OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Palm Cove Motel, located in Clearwater Florida. The 13-room exterior corridor boutique motel located directly off of Gulf to Bay Blvd/State Road 60 (55,500 AADT) with high visibility, and has potential to expand by 11 additional keys. The subject property is approximately 1 mile from BayCare Ball Park, home to the Philadelphia Phillies Spring Training games, just over 4 miles to downtown Clearwater’s Cleveland District, and in close proximity to two major airports. PROPERTY OVERVIEW: The Palm Cove Motel is a fully renovated boutique property in the heart of Clearwater, FL, offering a turn-key investment opportunity with 13 guest rooms and the potential to add an additional 11 keys on site. Extensively upgraded in 2023 and officially reopened early 2024, the property is positioned for strong cash flow in one of Florida’s premier hospitality markets. The current owners have invested approximately $625,786+/- in renovations, making the property fully turn-key while offering significant upside potential for the next investor’s success. Recent renovations include: New Electrical Panel and Wiring New Paint New Flooring Re-Pipe Water Lines New Tile Game Room Conversion New Washer and Dryers Architectural Drawings AC Replacement TechSav Security System New Furniture Pool Repairs Foundation Repair New Windows and Doors MARKET OVERVIEW: Clearwater, FL, is a prime hospitality market, benefiting from its world-renowned beaches, strong year-round tourism, and proximity to major economic hubs like Tampa and St. Petersburg. The area’s combination of leisure, business, and event-driven travel makes it an attractive location for hotel investments. Clearwater Beach consistently ranks among the top beaches in the U.S. and attracts over 6 million visitors annually. The area is popular with domestic and international tourists seeking Florida’s warm climate, outdoor activities, and waterfront experiences. Additionally, Clearwater hosts Major League Baseball Spring Training, with the Philadelphia Phillies’ BayCare Ballpark drawing thousands of visitors. Other attractions include the nearby Port Tampa Bay, the Clearwater Beach Super Boat National Championship, Mardi Gras Clearwater, and the annual Clearwater Jazz Holiday music festival. While Clearwater is primarily leisure-driven, its proximity to Tampa Bay makes it a secondary hub for corporate travelers in the finance, healthcare, and tech industries. The city is home to companies like Tech Data and Honeywell Aerospace, which contribute to demand. Property Highlights: ~The Palm Cove Motel ~13-Rooms | 1 Story | Exterior Corridor ~Year Built - 1952/1962 ~Located in a High Growth Market ~Upward Trend in Revenue ~Recently Renovated ~Close to Several Major Demand Generators ~Amenities Include: Game Room, Laundry Location Highlights: ~1.1 Miles to BayCare Ball Park (Home to Philadelphia Phillies Spring Training) ~4.1 Miles to Cleveland Street District, Downtown Clearwater ~6.3 Miles to Clearwater Beach ~6.3 Miles to St. Petersburg-Clearwater International Airport ~13.7 Miles to Tampa International Airport ~15.2 Miles to Tropicana Field ~17.7 Miles to St. Petersburg ~18.0 Miles to University of Tampa ~19.3 Miles from Ybor City ~21.9 Miles to Port of Tampa Financial Highlights: ~List Price of $3,250,000 ~NOI Margin: 50.56% ~T12 February 2025 Gross Revenues of $455,895 ~T12 February 2025 Room Revenue of 332,835 | Other Revenues of $123,060 ~T12 February 2025 ADR/RevPAR/OCC: $96.22 ADR / $70.14 RevPAR / 72.90% OCC