Description

Number of Properties: 2
Price/SF: $589.90/SF
Individually For Sale: 0
Cap Rate: 10.16%
Total Building Size: 10,000 SF
Sale Type: Investment or Owner User
Total Land Area: 1.36 AC
Year Built: 1948, 1974

Highlights:
Renovation in 2017/2019 completed, with new furnishings, updated kitchens and bathrooms. Properties feature 32 HD Security Cameras.
Located in up-coming Dania Beach area with re-development plan in works.
2 Renovated Apartment Hotels (licensed) with extra attached vacant parcel/lot for future property development.
Located 1.3 miles to Dania and Hollywood Beach. 0.5 miles to Shopping and Dining , Starbucks, Publix Supermarket, Walmart, Walgreens.
Strategically positioned, bordering with HOLLYWOOD, at Sheridan St. & Federal Hwy (US-1) Dania Beach. Near Cruise Port & Fort Lauderdale Airport FLL.
Profitable and established Hospitality/Hotel Business, with good financials available. Mostly hands free to operate.

Sale Notes
BUSINESS FOR SALE and PROPERTIES AS HOSPITALITY PORTFOLIO:
Hospitality Business with 3 LOTS Portfolio located together- Hotel/Hostel bundle of 3 Not Flagged Hotels, active and profitable, Licensed to do Businesses in FL, are included in the sale. Total rentable area under AC is approximately 7,000 SF +. Approximately 1 acre of land (will be an asset for future re-development to MIX USE buildings).
Located 1 block from two major arteries: Sheridan Street and US 1/Federal Hwy. Bordering with Hollywood Beach.
All 3 brands are operated by Sheridan Management Group. On-site rental office & front desk with full IT/ computer system and property management software in place. All 3 brands are located in the same block, across from one another.
Sheridan Hotel Management is well established lodging operation. Contracts with all major travel industry giants, (Expedia, Booking.com, Airbnb and all others), with excellent reputation among travel and marketing community.
Lodging operations are branded (without additional costs to flags) as:
1) SHERIDAN SUITES APARTMENTS HOTEL:
Is Offering Apartments-Suites: 2-3 BR., 3-2 BR., 4-1 BR., 2-Studios. Total of 11 residential apartments (separately metered). All Suites have Full kitchens with modern stainless steel appliances and bathrooms, living and dining areas.
Furnished with hotel quality furniture. king size beds, flat screen TVs in every room, room safes, iron and ironing boards, Wi-Fi and Parking.
ALL Suites are designed as extra capacity rentals for additional revenue. May sleep from 4 to 10 guests per unit size.
3 BBQ grills, mature landscape. Active and busy rentals year round. Large swimming pool and sun-deck with high quality lounges & chairs, outdoor seating and gazebos. 3 BBQ stations, on site garden. Fully gated and secured. CC TV.
Operating for over 5 years as Apartments Hotel short-term rentals, from 2014.
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SHERIDAN GUESTHOUSE LODGE
5 STUDIOS, capable to host up to 6 Guests. Fully equipped, furnished and renovated. With Queen, Double-Queen Beds and Sofa sleepers.
Located in large beautiful Garden settings. Gated and CC TV equipped. 2 Additional Exterior private full Bathrooms with Showers, at the property, for extra Guests convenience. Licensed and Operated as Hotel (short term) Studio Rentals for 2 years, from 2017.
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SHERIDAN HOSTEL/DORMITORY
Located across the street from Sheridan Suites. In Garden settings with BBQ stations, kitchenettes, TV lounge, Gazebos, and Gated for security with CCTV supervision.
Fixtures Fifty One (51) Bunk Beds, in 6 Hostel-Dormitory Rooms, newly developed to accommodate single Guests or groups in rentable single Beds. Well equipped and meeting top commercial Hostel standards. Operated as Dormitory for budget minded travelers from 2017.
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All 3 Brands at full capacity, may sleep, up to 160 Guests per night.
All locks are Code Operated (Smart Locks), with Codes generated by computer applications.
On site parking is available to all staying Guests.
Wi-Fi is setup throughout the properties.
Irrigated by underground pomp-wells at no cost to use.
Artificial Grass was installed, drastically reducing landscaping and maintenance.
Dedicated smoking areas for Guests mutual comfort.
LED cost saving bulbs and ambient Lighting as well as Landscaping and Parking illumination.
Fountain and Sundeck, quality chars & lounges to sun-tan.
Two ( 2 ) Coin (income producing) Laundry Rooms for Guests.
ATM and Vending machines (producing extra income).
One ( 1 ) Laundry facility on site (Staff operated) for bedding and linens, producing less expensive and more efficient hotel laundry
Lashes Landscaping, mature with large trees, crowning all properties.
ADDITION TO THE PACAGE:
Additional Buildable vacant lot is attached, as extension to the property.
Work Areas developed for Maintenance and Housekeeping needs.
Utility storage, new Closets, for housekeeping.
SHERIDAN MANAGEMENT & OFFICE AND STAFF:
TURN KEY ESTABLISHED and WE WILL TRAIN NEW GENERATION IF NEEDED.
Operating Hrs.: 11 am to 9:30 pm 7 days p/w thru-out 2019
Two Full time Front Desk Associates, One Manager on staff.
Booking contracts are established thru out all major media giants such as Expedia, Bookingcom and all others.
2 Computers Stations and Video observation Stations, with 24 terabytes of Video Memory 24/7 recording. 5 Megapixels Super HD Quality Video Cams.
Fully automated and computerized Property Management System is in place with all IT is established with Bookkeeping Platform, 3 established propitiatory Websites, that are Direct Customer acquisition and booking capable and driven, providing about 30% of direct Booking capacity.
Hotel Management owns and operates following Domains:
www.sheridansuites.us
www.sheridansuiteshotel.com
www.sheridanhostel.us
www.sheridanguesthouse.us
If you have any further requests or questions, please contact us at your convenience.

Taxes & Operating Expenses (Actual - 2018)
Annual
Gross Rental Income: $876,365
Other Income: $18,360
Vacancy Loss: $0
Effective Gross Income: $894,725
Taxes: $33,000
Operating Expenses: $262,645
Total Expenses: $295,645
Net Operating Income: $599,080