11102 Biscayne Blvd
Miami, FL 33181
Sun and Surf Inn · Hospitality Property For Sale · 8,522 SF

The Sun & Surf Inn is a 24 room exterior-corridor motel located on Biscayne Blvd (US-1) in North Miami. The motel is conveniently located just a short 10 minute drive from the shores of Miami Beach and the world-famous Bal Harbour Shops, an upscale open-air shopping mall internationally known for its ultra-luxury retail locations. The motel is also situated within 6 miles of Oleta River State Park & Haulover Park Marina, which is convenient for guests with an affinity for outdoor recreational activities. The Dezer Collection, an auto museum with the largest eclectic transportation collection in the world, is located just 2.4 miles from the property as well. The hotel is currently being operated as an independent hotel with an ADR of $130 In 2017, the gross revenue for the hotel was roughly $733,367 and the NOI came to about $507,367. For more specific details regarding the financials, please reach out to the Marcus & Millichap agents who have exclusively listed the property. The motel itself offers its guests a pleasantly landscaped garden as a space to relax, in addition to Free WiFi in public areas throughout the hotel, free self parking, and a picnic area. All 24 rooms boast a refrigerator, microwave, Free WiFi, TV with cable channels, phone, hair dryer, and a desk. This Call for Offers hotel redevelopment opportunity offers investors an incredible value-add investment opportunity, with the ability to add 100-125 keys in a very hot market. In addition to adding more rooms, investors could further boost room revenue and NOI by obtaining the right national select-service flag that would best fit this market. The Candlewood Suites flag by IHG is available for this site. An architectural study has already been completed, indicating that a 125 key redevelopment project for this property could be feasible.