Atlantic Hideaway
Boutique Hotel/Motel Just North of Atlantic Avenue in Delray Beach
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Atlantic Hideaway (“The Property”), a 14-key, boutique hotel located in the Downtown Core of thriving Delray Beach, Florida. The Property is located along Federal Highway a few blocks from Atlantic Avenue, one of South Florida’s premier urban retail and experiential corridors. The Property, which is located within the development friendly CBD Zoning, sits on 0.38 acres and offers 20 surface parking spaces.
Originally built in 1948, the Property was fully renovated from 2017-2019 currently operates as 14-key boutique hotel catering to tourists looking to experience Delray’s vibrant nightlife, emerging food scene, and sun-filled beaches. In Q1 2025, the property has been operating at above 50% occupancy and achieving strong ADRs in the $250/night range.
Atlantic Hideaway represents a unique opportunity to acquire a boutique hotel asset in the heart of downtown Delray Beach. There is tremendous potential for an investor to increase operational efficiencies and to add value via targeted capital improvement projects.
Investment highlights
PRIME LOCATION ON FEDERAL HIGHWAY IN EAST DELRAY BEACH
Blocks from Atlantic Avenue, Pineapple Grove, and public beach access
Serviced by Delray Beach’s Freebee shuttle service providing access to the greater downtown core and the beach
14-KEY, CASH-FLOWING BOUTIQUE HOTEL
Renovated in 2017-2019
Features 3 courtyard areas and 20 surface parking spaces
STRONG DELRAY BEACH HOSPITALITY MARKET
Independent Chain Scale Hotels in have outperformed in the submarket
+15% CAGR in ADR since 2019
2024 Average ADR of $359/night
2024 Average Occupancy 60.4%
FAVORABLE CBD ZONING AND SITE SIZE OF 0.38 ACRES
Covered land play with future development potential in a rapidly expanding urban core
MULTIPLE VALUE-ADD AND REVENUE GROWTH OPPORTUNITIES
Potential to optimize operational efficiencies, add amenities, and increase revenue via parking income
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