Ocean Jewels Club Market Snapshot

Oceans Jewels Club

935 South Atlantic Ave., Daytona Beach, FL 32118

150-room oceanfront condo-hotel was built in the 70s. Operates under Travelodge flag. Three years ago the management company was sold. New management company is not enjoying high occupancy, and in a dwindling Daytona economy is affecting the performance of the resort.

Recently one of the buildings underwent the upgrading.

There are 2 Pools(1 heated) plus a Kiddie Pool. Fitness Center, Oceanfront BBQ Grill and Picnic Tables. Complimentary wireless access is available in the lobby.

This hotel does not rent to area locals. No pets policy. No RV/Trailer/Semi parking available.

Presently 39 units for sale from $49,900 for a studio with no vew to $179,500 for a one-bdr unit. The mere number of units for sale is indicative of slow performance. Especially if you notice that there were only 2 units sold since January 1, 2008. One for $39,000 for a studio and a one bdr unit for $85,000.