4041-4051 N Ocean Blvd, Fort Lauderdale, FL 33308

This offering presents the opportunity to acquire a hotel portfolio featuring two independent hotels, totaling approximately 46,763 square feet. Situated along Ocean Boulevard in Fort Lauderdale, Florida, the properties are located within Galt Mile, offering frontage on a contiguous site in a high barrier to entry market. The portfolio features a total of 133 rooms across two buildings constructed in 1961 and 1979, situated on a combined 1.66 acres of land. Extensive interior and exterior renovations were completed in 2017, including renovations to the Ocean Beach Palace lobby. Room renovations included panels, carpet, headboards, AC, appliances, beds, bathrooms, and amenities. The properties are located directly along North Ocean Boulevard, strategically positioned in the Galt Mile market, between Oakland Park and Commercial Boulevards, two blocks from the Atlantic Ocean and the Intracoastal Waterway. The location is approximately 6 miles southwest of downtown Fort Lauderdale. The surrounding area is primarily commercial and retail, with residential uses to the west. There are five bus stops in close proximity. The average daily traffic count at the intersection of East Oakland Park Boulevard and West Oak Park Access Road exceeds 38,000 vehicles per day. Local demand generators include Port Everglades, Riverwalk Fort Lauderdale, and The Casino at Dania Beach. Hugh Taylor Birch State Park and 23 miles of beaches are nearby. Interstate 95 is approximately 5 miles west of the property.