Lost Inn Paradise
13 Studios and Suites
Marketing description
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the Lost Inn Paradise, a waterfront boutique hotel located in Cocoa Beach, Florida. The property is a two-story, limited-service hotel featuring 13 guest rooms, including a mix of studios and suites featuring kitchenettes with refrigerators and microwaves. Ideally positioned with direct frontage along the scenic Banana River, the hotel offers convenient access to Florida’s renowned Space Coast, including nearby beaches, Port Canaveral, and the Kennedy Space Center. It is approximately one hour from Orlando and its world-renowned attractions. The Lost Inn Paradise offers investors the opportunity to acquire a 13-room waterfront, boutique property in an highly established and growing market with constant, year-round demand.
The seller is encouraging all offers.
The current owner, who is based on Florida’s west coast and owns another property there, purchased this asset in December 2023 for $4.2M. Due to the distance, he has not been a hands-on operator. This presents a strong opportunity for an operator to increase revenue through hands-on management and by exploring additional income streams, such as a tiki bar (with potential for a liquor license).
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Investment highlights
- Waterfront, highly-maintained, boutique hotel comprised of 13 studios and suites.
- Property features a wide variety of unique amenities that include kayaks, beach/pool towels, two docks with boat slips, and an outdoor pool/BBQ area, yoga and wellness space.
- Ideal first-time hotel buyer or owner-operator opportunity.
- Excellent short-term vacation rental/Airbnb opportunity.
- Independent hotel - unencumbered by the strict operating requirements and annual fees associated with franchising.
- Prime waterfront location on the Banana River Lagoon with stunning sunrise and sunset views.
- Direct access to water activities such as kayaking, paddleboarding, fishing, and boating.
- Ideal property for destination gatherings such as weddings, reunions, and corporate retreats.
- High barrier-to-entry market - Given the high property values and scarcity of waterfront properties available on market, the property presents itself as an irreplaceable asset.
- Rooms have kitchenettes and private balconies or patios.
- Within close proximity to Cocoa Beach’s world-famous shoreline and popular attractions like the Cocoa Beach Pier and Ron Jon Surf Shop.
- Strong year-round demand fueled by Florida’s tourism market and the Space Coast’s growing aerospace/ technology economy.
- Within one hour from downtown Orlando, a major city with a strong economic profile, diverse employment opportunities, a wide variety of travel & tourism, and exceptional lifestyle options & opportunities.
- Located along South Atlantic Avenue, providing ease of access and displaying excellent signage to commuters.
- The section of South Atlantic Avenue closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 18,000 vehicles per day.
- Surging population growth throughout Cocoa Beach and the general Space Coast area.
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