Optimar International Realty
Listed by Optimar International Realty
$6,000,000
The Lauderdale Boutique Hotel & Suites
Details
APN 504215105000
Property Type Hospitality, Multifamily
Sub Type Hotel, Apartment Building
Square Footage 6,869
Keys 17
Beds 20
Cap Rate 6.20%
NOI $273,000
Occupancy 80.6%
Pro-Forma Cap Rate 6.20%
Pro-Forma NOI $374,000
Price per SqFt $873
Broker Co-Op Yes
Year Built 1960
Year Renovated 2023
Buildings 3
Stories 2
Acreage 0.492
Zoning RO
Parking Spaces 17 spaces
Parking per 1,000 SqFt 2.47
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Hospitality | 17 Keys | $353,000/key
Marketing description
THE LAUDERDALE BOUTIQUE HOTEL | 17-Unit Turn-Key Investment | $6,000,000. Fully upgraded boutique hotel at SE 16th St, Fort Lauderdale — 17 designer units across three contiguous lots (21,450 SF) with RO zoning allowing 5-story development. FINANCIALS: Revenue $830K, $372K NOI (44.6% margin) third-party managed or $461K NOI (7.7% cap) owner-operated. Stabilized 80%+ occupancy, $159 ADR. $600K+ in capital improvements (2023) including smart locks, fiber Wi-Fi, 55" casting TVs. TECH-DRIVEN OPERATIONS: Fully automated — no front desk or full-time staff required. Guesty PMS, PricePoint dynamic pricing (+12% RevPAR), Conduit AI (90% inquiry resolution, support costs cut from $4K to $600/mo), SiteMinder distribution. Entire operation manageable remotely. ROOM MIX: 5 Queen Studios, 4 King Studios, 5 Junior Suites, 3 Two-Bedroom Suites — serving medical travelers, business guests, and leisure visitors. LOCATION: 2 min from Broward Health (716 beds), walking distance to $1.2B Convention Center expansion, <10 min to FLL Airport and Port Everglades (4.7M cruise passengers). Adjacent to $3B+ development corridor (Pier Sixty-Six, Bahia Mar). EXPANSION: Lot 505 is 70% undeveloped — pool/amenity deck, co-working conversion, or 8-12 unit vertical addition.Offered with all technology, furnishings, and systems in place. Ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators.
Investment highlights
100% AI-Operated — Fort Lauderdale's first fully autonomous boutique hotel with minimal staffing requirements
Strong Revenue Growth — 2026 projected revenue of $835K (+12%) with NOI of $374K (+37%)
6.2% Cap Rate — $273K NOI on $6M asking price with significant upside through expansion
Prime Location — 2 minutes from Broward Health Medical Center, near FLL Airport, Port Everglades & Convention Center
Development Upside — RO zoning allows 5-story development; 70% of Lot 505 (7,150 SF) remains unused
Turnkey Investment — $600K in capital improvements completed in 2023, fully renovated with smart technology throughout
Listing Contacts
Optimar International Realty
Listed by Optimar International Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$273,000.00
$22,750.00/mo
Valuation Metrics
0
DSCR
4.55%
Cap Rate
4.55%
ROI
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