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Plunge Beach Hotel
Lauderdale-By-The-Sea, fl
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Plunge Beach Hotel
Situated along South Florida's famous A1A in Lauderdale by the Sea, the 163-key Plunge Beach Hotel offers laid back, low-key retreat for beach lovers and bohemians in search of an edgy, off-the-radar getaway. HVMG created the branding for the hotel and developed 3 F&B outlet concepts.
2022 RevPAR up 66.5% since takeover to $151.38
2022 NOI up 196.7% since takeover to $4.88MM
2022 RPI Index up 49.4% since takeover to 93.1%
Awarded "Best Reinvention" by Fort Lauderdale Magazine
Backflip Beach Bar and Kitchen are featured as Hidden Gem Restaurants on Southflorida.com
HVMG Acquisition and Management Takeover
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Revenue
$12.6MM
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YE 2022 GOP Margin
52.0%
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Net Operating Income Increase
196.7%