954-815-9525
2125 S Atlantic Ave, Daytona Beach, FL for Sale
Hospitality - FOR SALE
1/6
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2125 S Atlantic Ave
Daytona Beach, FL 32118
Daytona Beach Shores


OVERVIEW

HREC Investment Advisors (“HREC IA”) is pleased to present qualified investors the opportunity to acquire the fee-simple interest in the 115-guestroom El Caribe Resort & Conference Center (hereinafter “Hotel” or “Property”) located in Daytona Beach, FL. The El Caribe Resort & Conference Center represents a terrific opportunity to acquire a large-scale beachfront asset in the Daytona Beach (Beachside) lodging market. With 400 linear feet of direct Atlantic Ocean frontage, this 115-key, independently operated Hotel offers both (1) inplace cash flow and (2) significant value-add upside. The Resort includes approximately 4,000 SF of meeting and event space, two oceanfront pools, and a large beachfront lawn, positioning it well to capitalize on both transient leisure and group demand. Daytona Beach continues to benefit from strong tourism and institutional demand — including two world famous Bike Weeks, NASCAR’s Daytona International Speedway, Embry-Riddle Aeronautical University, and Halifax Health—all within a short drive of the property. Unlike high-cost ground-up beachfront development, this asset offers an immediate value-add play through strategic renovations and reconfiguration. Recent storms have cleared obsolete inventory from the market and prompted major public and private reinvestment, including seawall replacements and several nationally-branded hotels under development nearby. These new builds will elevate the overall market profile and RevPAR performance—providing a tailwind to repositioning efforts at El Caribe. With favorable zoning and land use flexibility, investors may pursue expansion of the room count by (1) reconfiguring existing suites, and (2) developing up to an additional 60 rooms. Upside opportunities also exist in public space enhancements, food & beverage activation (e.g., tiki bar, café), and potential affiliation with a national brand.

FOR SALE DETAILS

PRICE

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# OF ROOMS

110

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Caribe Resort & Conference Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1951

PARKING SPACES

79

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,860 SF

ZONING

03T

APN/PARCEL ID

5315-02-02-0170,5315-02-02-0220

ASK ABOUT THIS PROPERTY

Tammy BatemanHREC Investment AdvisorsMore Info
954-815-9525

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Tammy BatemanHREC Investment AdvisorsMore Info
954-815-9525

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