Central Florida is a very special place, with Highway
27, the main and only North/South commercial highway, sitting atop the
backbone of the state, offering views and vistas that are charming and
reminiscent of Old Florida. In the Lake Wales area, this highway is 4 lane,
with a wide central grassy median, hosting 55,000 – 58,000 cars per day.
It is the preferred (perhaps only) route in Central Florida for tourists,
business travelers, truckers and tour buses.
This property fronts on Highway 27, sitting on 9 acres
(+/-), with beautiful lakefront views and scenes. Because of the large
acreage, the property boasts many amenities not found in similar sized
hotels, including tennis courts, a large heated pool, a fitness center,
a lakefront beach area and boat dock, as well as extensive parking for
semi-trailer trucks.
In 1998, the buildings were razed to the bare walls
and floors, and refinished with all new knockdown wall treatment, new paint,
carpet, light fixtures, 25" color TVs, air conditioning units, case goods
and new roofs. The lobby/reception area and meeting room building were
gutted, remodeled, and reroofed, and a guest laundry was added.
Since opening in 1998, room revenues have remained
constant at the $700,000 dollar level. Should a new owner elect to franchise
the property, it is easily conceivable that Room Gross could reach the
$1,000,000 level. The property’s location and quality would allow the new
owner a choice of many franchises.
This is a down-to-earth operation in a beautiful natural
setting with all major renovations complete, and plenty of unrealized upside
potential. Don’t miss this opportunity to own a lakefront resort in the
heart of Old Florida.
