This wonderful combination of amenities has successfully driven this 49 unit hotel to enjoy 83.6% Occupancy with an outstanding Rev PAR of $67.76. Further, the popularity of the Tiki Bar has contributed an astounding $425,000+ to the bottom line in the last 12 months. Additionally, the resort boasts a leased out, 60+ seat restaurant that contributes $45,000 to the NOI each year, guest laundry, health club, regulation swimming pool, extensive pool decking, decorative concrete walkways and a lot of lush landscaping.

Currently, Seller is installing all new room carpeting, all new soft goods, replacing bathroom doors and repainting all rooms. The lobby is also enjoying a complete face lift to bring it up to brand standards. So, the new owner will have fresh rooms and lobby.

A jewel of a resort at a 17.5 cap!

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. #1202