This hotel is a beautiful, very well maintained interior corridor hotel, on an interstate exit along Florida’s busy gulf coast. Over $400,000 of capital expenditure has been invested in the past 2 years to bring the property to its present state of prime condition.
Golfing for guests is less than 2 miles away, beaches
less than 3 miles away, and one of the United States’ largest retirement
communities is about 2 miles away. There is no interior corridor competition
in the area.
deluxe breakfast bar, large, well appointed guest
rooms, the latest bedding, 27" color televisions, large tinted windows,
key card door locks and an inviting, tasteful lobby. Additionally, there
is a third floor manager’s apartment, consisting of 2 nicely appointed
rooms, joined together, for living on the premises.
Across the street, a 1,000 acre corporate park has been planned and permitted. The park is slated to have 450 single family homes, 150,000 sq. ft. of commercial space, 50,000 sq. ft. of office space and about 3,000,000 sq. ft. of light industrial space.
The hotel sits on a carved out portion of a larger lot, with the balance of the land available for $825,000. This extra parcel is zoned for a 54 unit hotel plus a 2000 sq. ft. stand alone restaurant, and Best Western and Hampton have expressed an interest in their flag being present. Moreover, there is a contractor standing by, prepared to build the new hotel building, in CBS, turnkey excepting FF&E, for less than $50 K per room. With two strong flags flying at the property, it is envisioned that room sales will exceed $2.2 million a year.
