The Cushman & Wakefield Hotel Group has been retained to offer for sale the fee simple interest in the 77-room Villa 1565 located in Saint Augustine, Florida. The property is a fully-renovated, boutique hotel located directly off of San Marco Avenue, one of the main thoroughfares that passes through Saint Augustine. The property also presents a variety of opportunities in growing ancillary revenue by implementing a "resort fee" or charging for parking, like many other hotels in the area. A buyer also has the option to increase the room count through converting staff rooms and amenities, and it has the option to either continue operating as a boutique brand or a franchise. The Villa 1565 offers investors the opportunity to acquire a 77-room property in a highly desirable and growing market with exposure to multiple value-add opportunities.
