OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Tahitian Beach Resort, located in Treasure Island, Florida just north of Central Avenue/Treasure Island Causeway. This 70-room hotel spans three parcels along Gulf Boulevard, featuring over 200 feet of pristine beachfront and intercoastal access. Following an extensive multi-million-dollar renovation, the resort now boasts upgraded interiors and exteriors, providing an enhanced luxury experience. Featured amenities include two heated pools, a serene zen garden, and convenient on-site dining and beverage options, along with a variety of water sports equipment available for rent. The transformation of the Tahitian Beach Resort has not only upgraded its aesthetic and service offerings, but also presents significant growth opportunities for potential owners. With the foundation in place for expanding revenue streams—through the existing $20 resort fee, utilization of the 4COP Liquor License, addition of beachfront Tiki Bar, take-out pizza kitchen, and a profitable partnership via a Marina Lease with jet-ski, kayak, and paddleboard rentals—the property is poised for increased profitability. This presents a unique opportunity for new ownership to capitalize on the resort’s established reputation while exploring untapped avenues for revenue and growth. Offering four types of guest rooms, the resort is well-positioned to cater to diverse guest preferences, ensuring a broad appeal.
• Efficiencies feature a fridge and microwave, with the option of 1 King bed or 2 Full beds.
• Junior Suites include a shared balcony, a fully equipped kitchen, and a seating area, with an option of 1 King bed or 2 Full beds.
• Suites provide a bedroom and living space, along with fully equipped kitchen, available with either 1 King bed or 2 Full beds.
• Family Suites are comprised of two separate bedrooms, a living room with a seating area, and a fully equipped kitchen with a full-sized
refrigerator. These suites are furnished with 1 King bed and 2 Full beds.


PROPERTY CONDITION:
The Tahitian Beach Resort recently completed an extensive remodel, both interior and exterior, presenting a significant growth opportunity for new owners. Key enhancements include the modernization of guest rooms with new furnishings, fixtures, and equipment (FF&E), stainless steel appliances, luxurious bathroom renovations, new PTAC units (all guest rooms), and upgraded high-speed Wi-Fi.
The exterior makeover of the Tahitian Beach Resort, marked by refreshed signage, sleek new stucco finishes, and an appealing paint update, significantly enhances curb appeal. Other notable improvements that will be advantageous to new owners include the replacement of 200 feet of bayside sea wall, installation of new electric panels, hurricane-rated windows, TPO roofing on flat surfaces, addition of 9 jet-ski dock slips, modern camera security system, and a revitalized bayside pool with new piping, pavers, and furnishings. Additional upgrades include new hot-water tanks, plumbing shutoffs, pumps, an irrigation system, updated landscaping, new walkway railings and pool fences, along with a refreshed parking lot with re-striping and resealing. With these comprehensive updates, the Tahitian Beach resort emerges as a turnkey, beachfront hospitality asset in one of the nation's most desirable market areas, presenting an exceptional acquisition opportunity for new ownership.


Property Highlights:
• TAHITIAN BEACH RESORT
• 70-Rooms / 2 Stories / Lot Size 1.56 Acres +/-
• 44 Beachfront Guestrooms / 26 Waterfront Guestrooms
• Beachfront Access & Intercoastal Access
• Renovated Marina / 9 Slip Jet-Ski Dock Slips
• 4COP Liquor License Transferable to New Ownership
• Recipient of Multi-Million Dollar Renovation
• Located in Tampa Bay MSA
• Upward Trend in Revenue / Occupancy
• Amenities Include - Marina Featuring 9 Jet-Ski Slips, 2 heated pools, Kayak & Paddleboard Rentals, Badminton, Billiards, Private Zen Garden, Outdoor Games, Fishing


Location Highlights:
• 1.1 Miles to John’s Pass Village
• 2.3 Miles to Madeira Beach
• 4.2 Miles to St. Pete Beach
• 7.8 Miles to Tropicana Field
• 8.9 Miles to Historic Downtown St. Petersburg
• 9.8 Salvador Dali Museum
• 11.7 Miles to Fort De Soto Park
• 14.3 Miles to Cleveland Street District Clearwater
• 16.3 Miles to St. Petersburg-Clearwater International Airport
• 16.9 Miles to Clearwater
• 19.1 Miles to BayCare Ball Park
• 26.3 Miles to Tampa International Airport


Financial Highlights:
• List Price of Market Bid
• T-12 February 2024 Gross Revenue - $2,255,122
• T-12 February 2024 NOI - $751,954
• T-12 February 2024 ADR / OCC / RevPAR - $216.67 / 39.04% / $84.59