Property Name

DoubleTree Deerfield Beach

Location

Boca Raton, FL

Investment Summary

The DoubleTree Deerfield Beach-Boca Raton has benefited from over $15 million ($68k/key) in capital improvements since 2015. DoveHill plans to spend additional capital to enhance the property with a focus on the public areas and include the addition of a new bar adjacent to the upgraded pool.

The hotel is extremely well-positioned to take full advantage of South Florida's economic resilience and its strong base demand drivers. Ten minutes from the Atlantic Ocean, adjacent to the I-95, and 25 minutes away from the Fort Lauderdale and Palm Beach International airports, the DoubleTree offers convenient access to both corporate and leisure demand.

In addition to the immediate operational upside, DoveHill will also explore future development opportunities on vacant portions of the expansive 6.2-acre site.