency6

Property Highlights

  • Excellent barrier island location in Lauderdale-by-the-Sea just steps to the beach and walking distance to restaurants and shopping
  • Corner lot on quiet street close to ocean has potential for future development opportunity
  • Flexible room mix provides owner and guests with plenty of booking options
  • Property can be managed remotely or by on-site owner/manager
  • Many major upgrades and renovations recently completed
    • New impact windows and doors throughout
    • New flooring in every room
    • Fully renovated bathrooms and kitchens with new appliances
    • ASK BROKER FOR COMPLETE LIST OF RENOVATIONS

Photo Gallery

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Location – Lauderdale-by-the-Sea, FL

Nestled in the heart of beautiful Lauderdale-by-the-Sea in the heart of South Florida’s Gold Coast, Hotel Seacrest offers an excellent location for its guests. Conveniently located within walking distance to dozens of restaurants, shopping and pristine white sand beaches, it doesn’t get any better than this. Convenient to Fort Lauderdale beach, Las Olas Blvd., Fort Lauderdale-Hollywood International Airport, International cruise port and the Fort Lauderdale Arts and Entertainment District, this quaint seaside inn is close to it all, yet just far enough off the beaten path to provide a quiet and relaxing vacation experience.

Lauderdale-by-the-Sea is known for its quaint shops, restaurants, world famous fishing pier and accessible coral reef. As the “Shore Dive Capital of South Florida” you are a short swim away from world class snorkeling and scuba diving.

Maps

Property Video

Accolades

Tripadvisor #1TripAdvisor: Top Rated Hotel in Lauderdale-by-the-Sea, Certificate of Excellence

Documents and Links

Available documents: Survey, blue prints, 2015, 2016 and 2017 Income/Expense, Financial Pro Forma, renovation list, personal property list and additional proprietary information.
Ask listing broker for access to these documents.

Hotel Seacrest

Lauderdale-by-the-Sea Town Web Site

Lauderdale-by-the-Sea Events Site

Lauderdale-by-the-Sea Chamber of Commerce

Contact Broker Rich Barnhart for additional information and to request additional documents