Interstate Hotel
Gross: $1,720,893 Net: $263,368
Price: $5,500,000
120+ Rooms

Located on an exit of I-4 in Central Florida, between Tampa and Orlando, this property has a lush and exquisitely landscaped tropical courtyard, containing an oversized pool (25’ x 50’). The property sits on 3.58 (+/-) acres of land, with good visibility from the interstate.

Property hosts an even mix of guests – 1/3 leisure travelers, 1/3 business and 1/3 corporate. There are 5 meeting rooms and banquet space for groups up to 300. Its close proximity to Disney World, Busch Gardens, Sea World and numerous other Central Florida attractions make it a headquarters for the tourist.

There are 5 buildings, 4 of which contain guest rooms. The fifth contains a restaurant which seats 150 and an 80 seat lounge, along with the lobby, executive offices and meeting rooms. Roofs feature a torch down roofing system that is only a year old, and has a 20 year warranty on the main building, and 12 years on the room buildings. Because of the roofs’ reflectivity, cooling is now a much easier process. Parking is for 146 cars, and, at over 3 and a half acres, there is room for expansion. Property will be delivered free of leases, except for the copy machine. All rooms will have new furniture and bedding as of December, 2007. (Note: Adjacent land is on the market at $1,000,000 per acre.)

Good Condition in a Vibrant Market!

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 Sellers Agent and is believed to be accurate, but is not warranted by the Broker. #1217