88 Palms Hotel & Event Center
Hospitality | 162 Keys
Marketing description
Cushman & Wakefield’s Hotel Group has been retained to offer for sale the fee simple interest in the 162-room 88 Palms Hotel & Event Center located in West Palm Beach, Florida. The property is a six-story, full-service hotel that is conveniently located directly off of Interstate-95 and Palm Beach Lakes Boulevard - two major thoroughfares that provide ease of access to commuters and display excellent signage. Additionally, the property is ideally located within close proximity to a wide variety of demand generators that include the Palm Beach Outlets, the Raymond F. Kravis Center for the Performing Arts, The Square, Clematis Street, and the Palm Beach International Airport, among others. The 88 Palms Hotel & Event Center offers investors the opportunity to acquire a 162-room property in the highly established and growing market within Florida’s premier tri-county area.
Investment highlights
162-Room, Interior-Corridor Hotel Including Restaurant With Separate Entrance
Independent Hotel - Unencumbered By The Strict Operating Requirements And Annual Fees Associated With Franchising
Located In South Florida’s Premier Tri-County Area
Conveniently Located Directly Off Of Interstate-95 & Palm Beach Lakes Boulevard, Displaying Excellent Signage And Providing Easy Access To Commuters
The Section Of Palm Beach Lakes Boulevard Closest To The Property Has An Average Annual Daily Traffic (AADT) Count Of Approximately 44,500 Vehicles Per Day
Highly Sought-After Location Due To Limited Availability Of Hotel Supply On Market In South Florida
Well-Positioned Within The Highly Desirable West Palm Beach Market, The Seventh-Largest Metropolitan Area In The United States
Opportunity To Reposition Or Rezone The Property
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