1925 Harrison St - Hospitality FOR SALE


Hollywood, FL 33020- Parkside
$25,490,000 USD
954-453-1000
1925 Harrison St, Hollywood, FL for Sale
$25,490,000 USD
Hospitality - FOR SALE
1/26
null | Request Cap Rate

1925 Harrison St
Hollywood, FL 33020
Parkside


HIGHLIGHTS

  • 95-Room Boutique Hotel in Downtown Hollywood, FL
  • Affiliated with Choice Hotels’ Ascend Hotel Collection
  • Recently Renovated & Upgraded Throughout
  • Restaurant & Pool Deck Bar with Existing Lease Income
  • Outdoor Pool, Fitness Center, Event Space & ±68-Space Parking Garage
  • Minutes to Hollywood Beach, FLL Airport, Port Everglades & I-95

OVERVIEW

Rare opportunity to acquire a recently renovated 95-room boutique hotel in the heart of Downtown Hollywood, Florida. The Harrison Hotel is prominently located at 1925 Harrison Street within one of South Florida’s most active downtown districts, surrounded by restaurants, nightlife, entertainment, new residential development and major regional demand drivers. The property includes approximately 60,582 SF on a 24,200 SF site and features an approximately 68-space parking garage. The hotel is affiliated with the Ascend Hotel Collection by Choice Hotels, offering the independent character of a boutique hotel with the added brand recognition, reservation network and operating platform of Choice Hotels. The property has undergone significant recent renovations and upgrades throughout the guestrooms, common areas and amenities. Hotel features include an outdoor swimming pool, pool deck, restaurant and bar, fitness center, meeting and event space and on-site parking. The roof was replaced in 2020. The on-site restaurant and pool deck bar are currently leased through July 2030 with an additional five-year option, creating an additional income stream alongside hotel operations. Located just minutes from Hollywood Beach and the Hollywood Beach Broadwalk, the property also offers convenient access to Fort Lauderdale-Hollywood International Airport, Port Everglades, I-95 and US-1. Its central location supports demand from leisure travelers, business travelers, cruise passengers, groups and events. Downtown Hollywood continues to experience significant residential and mixed-use development, with thousands of new residential units completed, under construction or planned throughout the surrounding area. The combination of continued development, walkability, proximity to the beach and access to major South Florida transportation hubs positions The Harrison Hotel as a strong acquisition opportunity for hospitality investors and operators seeking a well-located hotel asset in Broward County.

FOR SALE DETAILS

PRICE

$25,490,000 USD

PRICE/SF

$421 USD /SF

# OF ROOMS

95

PRICE/ROOM

$268,316 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Harrison Hotel Downtown Hollywood FL

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1969

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

RC-2

APN/PARCEL ID

51-42-15-01-4600,51-42-15-01-4610,51-42-15-01-4800

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

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John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.