Block Party Hotels – Dewey Beach, Delaware

DEAL FEATURES

• 108 guest rooms across two neighboring hotel assets with strong and established in-place flow
• Ocean-Block location along Coastal Highway within walking distance of the Atlantic Ocean and Rehoboth Bay
• 1.4 Acres of prime commercial real estate in Dewey Beach’s “Resort Business District – 2” Zoning.
• The attached cafe, The Coffee Mill, is currently producing $33,000 in lease income annually
• No New Competition – Hotel Development Moratorium in Dewey Beach prevents the addition of new room supply in the market
• The Delaware Beaches, known as the “Nation’s Summer Capital” are within 2-3 hours’ drive of Washington, D.C., Baltimore, Philadelphia, and New York City. Dewey Beach, nestled between the Atlantic Ocean and Rehoboth Bay, is a long established coastal tourism destination drawing millions of visitors annually.

BUILDING OVERVIEW

• 3 Stories, 2 Exterior Corridor Buildings
• Cinder Block Construction
• Beach House Dewey – Flat, Built-Up Roof
• Atlantic Oceanside Dewey – Pitched Roof with Asphalt Shingles
• Parking Lot – 1 space per room

PROPERTY HIGHLIGHTS

• 108 Guest Rooms
• Built in 1986
• Coffee Shop
• Wireless Internet
• 2 Outdoor Pools
• Outdoor Workout Zone
• Sundeck and Gazebo
• Pet Friendly