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a walkway with palm trees and a body of water in the background

Plunge Beach Hotel

Lauderdale-By-The-Sea, fl

a pool with lounge chairs and umbrellas by a beach

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%