The Plaza Resort & Spa established its first presence in Daytona Beach since 1888. It is Daytona Beach's oldest continuously operating beachfront luxury hotel, dating back to 1911. More recently, it had been operating as a luxury condo-hotel before it was closed for repairs due to damages caused by Hurricane Ian. The current building was built in 1969 and is currently going through a major overhaul renovation. Since acquisition in 2020, the owner has put in tremendous amount of money and resources to gut the whole building. The ARV could go well above $100m after its full completion. The owner is currently considering taking in up to $25m in the form of either debt or partial equity to continue the project but may also reluctantly part with this trophy project on an “as-is” basis at the right price. The hotel tower has 14 stories with interior corridors of 776,790 sqft. The building class is B with a parking ratio 0.26/1,000 sqft. The lot size is 5.29 acres. The APN is 5304-09-06-0010 and the zoning is BR-1, Business Retail, that covers most business uses. There are 323 large guestrooms of which 22 are suites with additional amenities and private balconies, providing stunning views of both Daytona Beach and the Atlantic Ocean. Two of these are honeymoon suites. There are also outdoor swimming pool, gym, spa, poolside bar, restaurants and coffee shops, covered garages, and plenty of convention and meeting space. Among the various renovation plans, the 3-acre plus banquet hall area may be totally separated from the main hotel building to build another stand-alone new condo tower.

Listing courtesy of INVESTORSALLY, LLC. 9493719139



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-07-12 06:42 AM EDT