Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present the fee simple interest in the Residence Inn by Marriott Boca Raton, a 120-key extended-stay hotel located at 525 NW 77th Street, in the heart of Boca Raton, Florida. This offering represents an exceptional opportunity to acquire a high-performing asset in one of South Florida’s most desirable markets. The Property sits on a 4.26-acre parcel and features 16 two-story buildings, offering 120 spacious guest suites and a robust amenity package including a fitness center, outdoor pool, whirlpool, basketball court, and ample surface parking with dual ingress/egress. Ownership has invested $700,000 in capital improvements since 2020, including upgrades to stairwells, pool lifts, carpeting, and mechanical systems. The hotel operates under a Residence Inn franchise agreement valid through 2029, providing operational stability for near-term investors or repositioning flexibility for long-term redevelopers. The Property is zoned M-3 / PID (Planned Industrial Development) and currently operates under Use Code 3900 – Motel. While M-3 zoning is generally reserved for industrial and commercial uses, the site qualifies for multifamily redevelopment under Florida’s Live Local Act, allowing residential development by right if 40% of the units are designated affordable for households earning up to 120% of AMI. This creates an attractive dual-path investment: continue operations as a hotel, or pursue a by-right residential redevelopment strategy. The Hotel currently holds a RevPAR Index of 86% (YTD), with a three-year average of 119.9%, suggesting strong historical performance and room for revenue recovery through enhanced management and marketing strategies. Boca Raton Market Overview Boca Raton is one of Florida’s most prestigious coastal cities, renowned for its luxury lifestyle, affluent population, and dynamic blend of business and leisure demand. Located in southeastern Palm Beach County, the city serves as a corporate and residential hub, drawing year-round demand from high-income travelers and long-stay guests. The area is home to major demand generators including Florida Atlantic University, Boca Raton Regional Hospital, Mizner Park, and the headquarters of ADT, Office Depot, and GEO Group, as well as a growing cluster of tech and finance firms. A strong corporate presence and institutional base drive consistent hotel demand across both weekdays and weekends. Boca Raton benefits from excellent regional and local connectivity. The Property is just four miles from the Boca Raton Brightline Station, offering high-speed rail access to Miami (1 hour) and Orlando (3 hours). It is also two miles from the Tri-Rail Station, a key local commuter rail system connecting Miami-Dade, Broward, and Palm Beach Counties. Additionally, the Hotel has convenient access to both Palm Beach International (PBI) and Fort Lauderdale-Hollywood International (FLL) airports. Just 0.4 miles from the Property, the El Rio Trail offers a scenic, multi-use recreational and commuter path that winds through the heart of Boca Raton. The trail connects directly to Florida Atlantic University, the Tri-Rail Station, and terminates approximately 1,000 feet from Boca Raton Regional Hospital. This connectivity enhances access to major demand generators and boosts appeal for extended-stay guests as well as future residential tenants under potential redevelopment scenarios. Hotel fundamentals in Boca are among the strongest in the region, with premium Average Daily Rates (ADR) and robust performance in both luxury and upper-upscale segments. The city’s limited land availability and high barriers to new development make existing hotel assets and repositioning strategies particularly attractive. The Hotel enjoys excellent visibility and access adjacent to I-95 (227,000 VPD) and Congress Avenue (25,500 VPD), and serves a dense trade area of over 215,000 residents with an average household income of $105,215. Positioned between Delray Beach and Fort Lauderdale, the Property is well situated to capture overflow demand while providing revenue upside through targeted improvements and management.