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La Quinta Inn by Wyndham West Palm Beach 5981 Okeechobee Blvd 114 Room Hotel West Palm Beach, FL 33417 $13,000,000 ($114,035/Room)
Investment Highlights
- Prime Location in West Palm Beach
- Value Add
- Newly Renovated
Executive Summary
Liquidity sale. The ownership is looking to sell quick. The property was under contract with Palm Beach County for $16.8m - during that time the property was vacant and undergoing renovations. It is now newly renovated and turn key. There are STR reports and projections in the secure document center.
Please call Charles Pessin for more information at 929-340-8516 or email charles@rorerealty.com
Please call Charles Pessin for more information at 929-340-8516 or email charles@rorerealty.com
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $13,000,000 | Building Size | 41,703 SF |
| Price Per Room | $114,035 | No. Rooms | 114 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1988/2026 |
| Property Subtype | Hotel | Parking Ratio | 1.24/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 2.95 AC | ||
| Zoning | CG | ||
| Price | $13,000,000 |
| Price Per Room | $114,035 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.95 AC |
| Building Size | 41,703 SF |
| No. Rooms | 114 |
| No. Stories | 4 |
| Year Built/Renovated | 1988/2026 |
| Parking Ratio | 1.24/1,000 SF |
| Corridor | Exterior |
| Zoning | CG |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 114 | $182.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00-42-43-23-00-000-7090 | Total Assessment | $8,057,926 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
00-42-43-23-00-000-7090
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$8,057,926 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Presented by
Rore Realty
La Quinta Inn by Wyndham West Palm Beach | 5981 Okeechobee Blvd
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