Hodges Ward Elliott (“HWE”) has been exclusively retained to offer, for the first time, the opportunity to acquire The Hampton Inn Delray Beach (the “Hotel,” or the “Property”) located in Delray Beach, Florida. The 143 key hotel was constructed ground-up and opened in March of 2023. The Hotel enjoys its prominent position in the heart of Delray Beach sitting only one mile from the sand. Guests can enjoy the outdoor pool, state-of-the-art fitness center, complimentary hot breakfast, and access to Delray’s vibrant restaurant, arts, and cultural scene.
Delray Beach is filled with dozens of restaurants, art galleries, and boutiques lining its celebrated Atlantic Avenue. The city covers over two miles of sand and is home to the Delray Beach Open, Morikami Museum and Japanese Gardens, and the Cornell Art Museum. The Hampton Inn is only a twenty-five-minute drive from Palm Beach International Airport (PBI) along with downtown West Palm Beach and less than ten miles north of Boca Raton Executive Airport (BCT) and Florida Atlantic University (enrollment of over 30,000 undergrads).
Property Overview
| Hotel | Address |
| Opened / Renovated | 2023 |
| Floors | 4 |
| Keys | 143 |
| Food & Beverage | Free hot breakfast |
| Event Space | 1,032 SF | Amenities |
|
| Parking | 102 Parking Spaces (94 lower level garage, 8 surface), 1 floor of subterranean parking |
| Brand | Hampton by Hilton |
| Interest | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
Investment Highlights
Brand New, Ground Up Asset with Limited New Supply in Pipeline
The Hampton Inn Delray Beach is a newly constructed property, that opened its doors in March of 2023. Not only representing best-of-the-best physical structure, the Property benefits from a muted supply pipeline, with only one hotel in planning or under construction in the Boca Raton-Delray Beach hospitality submarket.
Opportunity for New Owner to Take Advantage of Ramping Cash Flow
As the property is in its first six months of operation, the new owner has the opportunity to step into a brand new asset and impart their own strategies as the Hotel begins to ramp.
Located on the Famed Atlantic Avenue, One Mile from the Beach
Delray Beach has become one of the most popular leisure destinations in South Florida over the last three years. Evolving from a sleepy beach town, Delray Beach emerged from the pandemic as a vibrant, sophisticated city in which to live and visit. The city’s main thoroughfare, Atlantic Avenue is located two blocks south of the Hampton Inn Delray. “The Ave” features outdoor cafes, friendly bars, high-end cuisine, electric nightlife, exclusive boutiques, museums and art galleries. At the eastern end of Atlantic Avenue is Delray’s two miles of Atlantic beaches.
Power of Hilton
The Hotel is the only Hilton branded select-service hotel in Delray Beach. Hilton is undeniably one of the most recognizable and top-performing hospitality brands in the world, providing highly rated reservation systems and access to over 146 million Hilton Honors members. Hampton Inn by Hilton represents one of the most desirable flags in hospitality today, as the extended-stay segment has generally outperformed the rest of the industry. For this market specifically, the Hampton Inn Delray’s Hilton affiliation will attract demand from the key demographic of vacationing families seeking sandy beaches and all else Delray has to offer.
Unencumbered of Management
The Hampton Inn Delray Beach is offered unencumbered by the existing management agreement. A new owner is free to implement their own operational philosophy to capture additional market share and drive profitability.
