AVID HOTEL FT LAUDERDALE AIRPORT-CRUISE

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 101-room Avid Hotel located in Dania Beach, Florida, adjacent to Fort Lauderdale in the heart of Broward County, the second most populous county in the state. Opened in 2022, the property is a four-story concrete block and plank structure. The hotel benefits from its highly accessible location just off I-595, with immediate connectivity to I-95, Florida’s Turnpike, and U.S. Highway 1, providing seamless access to the region’s diverse economic demand generators within the Miami–Fort Lauderdale–West Palm Beach MSA.
Avid Hotel Ft. Lauderdale Airport–Cruise presents investors with the opportunity to acquire a premium-branded, limited-service asset affiliated with IHG Hotels & Resorts in a top-10 U.S. metropolitan area. The hotel offers significant upside potential through operational optimization, with the ability to drive long-term RevPAR stabilization while capitalizing on the strength of the IHG brand, its global distribution platform, and its established base of loyal customers.

INVESTMENT HIGHLIGHTS

• Strong Positive Year-Over-Year RevPAR Trend from November to March
• Centrally Located Between Miami and West Palm Beach within the Top-10 MSA
• Fort Lauderdale-Hollywood International Airport is Currently Expanding -- $404M Fifth Terminal, Est. Completion 2026
• Port Everglades is the Third Busiest Cruise Homeport in the World -- 16%+ Increase in Passengers in FY 2025 (4.77M+)
• ADR Increased Year-Over-Year for Both the Subject Property and Competitive Set
• Fort Lauderdale's Population has Grown +/- 15.2% Since 2010
• Proximate to FLL Airport, Port Everglades, Broward Health Medical Center, Downtown Fort Lauderdale/Las Olas Blvd., Seminole Hard Rock Casino, Nova Southeastern University, and More