INTERSTATE HOTEL

Gross: $636,597 Net: $133,363

Price: $3,200,000

62 Units

Located at an excellent I-4 interchange, this property offers 62 interior corridor units, which came on line as of April, 1998. Because it was so recently built, the property offers all of the current limited service amenities, including complimentary breakfast area, modern lobby, heated pool, hot tub and a large Porto Cochere, along with excellent visibility from I-4. There are three restaurants directly adjacent to the hotel (Popeye Chicken, Burger King and Denny’s). The property is located just minutes from the International Softball Federation’s World Headquarters, where tournaments are held in the area on a regular basis.

There are 41 rooms with double queens, 7 king rooms, 4 ADA compliant rooms, and 9 efficiency/suites. 1 room is currently used as storage. The current owners are located out of state. Their present holdings are largely concentrated in the Midwest and Great Plains regions, and they would like to sell this asset and concentrate their efforts on their Midwest holdings. This is a solid opportunity for a hands-on operator to acquire a newly built, limited service product, located in a fast growing region, the I-4 Beltway.

NEW, CLEAN, MODERN

FLORIDA RESORT GROUP, INC.

PHONE (727) 524-0066/frg@gate.net/www.frgi.com

Broker is an agent of and paid by the Seller. This document does not constitute or imply an offer of sub-agency to any other Broker. All information is obtained from Seller or Seller’s Agent and is believed to be accurate, but is not warranted by the Broker. #1141.