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Investment Highlights
- Direct oceanfront boutique hotel. 13 keys, 5 stories, built 2014 closed in 2024. Private balconies & ocean views
- Guest rooms in excellent condition. New mechanical/AC system; ground floor ready to remodel or New owner can redevelop. PORTFOLIO PURCHASE PREFERRED!
- Kohler electronic shower controls & electronic toilets throughout. Ground-floor oceanfront restaurant with expandable outdoor seating facing the ocean
Executive Summary
Direct oceanfront boutique hotel with private balconies and ocean views
Opened in 2014 and closed in 2024.
Kohler electronic shower controls and electronic toilets throughout.
Oceanfront F&B in place: 40-seat restaurant plus 24-seat outdoor terrace with plenty of room to expand several feet further in front facing the ocean
Guest rooms in excellent condition; brand-new mechanical/AC system
Ground floor and restaurant ready for remodeling.
Potential remodeling or redevelopment that the exterior does not reveal
Reopen, reposition, or redevelop...flexibility for multiple business plans
Seller financing available to qualified buyers
Adjacent oceanfront asset also available - PORTFOLIO PURCHASE IS PREFERRED
Commission paid by the Buyer.
All other detail released upon registration and executed confidentiality agreement. Proof of funds required.
Please call Broker to arrange showings. 561-702-8187
Opened in 2014 and closed in 2024.
Kohler electronic shower controls and electronic toilets throughout.
Oceanfront F&B in place: 40-seat restaurant plus 24-seat outdoor terrace with plenty of room to expand several feet further in front facing the ocean
Guest rooms in excellent condition; brand-new mechanical/AC system
Ground floor and restaurant ready for remodeling.
Potential remodeling or redevelopment that the exterior does not reveal
Reopen, reposition, or redevelop...flexibility for multiple business plans
Seller financing available to qualified buyers
Adjacent oceanfront asset also available - PORTFOLIO PURCHASE IS PREFERRED
Commission paid by the Buyer.
All other detail released upon registration and executed confidentiality agreement. Proof of funds required.
Please call Broker to arrange showings. 561-702-8187
Data Room Click Here to Access
Property Facts
Amenities
- Balcony
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $629.00 | - |
| Guest Room | 9 | $319.00 | - |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 48-43-05-04-0460 | Improvements Assessment | $3,513,370 |
| Land Assessment | $1,716,500 | Total Assessment | $5,229,870 |
Property Taxes
Parcel Number
48-43-05-04-0460
Land Assessment
$1,716,500
Improvements Assessment
$3,513,370
Total Assessment
$5,229,870
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Royal Blues Hotel | 45 NE 21st Ave




