AVID HOTEL FORT LAUDERDALE AIRPORT-CRUISE

INVESTMENT OVERVIEW

Hunter | Havericak | Altman Hotel Group has been exclusively retained to offer for sale the fee simple interest in the Avid Hotel Fort Lauderdale Airport-Cruise located in Dania Beach, Florida, directly adjacent to Fort Lauderdale in the heart of Broward County, the second most populated county in Florida. The hotel is a 101-room, 4-story, concrete block & plank structure opened in 2021. It stands to benefit from its Central Location off Interstate 595 and minutes from Interstate 95, Florida’s Turnpike, and US Highway 1, all of which provide guests convenient access to the wide array of economic drivers within the Miami-Fort Lauderdale-West Palm Beach MSA. Avid Hotel Fort Lauderdale Airport-Cruise offers a new owner the opportunity to acquire a newly built IHG hotel in a top-10 MSA with the potential to realize long-term RevPAR growth in one of the most sought-after, expansive markets in the Country.

INVESTMENT HIGHLIGHTS

• Newly Opened Concrete Block & Plank 101-Room Hotel
• Heart of the Miami-Fort Lauderdale-West Palm Beach MSA
• +/- 21.9% MSA Population Growth From 2000 to 2020
• $105.66 STR Competitive Set 2019 RevPAR (Comfort Suites, La Quinta, Fairfield Inn & Suites, Tryp, Holiday Inn Express)
• March 2022 Avid RevPAR of $125.36 (First Full Month Open)
• Proximate to FLL Airport, Port Everglades, Broward Health Medical Center, Downtown Fort Lauderdale, Las Olas Blvd, Seminole Hard Rock Casino, and More