Compass guides the sale of another small hotel on Fort Lauderdale Beach
Real estate brokerage firm Compass announced the sale of Harbor Beach Inn in Fort Lauderdale’s beach area for an undisclosed price.
Compass agent Charle Celesia arranged the sale of the small lodging property at 1147 Seabreeze Boulevard, which anticipates high-season rates starting at $140 a night.
“Our investor, an international hotelier, hopes to continue expanding his passion for hospitality in the Fort Lauderdale market,” Celesia said in a prepared statement.
Celesia also recently arranged the sale of a nearby property, the Blarney Castle Motel at 2086 Harbor Drive.
The 20-room Blarney Castle sold for $3 million, one of several small lodging properties in Fort Lauderdale’s beach area that have changed hands this year.
In March, for example, the 40-room Sea Breeze Plaza at 3081 Harbor Drive sold for $5.75 million, and in February, the 23-room Drift Hotel at 3005-07 Alhambra Street sold for $3.3 million.
Source: The Real Deal