.
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| 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.
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| 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.
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| 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
Email: crystal.proenza@colliers.com
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