TWO FLAG PROPERTY
GROSS: $5,513,179 NET: $1,018,193
PRICE: $10,900,000
280 ROOMS/CONFERENCE CENTER Located at a prime exit of west Florida’s I-75 in a booming college town in Central Florida. Property consists of a 5 building, 160 unit upper campus hotel, complete with a conference center of 10,000 sq. ft. containing 7 meeting rooms with seating for up to 500, junior olympic size pool, fitness center, guest laundry, 130 seat restaurant and a 58 seat lounge which becomes a comedy club on weekends.
The lower campus contains 120 rooms in an L shaped, 3 building complex with porto cochere, lobby, breakfast area, junior sized olympic pool and house laundry area. Parking on the 8.4 (+/-) acre site is for 323 vehicles, divided between the two hotels.
Primary business generators are the university, Florida’s largest, with over 15,000 employees; the interstate which carries 96,000 cars per day in peak season; the medical and insurance industries, which are very strong in the area; and the conference center which drives occupancy and ADR. Conference center at less than $40K per key!
2.6 x room revenue.

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. #1196