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1201 S Federal Hwy, Hollywood, FL 33020

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Building Details:

• Year Built: 1952

The Shell Motel and Mixed Use Development Opportunity is located in the burgeoning city of Hollywood, FL. Hollywood is currently undergoing an incredible renaissance thanks in large part to a massive rezoning effort finally set forth a few years ago, something that was decades in the making. All major corridors in the city have been rezoned and FAR system placed to maximize density. Along Federal Highway some of the most aggressive zoning in the market features 140 feet vertical entitlements and more with approval as part of the Regional Activity Center Future Land Use. There are millions of square feet of new retail, residential and other commercial development in some phase of construction or planning within the corridor of the Shell Motel and Mixed Use Development Opportunity.

The City of Hollywood has many amenities available to the local population of 153,067. As of 2020, it was the 12th largest city in Florida. The world famous Hollywood Hard Rock Hotel and Casino recently completed a $1.5 billion dollar expansion which included their trademark Guitar Hotel. The Margaritaville beachside development has helped to firmly entrench the City of Hollywood as a Tier 1 leisure destination.

Local economic drivers include proximity to many corporate headquarters that utilize the 5 million square feet of office space with occupancy rates above 93%. There is a workforce of 1 million people in Broward County and 83,000 in Hollywood that find careers in the aviation, healthcare, life science, marine industry, professional services, information and communications fields. Port Everglades is Florida's #1 seaport by revenue and generates $34 Billion in annual economic activity and just minutes up the road from the Shell Motel and Mixed Use Development Opportunity.

Along this Federal Highway corridor and around the Arts Park at Young Circle, there are major mixed use projects including but not limited to 1818 Park, Twin 35 Story Towers by BTI Partners, the Redevelopment of the Bread Building Site, The Tropic, and another pair of 18-story towers for a mixed use development.

Available Spaces

Suite	Space Type	Pricing	Size
---	Office Space	For lease: Per Person Pricing
The Shell Motel and Redevelopment is an exceptional opportunity to acquire a very well maintained Hospitality asset in the burgeoning City of Hollywood, Florida. As Hollywood undergoes a renaissance that is decades in the making, the Shell Motel and Redevelopment is poised to participate in the highly expansive rezoning efforts for the cities main corridors. As Federal Highway and Young Circle go, so does Hollywood. There is no rival in South Florida as it relates to the comprehensive city plan that Hollywood, Florida is currently executing on. The property consists of a highly desirable unit mix with many repositioning opportunities including mixed use redevelopment. Current use is as a select service motel in a market that is well located to many South Florida amenities including the Hard Rock Hotel and Casino, World Famous Hollywood Beach and Broadwalk, Hard Rock Stadium, Shopping and more. Hollywood, Florida is embracing it's current and future as a top tier leisure destination with demand drivers for well positioned hospitality like the Shell Motel and Redevelopment opportunity. The Shell Motel shows a true pride of ownership with a reputation in the market for clean rooms and high demand from repeat clientele from across the globe. The property features new hurricane impact windows, new hurricane impact doors, new electrical service, newer roofs, new furniture, new low flow toilets, new air conditioning, new kitchens, new bathrooms, new flooring, newly paved parking areas, and new signage. There will little to no capital expenditures year one as typical for a hospitality opportunity in the area. As evidenced in the pro forma analysis, CoStar analytics reports a Hollywood sub market ADR of $136.65 for Upper and Upper Mid Scale Hospitality Assets which represents a year over year improvement of 54.20% showing renewed strength in the hospitality market for the area. Cap Rate compression is happening due to the demand drivers in the travel industry to South Florida with deals trading at 7.5% cap rates per CoStar. The Florida market has seen an immense resurgence as people migrate to warm, sunny, and travel friendly destinations like the one that world famous Hollywood, Florida provides! « show less The Shell Motel and Redevelopment is an exceptional opportunity to acquire a very well maintained Hospitality asset in the burgeoning City of... show more » View Details The Shell Motel and Redevelopment is an exceptional opportunity to acquire a very well maintained Hospitality asset in the burgeoning City of Hollywood, Florida. As Hollywood undergoes a renaissance that is decades in the making, the Shell Motel and Redevelopment is poised to participate in the highly expansive rezoning efforts for the cities main corridors. As Federal Highway and Young Circle go, so does Hollywood. There is no rival in South Florida as it relates to the comprehensive city plan that Hollywood, Florida is currently executing on. The property consists of a highly desirable unit mix with many repositioning opportunities including mixed use redevelopment. Current use is as a select service motel in a market that is well located to many South Florida amenities including the Hard Rock Hotel and Casino, World Famous Hollywood Beach and Broadwalk, Hard Rock Stadium, Shopping and more. Hollywood, Florida is embracing it's current and future as a top tier leisure destination with demand drivers for well positioned hospitality like the Shell Motel and Redevelopment opportunity. The Shell Motel shows a true pride of ownership with a reputation in the market for clean rooms and high demand from repeat clientele from across the globe. The property features new hurricane impact windows, new hurricane impact doors, new electrical service, newer roofs, new furniture, new low flow toilets, new air conditioning, new kitchens, new bathrooms, new flooring, newly paved parking areas, and new signage. There will little to no capital expenditures year one as typical for a hospitality opportunity in the area. As evidenced in the pro forma analysis, CoStar analytics reports a Hollywood sub market ADR of $136.65 for Upper and Upper Mid Scale Hospitality Assets which represents a year over year improvement of 54.20% showing renewed strength in the hospitality market for the area. Cap Rate compression is happening due to the demand drivers in the travel industry to South Florida with deals trading at 7.5% cap rates per CoStar. The Florida market has seen an immense resurgence as people migrate to warm, sunny, and travel friendly destinations like the one that world famous Hollywood, Florida provides! Pricing: Per Person Pricing Availability: Now Listing ID: 3234790 Save to list

