Tiana Beach Inn 327 Harding St 13 Room Hotel Hollywood, FL 33019 $5,399,413 CAD ($415,339 CAD/Room)

LOCATION! TURNKEY!
Tiana Beach Inn is a recently renovated 13-key boutique hotel ideally located steps from the Hollywood Beach Broadwalk, offering a combination of stable in-place performance and significant value-add potential. Since acquisition, the property has undergone cosmetic updates and has developed a solid base of repeat customers along with a strong online reputation; however, room rates have historically been limited by its previously outdated condition and underutilization of certain units, including an office/storage room that is not currently generating revenue and a one-bedroom unit with only partial use. The property currently generates approximately $390K–$420K in annual room revenue with occupancy in the 75 % range and ADR around $130-$140 With the ongoing renovation and repositioning, there is a clear path to increasing ADR into the $170+ range and improving occupancy into the mid to high -80s, driving projected stabilized revenue of ~$550K+ and NOI exceeding $200K. Additional upside includes implementing parking fees, monetizing ancillary services (early check in, late check out), and converting office space into fully revenue-generating unit, creating a compelling opportunity for an investor or owner-operator to unlock value and achieve a stabilized return in the 5%+ range in a high-demand South Florida coastal market.
Additionally, there may be a potential opportunity to assemble with an adjacent land parcel, and ownership can facilitate an introduction to the neighboring property owner for interested parties, subject to independent discussions.