505 SE 16th St - Hospitality FOR SALE


Fort Lauderdale, FL 33316- Poinciana Park
$6,000,000 USD
305-799-7290
505 SE 16th St, Fort Lauderdale, FL for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/90
null | 6.23% Cap Rate

505 SE 16th St
Fort Lauderdale, FL 33316
Poinciana Park


HIGHLIGHTS

  • 100% AI-Operated — Zero full-time staff, fully autonomous with Guesty, PricePoint AI, Conduit AI
  • 6.2% Cap Rate | $740K Revenue | 80.6% Occupancy | $600K+ Capital Improvements (2023)
  • Expansion Upside — RO zoning allows 5-story, Lot 505 is 70% undeveloped for 8-12 additional keys

OVERVIEW

THE LAUDERDALE BOUTIQUE HOTEL & SUITES — Fort Lauderdale's First Fully AI-Operated Hotel | $6,000,000 | 6.2% Cap Rate | 17 Keys This is not a traditional hotel. The Lauderdale is a 100% AI-operated boutique hotel running autonomously with only one part-time property manager. No front desk. No full-time employees. Every aspect — booking, check-in, pricing, guest communication, and channel distribution — is powered by AI and best-in-class automation. INVESTMENT SUMMARY Asking Price: $6,000,000 | Price Per Key: $353,000 2025 Revenue: $740,000 | NOI: $273,000 | Cap Rate: 6.2% 2026 Projected Revenue: $835,000 (+12%) | Projected NOI: $374,000 (+37%) Average Daily Rate: $159 | Stabilized Occupancy: 80.6% Over $600,000 in capital improvements since June 2023 acquisition PROPERTY DETAILS 17 Designer Keys across 3 buildings on a 21,450 SF lot (3-lot assemblage) 6,869 SF total building area | Built 1960 | Fully renovated 2023 Room Mix: 5 Queen Studios, 4 King Studios, 5 Junior Suites, 3 Two-Bedroom Suites Free parking, no resort fees, pet-friendly PRIME FORT LAUDERDALE LOCATION 2 minutes from Broward Health Medical Center (716 beds) Walking distance to the $1.2B Fort Lauderdale Convention Center expansion Under 10 minutes to FLL Airport and Port Everglades (4.7M cruise passengers/year) Adjacent to $3B+ development corridor EXPANSION UPSIDE Zoned RO — Lot 505 (7,150 SF) is 70% undeveloped. Potential for 8-12 additional keys, pool/amenity deck, or co-working space without disrupting operations. Contact: Rosa Poler | rosapoler@hotmail.com

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$873 USD /SF

# OF ROOMS

17

PRICE/ROOM

$352,941 {currency}

CAP RATE

6.23%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lauderdale Boutique Hotel & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1959

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

RO

APN/PARCEL ID

50-42-15-10-4980,50-42-15-10-4990,50-42-15-10-5000

ASK ABOUT THIS PROPERTY

Kevin PolerNoel PolerMore Info
305-799-7290

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Kevin PolerNoel PolerMore Info
305-799-7290

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