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2007 N Ocean Dr
Hollywood, FL 33019

Presented by

Kate Smith

Contact

Kate Smith
$5,450,000
Commercial
14 Bedrooms
14 Full Bathrooms
1 Half Bathroom
14 Units
Interior: 5,459 sqft
Lot: 10,677 sqft
Year Built: 2015
MLS #: A10794550
 

Description

Kate Smith Group | Kate Smith Group of Brosda and Bentley Realtors LLC has been retained by the Owner as the exclusive agent and adviser for the sale of Casa Pellegrino, located at 2007 N Ocean Drive, Hollywood FL 33019 , an outstanding opportunity for an investor or owner/user to acquire a distinctive boutique hotel, fully rebuilt in 2014-15. This quaint hotel emulates a Mediterranean feel throughout. Each of the 13 comfortable suites, featuring an individual style and décor is equipped with a refrigerator, kitchenette and dining area, bringing all the amenities of home to your vacation stay. The beautiful award-winning Hollywood Beach and the world famous Hollywood Boardwalk are just a few steps away from the hotel. The hotel offers free parking –up to 6 spaces on site, plus parking permits (limited).

 

Casa Pellegrino has been recognized as one of South Florida’s finest hotels and resorts, and has won numerous prestigious awards since its opening in 2016. It offers the ease of well-established, turn-key operation, without any need of repair, renovation or remodeling as it is essentially a new construction, from the ground up, completed in 2015. In addition, there is a completely untapped source of substantial income potential from catering services, events, take out and even a restaurant. Some permits already have been obtained as well as beer and wine license. The venue has a capacity of 80 – 150 guests.  The current CAP rate is 6.4%. This offering represents a rare, “pride-of-ownership” opportunity to acquire trophy real estate in an incomparable, world class location.

 

The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility in an iconic beachfront location, which attracts millions of visitors each year. 100% operating hotel, outstanding reviews on TripAdvisor, it is a great business opportunity and rare to find: new construction, luxury boutique hotel of this caliber, in the area. Visits are STRICTLY by appointment ONLY. Do not show up at the property unaccompanied by listing office associate.
 

Property Features:

Newly built 2014-15
14 uniquely appointed luxurious suites
Lobby (front office)
Kitchenette in each suite
Full size refrigerator
Dedicated WiFi router in each suite
Dedicated WiFi antenna
Individual room controls
Mini-split in each suite
Fire Sprinkler and smoke detectors
Electronic key lock system
Laundry facility-for housekeeping
ADA compliant- 1 suite and 2 bathrooms
Handicap parking 1
Guest parking (onsite 6), plus 10 permits (offsite)
High impact doors/ windows 

Additional untapped source of potential income:
Commercial space with bath
Bar area with authentic Italian brick oven 
Catering/events/take-out 80-150 pax
2 storage rooms

 Awards and recognitions

Voted #1 Small Luxury Hotel in FL
Best Hotel-Readers’ Choice USA Today
TripAdvisors- Certificate of Excellence, 4 yrs 
TripAdvisorsTravelers Choice Award, 4 yrs
Superior Small Lodgings – White Glove Award
Bookings.com- Most Wanted Awards- 2019-20 

6.4% CAP rate (1 suite is Owner-occupied, non-income generating) endless upside potential 

 

Presented by

Kate Smith

Kate Smith
EXP Realty
(786) 412-8510
Email:  [email protected]
www.homesforsalehollywoodfl.com

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Listed by: Brosda and Bentley Realtors

Other languages:
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2007 N Ocean Dr
Hollywood, FL 33019

Offered at
$5,450,000

Property photo
Commercial
14 Bedrooms
14 Full Bathrooms
1 Half Bathroom
14 Units
Interior: 5,459 sqft
Lot: 10,677 sqft
Year Built: 2015
MLS #: A10794550

Luxury Boutique Hotel Casa Pellegrino

Casa Pellegrino, located in Hollywood Beach FL 33019, is an outstanding opportunity for an investor or owner/user to acquire a distinctive boutique hotel, in essentially new building fully rebuilt in 2014-15 from the ground up.

Property photoProperty photoProperty photoProperty photo
Map of 2007 N Ocean Dr, Hollywood, FL 33019, USA
Kate Smith

For more information contact:
Kate Smith
EXP Realty
Phone: (786) 412-8510
[email protected]

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Equal Housing Opportunity Equal Housing Opportunity
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