$5,450,000, Hollywood, 14 Beds - Casa Pellegrino, located in Hollywood Beach FL 33019, is an outstanding opportunity for an investor or owner/user to acquire a distinctive boutique hotel, in essentially new building fully rebuilt in 2014-15 from the ground up.

  $5,450,000

Commercial
14 Bedrooms
14 Full Bathrooms
1 Half Bathroom
14 Units
Interior: 5,459 sqft
Lot: 10,677 sqft
Year Built: 2015
MLS #: A10794550


More Information

Luxury Boutique Hotel Casa Pellegrino

Kate Smith Group | Kate Smith Group of Brosda and Bentley Realtors LLC has been retained by the Owner as the exclusive agent and adviser for the sale of Casa Pellegrino, located at 2007 N Ocean Drive,
Hollywood FL 33019 , an outstanding opportunity for an investor or owner/user
to acquire a distinctive boutique hotel, fully rebuilt in 2014-15. This
quaint hotel
emulates a Mediterranean feel throughout. Each of the 13 comfortable suites, featuring
an individual style and décor is equipped with a refrigerator, kitchenette and
dining area, bringing all the amenities of home to your vacation stay. The
beautiful award-winning Hollywood Beach and the world famous Hollywood
Boardwalk are just a few steps away from the hotel. The hotel offers free parking
–up to 6 spaces on site, plus parking permits (limited).

 

Casa Pellegrino has been recognized as one of South Florida’s finest hotels and resorts, and has won numerous prestigious awards since its opening in 2016. It offers the
ease of well-established, turn-key operation, without any need of repair,
renovation or remodeling as it is essentially a new construction, from the
ground up, completed in 2015. In addition, there is a completely untapped
source of substantial income potential from catering services, events, take out
and even a restaurant. Some permits already have been obtained as well as beer
and wine license. The current CAP rate is 6.4%. This offering represents a rare,
“pride-of-ownership” opportunity to acquire trophy real estate in an
incomparable, world class location.Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;
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The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility in an iconic beachfront location, which attracts millions
of visitors each year. 100% operating hotel, outstanding reviews on
TripAdvisor, it is a great business opportunity and rare to find: new
construction, luxury boutique hotel of this caliber, in the area. Visits are STRICTLY
by appointment ONLY. Do not show up at the property unaccompanied by listing
office associate.


Photos

                                

Features

  • Commercial
  • 14 uniquely appointed suites
  • Kitchenette in Each suite
  • Full size refrigerator
  • Dedicated WiFi router in each suite
  • Dedicated WiFi antennae
  • Individual room controls
  • Mini-split in each suite
  • Numerous awards and recognitions
  • Turn-key, hugely profitable operation
  • Additional- commercial space
  • Numerous awards:
  • - Travelers choice winner 3 yrs
  • - Certificate of excellence 3 yrs
  • 6.4% CAP rate, endless upside potential

Interested? See more information or schedule showing


For more information, contact (786) 412-8510

Agent photo   Kate Smith

Brosda & Bentley Realtors- International Fine Realty
Phone:(786) 412-8510



Listing agent/broker:
Brosda and Bentley Realtors


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