THE INN AT BOYNTON BEACH
We are pleased to present the Inn at Boynton Beach Boulevard. This former Holiday Inn (now Inn at Boynton Beach) features four stories (interior corridor), 101 keys, a pool, a kitchen/dining room and rests on a lot area of 2.22 acres. Located in the heart of Boynton Beach right off I-95 (east on E Boynton Beach Blvd) surrounded by Florida’s natural beauty, nearby Palm Beach Atlantic University, Florida Atlantic University, Palm Beach County Conventional Center, Palm Beach International Airport, just 6 miles away from Delray Beach and 3 miles from Santaluces Sports Complex, making its location extremely convenient. This Hotel is the perfect place to escape the heat after a day in the sun. The area is known for its upscale shopping district, cultural attractions and beautiful beaches. Visitors can experience a wide selection of restaurants, boutiques and galleries.
The property is a short drive away from the excitement of CityPlace Entertainment Complex and the upscale shops of Clematis Street, one of the area’s best historical districts known for upscale boutiques, antique shops, world class restaurants, vibrant nightclubs, and live entertainment. With a highly utilized ease of access along major expressways, both extended use and transient groups have become key in maintaining a high level of occupancy and providing stable cash flow to the property.
The Inn at Boynton Beach is a fairly priced asset that benefits from being positioned in an area with great supply and demand dynamics as well as a stable consumer. This asset is a prime example of a hotel that can be both resilient during this pandemic and outperform its competitive set in occupancy. Operationally, the hotel achieved a gross revenue of $2,177,107 for the trailing twelve ending February 2020, and has tremendous potential upside.