Hawaiian Inn Beach Resort
2301 S Atlantic Avenue
Daytona Beach, FL 32118
- YEAR BUILT …1965
- STOREYS …5
- INCOME SPLIT… depends on the type of rental program
Hawaiian Inn has efficiencies, one-bedroom or two-bedroom suites, most with private oceanfront balconies overlooking the Atlantic Ocean.
Hawaiian Inn opened in 1965 as a 4-story Hotel. In 1974 they added 5th floor.
· Renovated and converted to condo-hotel in 1999
· Rooms have fully equipped kitchenettes, coffeemakers, color TVs with free HBO, and private balconies. Oceanfront pool deck with Olympic size pool, indoor heated pool, kiddie pool, and shaded hammocks. Miniature golf and shuffleboard. Tiki Tiki Coffee Shop or the South Seas Poolside Bar & Grill. For an unforgettable experience, don’t miss Daytona’s only dinner show in Green Turtle Restaurant.
Even though they always had higher maintenance and were trying to avoid Special Assessment, you can’t outrun time, and by 2007 the need to do more than just preventive maintenance became obvious. The most expensive work for any condo-hotel or condo is concrete restoration.
This renovation could not come at a worse time. Owners struggled with maintenance and thousands of dollars extra in Special Assessments was very difficult to say the least.
Many owners defaulted and prices plunged to mid $10s. The lowest paid price was $15K, and there were several more for under $20K. At times it felt like they will not be able to pull it off, but like there is sun after a long dark night, they weathered all the adversity and came out stronger.
And, of course, prices are nowhere near those $15K or $18K.