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Hotel Wave Rehoboth Beach 36012 Airport Rd 49 Room Hotel Rehoboth Beach, DE 19971 $11,378,080 CAD ($232,206 CAD/Room)
Investment Highlights
- Year-Round Coastal Demand Driven by Tourism and Regional Visitors
- Benefiting from Strong Weekend and Seasonal Inflow from Major Metro Areas
- Proximity to a Diverse Mix of Lifestyle, Retail, and Beach-Oriented Attractions
- Strategically Positioned Within Delaware’s Tax-Free Retail Corridor
- Located in One of the Mid-Atlantic’s Most Supply-Constrained Coastal Markets
- Positioned to Capture Both Leisure and Overflow Demand from Peak Season Tourism
Executive Summary
Located in the heart of Rehoboth Beach, Hotel Wave presents a rare opportunity to acquire a well-positioned coastal hospitality asset on ±2.15 acres in one of Delaware’s most desirable beach markets. Situated along Airport Road, the property offers convenient access to Rehoboth Beach’s tourism drivers, including the Boardwalk, Tanger Outlets, tax-free shopping, dining, and entertainment destinations. Its proximity to major transportation corridors supports both leisure and regional demand from the greater Delmarva Peninsula and Mid-Atlantic region.
The property is currently operating as a 49-room hotel and has been owner-operated for more than 12 years, demonstrating stable performance and long-term operational consistency. With limited opportunities to acquire hospitality assets in the Rehoboth Beach market, this offering presents investors with the ability to continue the existing business model or reposition the asset to capture additional value. Financial information is available upon execution of a Non-Disclosure Agreement (NDA).
Recent capital improvements include approximately $1MM in renovations completed in 2022, featuring new flooring throughout, updated furniture packages, guestroom modernization, new decorative lighting, 50” televisions, new bathroom vanities, exterior repainting, renovated common areas, and a new suite conversion.
The property is currently operating as a 49-room hotel and has been owner-operated for more than 12 years, demonstrating stable performance and long-term operational consistency. With limited opportunities to acquire hospitality assets in the Rehoboth Beach market, this offering presents investors with the ability to continue the existing business model or reposition the asset to capture additional value. Financial information is available upon execution of a Non-Disclosure Agreement (NDA).
Recent capital improvements include approximately $1MM in renovations completed in 2022, featuring new flooring throughout, updated furniture packages, guestroom modernization, new decorative lighting, 50” televisions, new bathroom vanities, exterior repainting, renovated common areas, and a new suite conversion.
Data Room Click Here to Access
- Purchase Agreement
Property Facts
| Price | $11,378,080 CAD | Building Size | 32,198 SF |
| Price Per Room | $232,206 CAD | No. Rooms | 49 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1996/2003 |
| Property Subtype | Hotel | Parking Ratio | 2.3/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.15 AC | ||
| Zoning | C-1 - Central Commercial District serves as the city's primary downtown and mixed-use hub | ||
| Price | $11,378,080 CAD |
| Price Per Room | $232,206 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.15 AC |
| Building Size | 32,198 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2003 |
| Parking Ratio | 2.3/1,000 SF |
| Corridor | Interior |
| Zoning | C-1 - Central Commercial District serves as the city's primary downtown and mixed-use hub |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $169.25 CAD | - |
| Guest Room | 39 | $147.92 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 334-13.00-178.02 | Improvements Assessment | $311,036 CAD |
| Land Assessment | $30,556 CAD | Total Assessment | $341,593 CAD |
Property Taxes
Parcel Number
334-13.00-178.02
Land Assessment
$30,556 CAD
Improvements Assessment
$311,036 CAD
Total Assessment
$341,593 CAD
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Hotel Wave Rehoboth Beach | 36012 Airport Rd
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