Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the Lost Inn Paradise, a waterfront boutique hotel located in Cocoa Beach, Florida. The property is a limited-service hotel featuring 13 guest rooms, including a mix of studios and suites featuring kitchenettes with refrigerators and microwaves. At Lost Inn Paradise, the property offers guests the ability of enjoying both a beautiful beach sunrise from the observation deck or a stroll across the street and a sunset over the Banana River from the pool or the Bungalow’s patio.
We’re bringing this property to market without a listed price, but the seller is encouraging all offers.
The current owner, who is based on Florida’s west coast and owns another property there, purchased this asset in December 2023 for $4.2M. Due to the distance, he has not been a hands-on operator. This presents a strong opportunity for an operator to increase revenue through hands-on management and by exploring additional income streams, such as a tiki bar (with potential for a liquor license).
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