avid Hotel Ft Lauderdale Airport-Cruise _Property for Sale

3001 Southwest 26th Terrace, Fort Lauderdale, FL, 33312, US

avid Hotel Ft Lauderdale Airport-Cruise

Asset description

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee

simple interest in the 101-room avid hotel Ft Lauderdale Airport – Cruise (the “Hotel” or “Property”). A modern and efficient adaptation of airport hospitality, Avid Ft. Lauderdale is strategically situated adjacent to Fort Lauderdale-Hollywood International Airport, in the heart of South Florida's bustling travel hub. This offering represents the rare opportunity to acquire an unencumbered, non-union, institutional-quality asset in one of the region's most dynamic locations. The property's proximity to both the airport and popular coastal attractions positions it to capitalize on the area's thriving leisure and business travel markets.

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Attributes

Units

101

Building area net

4,181 sm

Year built

2021

Land area gross

0.66 ha

Media

Investment highlights

Highly Desirable IHG Brand Affiliation: The Property will benefit from IHG's worldwide distribution network, best-in-class reservation system, and the IHG One Rewards program.
Fee Simple Hotel Offering: The Avid hotel Ft Lauderdale Airport – Cruise presents an opportunity to acquire a select-service asset as fee simple.
Unencumbered by Management and Debt: The Property will be offered unencumbered by a management agreement.
Strong and Consistent Competitive Set: The Subject Property benefits from a strong and consistent competitive set, underscoring its advantageous position in the local hospitality market.
New Vintage: Constructed in Jan 2022, this property is relatively new in the market.
Non-Union: The property operates as a non-union establishment, offering potential benefits in operational flexibility and cost management.
Turn Key Asset with In-Place Cash Flow: This property presents a compelling investment opportunity, boasting over $1 Million in Net Operating Income (NOI) with significant potential for further growth.