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Hotel-Motel

Plantation Inn

375 N State Rd 7, Plantation, FL 33317

Listing Price: $8,500,000

Cap Rate
12.13%
Number of Rooms
76
RevPAR
$64
Gross SF
30,878
Price/Room
$111,842
Price/Gross SF
$275.28
Year Built
1970

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 76-room Plantation Inn Hotel & Lounge located in Plantation, Florida. Plantation is part of the Miami - Fort Lauderdale - West Palm Beach, Florida Metropolitan Statistical Area (MSA), the seventh-largest MSA in the United States by population size. The property is a three-story, select-service hotel located directly off U.S. Highway 441 and West Broward Boulevard, two major thoroughfares of Greater Fort Lauderdale. The area surrounding the property is a short drive to downtown Fort Lauderdale and hosts a variety of demand generators including: Fort Lauderdale - Hollywood International Airport, Sawgrass Mills Shopping Mall, and Fort Lauderdale Beach, among others. The Plantation Inn Hotel & Lounge offers investors the opportunity to acquire an independent, select-service hotel in an established and rapidly growing market.

Investment Highlights

  • Rebranding Opportunity
  • Conversion Opportunity; Property is Zoned for Multifamily, Office and Hotels
  • Located within the Miami - Fort Lauderdale - West Palm Beach, Florida MSA, the Seventh-Largest MSA in the United States by Population Size which Contains a Population of over 6.16 Million People

Exclusively Listed By

Listing Price: $8,500,000

Cap Rate
12.13%
Number of Rooms
76
RevPAR
$64
Gross SF
30,878
Price/Room
$111,842
Price/Gross SF
$275.28
Year Built
1970

Investment Highlights

  • Rebranding Opportunity
  • Conversion Opportunity; Property is Zoned for Multifamily, Office and Hotels
  • Located within the Miami - Fort Lauderdale - West Palm Beach, Florida MSA, the Seventh-Largest MSA in the United States by Population Size which Contains a Population of over 6.16 Million People

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 76-room Plantation Inn Hotel & Lounge located in Plantation, Florida. Plantation is part of the Miami - Fort Lauderdale - West Palm Beach, Florida Metropolitan Statistical Area (MSA), the seventh-largest MSA in the United States by population size. The property is a three-story, select-service hotel located directly off U.S. Highway 441 and West Broward Boulevard, two major thoroughfares of Greater Fort Lauderdale. The area surrounding the property is a short drive to downtown Fort Lauderdale and hosts a variety of demand generators including: Fort Lauderdale - Hollywood International Airport, Sawgrass Mills Shopping Mall, and Fort Lauderdale Beach, among others. The Plantation Inn Hotel & Lounge offers investors the opportunity to acquire an independent, select-service hotel in an established and rapidly growing market.

Exclusively Listed By

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