Casitas Coral Ridge
9.33% Cap Rate Boutique Hotel — One Mile from Fort Lauderdale Beach
Marketing description
Casitas Coral Ridge is a boutique hospitality asset located in the highly desirable Coral Ridge neighborhood of Fort Lauderdale, Florida. The Property features a unique mix of spacious suites and guest accommodations within a tropical residential setting, offering guests an alternative to traditional branded hotels.
Located approximately one mile from Fort Lauderdale Beach, the Property benefits from strong year-round demand generated by leisure travelers, medical visitors, extended-stay guests, cruise passengers, and corporate travelers. Existing ownership has demonstrated the Property's earning power while implementing a technology-driven operating platform designed to improve operational efficiency and profitability.
The Property currently generates approximately $425,000 in annual NOI and is being offered at an attractive 9.3% going-in capitalization rate. Additional upside exists through the conversion of the current management office into a revenue-generating guest suite as well as continued operational optimization initiatives.
Investment highlights
• 9.33% Cap Rate — Strong in-place yield with opportunity to further increase Revenue
• $425,000 NOI — Demonstrated, in-place operating income
• 83% Occupancy Rate — High year-round utilization
• 16 Boutique Keys — Suites, studios & hotel rooms
• One Mile to Beach — Minutes to Fort Lauderdale’s coastline
• Tech-Driven Ops — Contactless check-in & smart locks
• Medical Referrals — Recurring demand from nearby hospitals
• Office-to Suite Upside — Add a 16th key with no new footprint
• Limited Competition — Scarce boutique inventory in Coral Ridge
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