Buyers Fee 3 Percent
Price 29M
LOI AND POF to move forward
Property Name: Fort Lauderdale Grand Hotel (also referred to as Grand Hotel Fort Lauderdale)
Address: 4900 Powerline Road, Oakland Park, Broward County, FL 33309 (commonly listed under Fort Lauderdale)
Property Type: Full-service, independently owned and operated 3-star hotel, business-friendly with modern amenities
Number of Rooms: 196
Gross Building Area: 104,880 square feet (5 stories, reinforced concrete construction)
Land Area: 185,405 square feet (4.26 acres, irregularly shaped site with good visibility, access, and utility)
Year Built: 1972 (actual age: 50 years as of 2022 appraisal)
Year Renovated: 2022 (approximately $6.4 million investment, including refurbished nightclub, added pool deck, bar, cabanas, and full liquor license for events)
Quality and Condition: Good overall, with no deferred maintenance noted in 2022
Key Amenities: Restaurant and lounge/nightclub; 5,535 square feet of indoor banquet space; outdoor swimming pool with themed deck, cabanas, and poolside bar; business center; fitness center; guest laundry; back-of-the-house facilities; air-conditioning; family rooms; live music/events
Parking: 209 surface spaces (1.07:1 ratio per room)
Zoning: B-2 (General Business District), conforming use, no changes or variances applied for
Flood Zone: AH
Highest and Best Use: Continued operation as a hotel (as improved); interim hold for future development (as vacant)
Operating Projections (from 2022 Appraisal): Trailing 12-month occupancy 89.7% at $84.93
ADR; projected stabilized occupancy 81.0% at $105.84 ADR
Appraised Value (as of Dec 15, 2022): $34,400,000 as-is ($175,000 per room); $37,200,000 upon stabilization (Dec 15, 2024, $189,796 per room)
Allocated Value (from Appraisal): Real property $32,680,000, personal property (FF&E) $1,720,000, business value $0 (as-is)
Insurable Value (from Appraisal): $31,500,000
Tax Information (2022): Assessed at $11,540,823 ($58,131 per room); liability $297,434 (current)
Current Status (as of 2025): Operational and bookable, with positive reviews noting value, staff, and location near Fort Lauderdale-Hollywood International Airport (8 miles) and attractions like Chase Stadium
