Brandon Center Hotel
10110 Horace Ave,
Tampa, FL 33619
 
$9,200,000
Offering Price
$572,706
NOI
6.23%
Cap Rate
5.61
RRM
80
Total Rooms
$115,000
Price Per Key
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$9,200,000
Offering Price
$572,706
NOI
6.23%
Cap Rate
5.61
RRM
80
Total Rooms
$115,000
Price Per Key
Investment Summary
The Brandon Center Hotel is an interior corridor hotel formerly a Hampton Inn brand located in Tampa near major Malls, Business parks and with easy access to Interstate 75. The hotel consists of 80 rooms with a large breakfast area in the main lobby. Other amenities include a large outdoor swimming pool, a Fitness center and on site business center.
Investment Highlights
The property is a prime opportunity for a conversion to Midscale to an upper-midscale brand. The property has been approved for a conversion to a Spark Hotel by Hilton . The brand will require a renovation plan, which may include change of furniture, bedding, window treatment, carpeting, as well as exterior painting and new landscaping. The property under a new Best Brand will eventually reach the market Occupancy and ADR levels which are currently in the mid 75% occupancy and above $110 in ADR.
Franchise Affiliation The current ownership has an agreement to convert the property to the new Hilton Spark brand.Spark by Hilton provides a simple, reliable and comfortable stay for every guest, ??all at an accessible price. For developers, Spark by Hilton leverages an innovative conversion model to offer a compelling investment option for owners. Spark by Hilton builds on Hilton’s continued work evaluating the market to develop new brands to meet the evolving needs of guests and owners and provide a hotel for every traveler for every stay. Over the last 15 years, Hilton has more than doubled its brand portfolio and number of rooms around the world organically, creating a diverse, yet complementary range of brands across categories.
As part of the Hilton family of brands, ?guests will feel welcome and confident in their stay from the moment they walk through the door. Warm and inviting hotel team members with attention to detail will provide happy and helpful service. And, guests will be empowered with the tools needed to make the most of their stay, such as 24-hour digital check-in and Digital Key. ? Unexpected Touches: Spark by Hilton will help add value to the guest experience by offering a simple, complimentary breakfast, featuring premium coffee, juice and a signature bagel bar with spreads, so guests can fuel up before hitting the road. The brand will also offer a 24-hour retail market for on-the-go travelers. Consistent Quality: To ensure the goal of a consistent, quality guest experience, each hotel will be required to complete a full renovation, encompassing all guest-facing areas of the hotel, prior to joining Spark by Hilton and the Hilton family.
Spark by Hilton will offer simple, inspired design with splashes of color and cheer that bring the outdoors in. Each hotel will provide a welcoming sense of arrival with colorful exterior statement walls and energizing artwork. The public space will feature multi-functional seating from communal tables to rocking chairs, offering plenty of options for guests to enjoy breakfast, socialize or work throughout the day. Guest rooms will be comfortable and relaxing so travelers can unwind and recharge for whatever comes next. Focusing on practical amenities, the simple, streamlined furniture will include an open closet, in-room refrigerator, multi-purpose work surface and bright bathroom. https://stories.hilton.com/releases/spark-by-hilton-announced
Location overview
The hotel is situated on Interstate 75. within a few miles from the shopping Mall, Business parks and the Fairground. The Hard Rock Casino is only a few minutes from the hotel as well.
The hotel is located in a neighborhood with a mix of commercial, industrial and business parks, in addition to leisure and education. The neighborhood is characterized by numerous business parks at the intersection of I-75. Some businesses in the area include Coca Cola, Medco health, Citigroup, Aramark, and Southern Technical College. To the north of the site, we have the State fairgrounds which holds music concerts, conventions, boat shows, etc.. the Hard Rock casino is also located to the north of the proposed subject site. To the south Tournament Sportsplex of Tampa Bay is considered one of the major youth soccer complexes in Tampa area, tournaments are held weekly at the site.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
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