Office Space

For lease: Per Person Pricing

The Shell Motel and Redevelopment is an exceptional opportunity to acquire a very well maintained Hospitality asset in the burgeoning City of Hollywood, Florida. As Hollywood undergoes a renaissance that is decades in the making, the Shell Motel and Redevelopment is poised to participate in the highly expansive rezoning efforts for the cities main corridors. As Federal Highway and Young Circle go, so does Hollywood. There is no rival in South Florida as it relates to the comprehensive city plan that Hollywood, Florida is currently executing on. The property consists of a highly desirable unit mix with many repositioning opportunities including mixed use redevelopment. Current use is as a select service motel in a market that is well located to many South Florida amenities including the Hard Rock Hotel and Casino, World Famous Hollywood Beach and Broadwalk, Hard Rock Stadium, Shopping and more. Hollywood, Florida is embracing it's current and future as a top tier leisure destination with demand drivers for well positioned hospitality like the Shell Motel and Redevelopment opportunity. The Shell Motel shows a true pride of ownership with a reputation in the market for clean rooms and high demand from repeat clientele from across the globe. The property features new hurricane impact windows, new hurricane impact doors, new electrical service, newer roofs, new furniture, new low flow toilets, new air conditioning, new kitchens, new bathrooms, new flooring, newly paved parking areas, and new signage. There will little to no capital expenditures year one as typical for a hospitality opportunity in the area. As evidenced in the pro forma analysis, CoStar analytics reports a Hollywood sub market ADR of $136.65 for Upper and Upper Mid Scale Hospitality Assets which represents a year over year improvement of 54.20% showing renewed strength in the hospitality market for the area. Cap Rate compression is happening due to the demand drivers in the travel industry to South Florida with deals trading at 7.5% cap rates per CoStar. The Florida market has seen an immense resurgence as people migrate to warm, sunny, and travel friendly destinations like the one that world famous Hollywood, Florida provides! « show less

The Shell Motel and Redevelopment is an exceptional opportunity to acquire a very well maintained Hospitality asset in the burgeoning City of... show more »

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1201 S Federal Hwy, Hollywood, FL 33020

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