For Sale
$25,000,000

2905 Sheridan StHollywood, FL 33020

150-Room Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a 150-key Holiday Inn in Hollywood, Florida, boasting 91,139 square feet on a 4.51-acre lot. This six-story, 1995-built hotel is strategically located directly off Interstate-95, offering unparalleled visibility and accessibility with an AADT of approximately 264,700 vehicles daily. Its prime location provides easy access to the Seminole Hard Rock Hotel & Casino and Hollywood Beach Boardwalk, catering to a large and diverse market within South Florida's thriving tri-county area, a region with over 6,000,000 residents. The property features an interior corridor design and presents multiple income streams, including an existing lease with an adjacent business and on-site food and beverage operations. The hotel operates under the highly desirable IHG Holiday Inn flag, offering the potential for continued operation under this brand or the opportunity to upbrand to another prestigious flag, such as DoubleTree by Hilton. The asking price is $25,000,000, translating to $274.31 per square foot. The property is zoned IM-1 and its Broward County APN is 514204160010. This presents a unique chance to acquire a well-established hotel in a high-growth market.

Highlights

  • Interior corridor design.
  • Upbranding opportunity to DoubleTree by Hilton or another flag.
  • Multiple income streams from adjacent Cali Coffee lease and on-site F&B.
  • Prime location in South Florida's tri-county area.
  • Desirable Holiday Inn by IHG flag.
  • Situated in the Miami-Fort Lauderdale-Pompano MSA, population over 6,000,000.

Property Details for 2905 Sheridan St

Property type
Hospitality properties, Motels
Square Feet
91,139 SF
Year Built
1995
Stories
6
Lot Size (sq. ft)
196,456 SF

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.0342531
Longitude
-80.1667986
2905 Sheridan St, Hollywood, Florida

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2905 Sheridan St
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