1909 S Atlantic Avenue
Daytona Beach Shores, FL 32118
- YEAR BUILT …1973
- STOREYS …9
- INCOME SPLIT… 50% to owners
Oceanside Inn Resort
Oceanside Inn is a premier condo-hotel in Daytona Beach Shores. It is a property of great potential, but so far not realized. Resort is a fancy name, it is just a condo-hotel.
There are 121 condo-hotel units with 191 guest rooms. Some units consist of 2 and a few consist of 3 rooms. The resort can rent all 191 rooms separately. Original building came up in 1973 as a hotel. In 2003-2004 it was converted into a condo-hotel, underwent remodeling and started its second life.
SunStream, the company, that used to own and run the Front Desk, I believe from 2010, sold their 2 commercial units and the exclusive right to do short-term rentals, to the Condo Association in 2019, which is the blessing and the curse. Unfortunately so far it looks more like a curse… The purchase created a for-profit side for the Association, but the Resort is still struggling with the profit part. Mostly this happened due to poor leadership at the Board level.
This is not the only Condo-Hotel that owns the management side. The difficulty here is that the Association and the Board members often times have no experience and/or knowledge in running a profitable Hotel, and condo-hotels have difficult time finding good managers due to “too many bosses” situation.
That adversely affects Condo-Hotel’s ability to attract top managers. Plus, there is no control over performance, as the manager is the one who sets it for her/himself. Very different from corporate or Franchise structure with well knows performance benchmarks.
About the Resort
The resort has inside corridor system, which is usually considered to be beneficial. It is a 9-story condominium with 191 rooms, from studios to triple units. The majority of units are double units. Double and triple units you can only buy and sell together, but rooms can be rented separately.
All units in the resort offer a decent view of the ocean.
Double units are two side-by-side hotel rooms with connecting doors. However, both rooms have entry door from the hallway. Each room with its own bathroom. Triple unit consists of 3 studios with connecting doors.
One has a kitchenette with a counter, cabinets, sink, under counter fridge, microwave and coffeemaker… The other does not have a kitchenette but all owners put here small fridge, microwave and coffee- maker. In Triple units only the central unit has a kitchenette.
Heated (currently the heaters do not work) oceanfront pool, wading pool for kids, conference room which is not operational now because of the remodeling, small exercise room, breakfast area and Tiki Bar. One of the highest if not the highest Association dues for condo-hotels in the area. Practically, besides the oceanfront pool, no other amenities are working. The reason – the remodeling, but little to nothing is done buy the Board in the last 3 years.Hopefully, with the new Board taking over in October 2022, things will change.
The Board of Directors
The Board is composed of 3 Board Members. 2020, 2021 and 2022 were very poorly managed, however, the culprit – President Grady Meeks, is finally out of the property, and there is hope that the new Board will be able to fix all the damage caused by authoritarian rule of the previous President. However, since this mediocre former President is gone, there is hope that the new Board will move in the right direction and would create the conditions for this property to realize its potential and become the top notch condo-hotel in Daytona Beach Shores.
No pets policy even though I see quite a few guests and owners bringing their dogs.
Rentals by Owners
Owners are only allowed to rent on their own if the guest stays 3 months or more. It is expected that the new Board together with the owners would change rental policies to benefit the owners
Properties for Sale in Oceanside Inn
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