Tuesday, February 25, 2014

Colliers Lists Pompano, FL Waterfront Hotel Development Site

Clinton Casey
FORT LAUDERDALE, FL - Colliers International South Florida is pleased to announce a new listing of two waterfront parcels in Pompano Beach totaling 2.8 acres with preliminary approval for up to a 150-room hotel, 10 stories tall. 

The site will also accommodate development of a signature waterfront restaurant as part of the hotel project. 

The property, located at 2507 North Ocean Boulevard, is listed for sale by listing agents Richard Lillis, Executive Vice President, Clinton Casey, Senior Commercial Associate and Kent Schwarz, Executive Vice President, on behalf of the receiver. 

Kent Schwarz
"The project's enviable location on the Intracoastal Waterway, the riparian rights, the proximity to the Hillsboro Inlet and the beautiful beaches of Pompano create a very compelling message that will attract a broad spectrum of buyers," says Lillis.

 There is significant leisure and group demand for hotels in the area, especially since there are no Hilton, Hyatt or Starwood branded hotels currently in Pompano Beach.

The Greater Fort Lauderdale hotel market has experienced enviable revenue per available room growth of approximately 7% per year over the last few years. 

Colliers International's sister company, PKF Hospitality Research, forecasts continued growth for the foreseeable future through 2017.  

Richard Lillis
"We believe that a hotel at this site will attract leisure travelers, boaters and diners seeking a unique and convenient waterfront setting," adds Lillis.

The hotel development site, which also has an operating 25-slip Marina, has unobstructed Intracoastal Waterway views to the north and third-floor views of the Hillsboro Inlet and the Atlantic Ocean to the south.

For a complete copy of the company’s news release, please contact:


Crystal Proenza
Vice President of Marketing and Culture
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138



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