The Ponce St. Augustine Hotel 1111 N Ponce De Leon Blvd

OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale The Ponce St. Augustine Hotel. Centrally located in the heart of St. Augustine, Florida, this charming property embodies the essence of what a boutique hotel should be, with design elements that mirror the historic aesthetics of downtown St. Augustine. Strategically positioned on Ponce de Leon Boulevard/Route 1, which boasts an impressive 37,000 AADT (Annual Average Daily Traffic), the property location offers exceptional visibility and accessibility. The 84-room hotel’s prime positioning places it less than a mile from many of St. Augustine’s most popular attractions, making it an ideal destination for tourists and business travelers alike. This unique hospitality asset provides a rare opportunity for investors to acquire a property that seamlessly blends modern amenities with historic charm, catering to the growing demand for boutique accommodations in one of Florida’s most beloved destinations.


PROPERTY OVERVIEW:
Built in 1988, the two-story exterior corridor property remains in good condition compliments of an ongoing capital improvement plan. Over the past two years, ownership has applied extensive renovation efforts to the lobby, breakfast area, and guest rooms which have helped solidify The Ponce Hotel’s reputation as a standout boutique destination in St. Augustine’s vibrant hospitality market.


MARKET OVERVIEW:
St. Augustine, Florida, is a dynamic, high-growth market with robust tourist traffic and diverse demand generators. The town is a highly walkable tourist destination, making the hotel’s location especially valuable. Guests can easily explore local attractions, shops, and dining options on foot, enhancing their overall experience and adding to the property’s appeal. The Ponce Hotel is ideally situated to attract a wide range of guests, including leisure and business travelers, history enthusiasts, family vacationers, healthcare professionals, Flagler College visitors, Daytona 500 race fans, and group events. The area’s rich history, coupled with its modern attractions, ensures a steady influx of visitors year-round. This offering presents a unique opportunity for an investor to acquire a reputable boutique hotel in a highly desirable market, capitalizing on St. Augustine’s enduring appeal and diverse guest base.



ST. AUGUSTINE:
St. Augustine is a city in and the county seat of St. Johns County, located 40 miles south of downtown Jacksonville and is included in the Jacksonville MSA. St. Augustine, founded in 1565 by Spanish explorer Pedro Menéndez de Avilés, is the oldest continuously inhabited European-established settlement in the continental United States. This historic city attracts over 6 million visitors annually, drawn to its rich cultural heritage and well-preserved architecture. Key attractions include the Castillo de San Marcos, a 17th-century Spanish fort; the Fountain of Youth Archaeological Park; and the scenic St. George Street, known for its colonial-era buildings and vibrant atmosphere. The St. Augustine Lighthouse & Maritime Museum offers breathtaking views and engaging exhibits. The city also features beautiful beaches, charming bed-and-breakfasts, and a variety of shops and restaurants. Major employers in St. Augustine include Flagler College, the Florida School for the Deaf and the Blind, and the St. Johns County School District, all of which play a significant role in the local economy. St. Augustine remains a beloved destination for history enthusiasts and tourists alike, offering a unique blend of historic charm and modern amenities.


Property Highlights:
• The Ponce St. Augustine Hotel - Independent Boutique Hotel
• 84-Rooms / 2 Stories / Exterior Corridor
• Year Built - 1988
• Recently Renovated
• High Barrier to Entry Market
• Amenities Include: Outdoor Pool, On-Site Restaurant, Business Center, Mini Gift Shop, Guest Laundry, Small Pet Accommodations



Location Highlights:
• 0.5 Miles to Old Jail Museum
• 0.6 Miles to Fountain of Youth Archaeological Park
• 0.7 Miles to Ripley’s Believe It Or Not! Museum
• 0.8 Miles to Castillo de San Marco National Monument
• 1.2 Miles to Flagler College
• 1.5 Miles to Lightner Museum
• 1.8 Miles to St. George Street
• 3.3 Miles to St. Augustine Lighthouse and Maritime Museum
• 3.9 Miles to Vilano Beach
• 5.8 Miles to St. Augustine Beach
• 7.0 Miles to St. Augustine Premium Outlets
• 38.7 Miles to Jacksonville
• 56 Miles to Daytona International Speedway



Financial Highlights:
• Market Bid
• T-12 June 2024 NOI: $825,487 NOI
• T-12 June 2024 Room Revenue: $2,156,843 T-12 June 2024 Room Revenue
• T-12 June 2024 ADR/RevPAR/OCC: $114.77 ADR / $70.58 RevPAR / 61.50% OCC