

Cove Motel
Value Add, Direct Oceanfront, Renovated Retro Hotel, Assumable Mort modification
Marketing description
Direct Oceanfront, Renovated, Retro, Boutique 40 Room Hotel with approx.. 100ft of Direct Ocean Frontage Located in a great area of Daytona Beach FL. Recent Renovations are as follows: New TPO Roof currently being installed. Past renovations include new balcony’s, updated AC system, updated kitchens, tile, office etc. The pool was resurfaced and with the exterior pool pavers the guests have that feeling of a resort vibe. The property is a four-story, limited-service hotel as 32 of the rooms are either direct Oceanfront or Oceanview with the ocean view rooms feeling like oceanfront with the curvature of the design of the building. Completely turn key as the current management and staff would like to stay on as they treat the property as if was their own. As always all information deem to be true but not guaranteed and must be verified by potential buyer. There is a possibility of a private held mortgage being assumed on this property.
Investment highlights
Value ADD…Direct Oceanfront, Renovated, Private Mortgage in place with possibility of assumption
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