CENTRAL
FLORIDA LODGE
Thru
June ’07 Gross: $1,835,222 Net: $702,100
Price:
$6,995,000
New
Roof
Lodge and conference center, located on US Highway 27,
Florida’s premier, (and, for all practical purposes, only) North/South
highway in the central part of the state. This highway is frequented by
businessmen, tourists, travelers, charter buses and truckers, who contribute
to year-round high traffic counts. Property sits on 5 acres, is two story,
exterior corridor of concrete block construction built in 1988. It has
an Olympic size swimming pool with a natural stone waterfall, pool side
Tiki bar, on site restaurant, on site lounge, lobby with breakfast area
offering free continental breakfast, guest laundry, full service conference
center and WiFi throughout.
Rooms have extensive recent upgrades, including 27"
color TVs, free satellite direct TV , internet connect phones, irons &
boards, coffee makers, top end Perfect Sleeper mattresses, hair dryers,
alarm radios and electronic door locks. Since January of 2006, over $1.1
million has been spent on capital expenditures, and the property looks
great. The conference center can accommodate up to 750 guests, largest
in the area with 25,000 square feet (+/-) of multi-use space, with all
the amenities of full service.
Room revenues have held steady at $2.0 mil + over
the past five years, denoting a very stable operating history, even though
ownership is absentee, and it is operated without the benefit of a professional
management company, nor an active sales department.
*Includes
Separate Out Parcel Listed For $595,000
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. #1213