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Hotel For Sale • 146,654 SF
| The Plaza Hotel sits on 5.35 acres near I-95 and numerous demand generators such as Downtown Fort Lauderdale, Fort Lauderdale Beach, Fort Lauderdale E |
| The majority of hotel rooms consist of adjoining rooms allowing for ease of conversion to multifamily, assisted living, extended stay, or larger hotel |
| Operationally, the property produced over $5,800,000 in room revenue in 2021 with an NOI in excess of $2,000,000. |
| The property features four banquet spaces which can hold over 250 people each. |
| Restaurant, salon, and game room operations are currently leased out significantly below market rent. |
| Current ownership does not have a management company in place and has closed off numerous amenities in the property which has disrupted revenue growth |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) | 9 min | - | 4.6 mi |
| 16 min | - | 8.1 mi | |
| Airport | Drive | Walk | Distance |
| Fort Lauderdale/Hollywood International | 23 min | - | 14.2 mi |
| Miami International | 54 min | - | 39.7 mi |
| Palm Beach International | 53 min | - | 40.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 305 |
| Type: | Surface |
| Included in Rent: | Yes |
