May-Dee Suites in West Hollywood, FL is a unique opportunity for acquisition in a market that is highly underserved overall. May-Dee Suites is in the western half of Hollywood and is a perfect extended stay option for anyone looking for a centrally located stay with kitchens in every unit. Whether for leisure or business, May Dee Suites provides the "mom and pop" high level of service you would expect from a well maintained hospitality property with limited competition. A common theme of the exceptional reviews of the hotel is the customers feeling of space. Outside of the 4 rooms, every other unit has a true bedroom and kitchen. Since acquisition, the current owners have gone to great effort and expense to completely renovate and stabilize this unique well located asset. There is on site management in place now making management light. There is also an option to operate as a traditional multifamily should the new owners choose that option. May-Dee Suites has seen over $765,000.00 in renovations and upgrades. For a full list of the renovation schedule please reach out to us and we will provide. Major capital expenditures include but are not limited to all new electrical service, security cameras, commercial laundry replacements, coin laundry replacements, twenty new impact windows, fire alarm systems, new Wi-Fi network, pool heater, refurbished pool/deck, new wall/mini split air conditioners through out, signage, landscaping, lighting, 40-Year Inspection and much more. Beyond major systems replacement, many interior upgrades are also part of the May-Dee Suites renovation story. Interior renovations include but are not limited to new furniture/furnishings, popcorn removal, extensive plumbing upgrades, new baseboards/crown molding, new kitchens in many, new granite tops, new bathroom vanities, new tile flooring/baths, extensive glass work, new blinds, new furniture/furnishings, interior/exterior painting, and more. The subject property has carried full staff through the pandemic and the last few months have seen an incredible uptick in revenue. Historical numbers listed here inside of the OM are true and are representative of the upside in the opportunity as travel and leisure come roaring back for the American household and business person alike. Immediate area amenities including golfing, the Hollywood Hard Rock Casino, and the Hard Rock stadium. May-Dee Suites as an extended stay is highly desirable and commands top dollar for major sporting events like Miami Dolphin home games, Super Bowls, University of Miami home games, NCAA Football Championships/Orange Bowl, International Soccer events, International Car Racing, International Tennis events, Concerts and so much more.
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