BUSINESS HOTEL
GROSS: $1,653,684 NET: $584,731
PRICE: $6,800,000
84 OVERSIZED, INTERIOR CORRIDOR UNITS

This limited service, 6 year old property is located in Central Pinellas County on US Highway 19 (the major north-south commercial highway), flanked by an upscale steak house, and backed by a large family, sports bar/restaurant.

The hotel offers a 24 hour complimentary business center, executive board room, meeting room for up to 50 people, indoor spa, outdoor pool, fitness gym, guest laundry, valet parking, safety deposit boxes, and a 40 item complimentary continental breakfast. Room amenities include 25" color remote control TVs with premium channels, 2 line business phones w/ speaker & conference call capabilities, coldless phone, T-1 high speed access, iron & board, in room safe, hair dryer, coffee maker and many rooms have micro-fridges. Demand generators in the area include the Carillon Business Park, Gateway Center, and, most important, the new US Army Reserve and National Guard training facility, which opened new in 2004, 1 mile south of the property, on the same highway. This facility has no barracks or food facilities on site. Therefore, this property is fast becoming the "Host" hotel for the military facility. Ownership currently forecasts a contribution of up to $200,000 in Room Revenue from this source over the next 12 months.


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. #1203