Hotels in Davie, Florida, offer a lucrative investment opportunity for those looking to capitalize on the town's growing popularity. As a hub for education, healthcare, and retail, Davie attracts a diverse range of visitors, from students and professionals to families and tourists. Hotels in Davie come in various shapes and sizes, catering to different types of investments, from boutique hotels to large resorts. With its strategic location near major transportation facilities, including the Fort Lauderdale-Hollywood International Airport and the Port Everglades, Davie is an ideal spot for hotels that can tap into the town's thriving tourism industry. The town's amenities, such as hospitals, parks, and sports facilities, also make it an attractive destination for investors. Additionally, Davie's proximity to Miami, a major city in the region, adds to its appeal. With 1 hotels for sale in Davie, investors have a wide range of options to choose from.
Davie's hotels are situated in a prime location, with easy access to major roads, such as Interstate 595, Florida's Turnpike, and U.S. Route 441. The town's diverse economy, which includes education, healthcare, retail, and agriculture, ensures a steady stream of visitors throughout the year. In addition to hotels, Davie is also home to a range of other commercial properties, including restaurants, apartment buildings, and shopping centers. Restaurants in Davie offer a diverse range of cuisines, catering to the town's culinary enthusiasts. Apartment buildings in Davie provide a convenient and comfortable living option for students, professionals, and families. Shopping centers in Davie, such as Publix Super Markets, offer a variety of retail options, making it a convenient destination for residents and visitors alike. Overall, Davie's hotels, along with its other commercial properties, contribute to the town's unique character and appeal.
What factors should I consider when buying a hotel in Davie?
When considering buying a hotel in Davie, there are several key factors to take into account, including:
- Average cap rate, which is currently , to ensure a strong return on investment.
- The size and layout of the property, with average sizes ranging from 67,187 square feet to 67,187 square feet, to accommodate your target audience and operational needs.
- The local economy and demand for hospitality services, driven by major employers like Nova Southeastern University, Cleveland Clinic Florida, and Publix Super Markets, as well as the presence of educational institutions and healthcare facilities.
Additionally, it's essential to research the local market, including the 1 available listings of hotels, and to explore financing options, such as CRE loans, as outlined in our article at commercial real estate loans, to ensure a successful and profitable investment.
How is the value of a hotel for sale typically calculated?
When it comes to determining the value of a hotel for sale in Davie, Florida, investors and buyers often rely on a comprehensive CRE appraisal. This process involves a thorough analysis of the property's income, expenses, and market data, as outlined in our informative article on CRE appraisals at CRE appraisals, to arrive at a fair market value.
