4900 Powerline Rd Fort Lauderdale, FL 33309

The Grand Hotel is a 196-room hotel in Fort Lauderdale, Florida, constructed in 1971 and renovated in 1977 and 2022. The property is situated within a high-accessibility commercial corridor. In 2024, the asset generated a net operating income of $1,094,278. Operating as an independent hotel, it offers a value-add/repositioning opportunity. The asset requires capital improvements, allowing for a comprehensive renovation strategy, operational reset, and potential rebranding. This offering is suited for experienced hospitality investors or operators seeking a value-add opportunity within the South Florida market. Given the property’s vintage and independent operating model, investors have the opportunity to implement a comprehensive renovation and repositioning program, including full interior and exterior modernization, operational efficiencies and expense optimization, revenue management enhancements, rebranding or flag conversion, and amenity upgrades. The property's 4.25-acre site also presents a redevelopment opportunity under Florida’s Live Local Act, which permits qualifying projects to develop residential density by-right in commercially-zoned areas. At the statutory density of 65 units per acre, the site supports up to 276 residential units. The existing five-story structure is suited for conversion to approximately 118 residential units, leveraging the existing footprint. The site’s surplus land supports approximately 158 additional units on a new structure utilizing the 185,405 SF lot and existing surface parking field.