Travelodge
4760 S Cleveland Ave,
Fort Myers, FL 33907
 
$8,500,000
Offering Price
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$8,500,000
Offering Price
Investment Overview
The Hotel is a two-story, 126 guestroom hotel originally constructed in 1981. This Economy Hotel features a well-equipped fitness center, an outdoor pool, and a business center, It also features modern amenities all rooms. The hotel is performing extremely well and reaches an occupancy level above the 90% threshold with a healthy ADR of over $70 and a RevPAR of $64. Fort Myers is a tourism heavy market with a strong demand for leisure and corporate. This Fort Myers hotel is only minutes from the beaches to the west and I-75 to the East, as well as many popular area attractions and famous beaches. The Harborside Convention Center, top-rated golf courses and the historic downtown area are also easily accessible. This Investment can present an opportunity to any hotel investor to convert to an extended stay hotel which will cater to many guests looking for longer stays.
Investment Highlights
Wyndham Brand Affiliation 126 rooms Exterior Corridor TTM Occupancy at 90% + TTM ADR at $70 + Great Performing Asset Offered well below replacement Costs. Located in Beaches and Historic Downtown Great upside Potential Excellent location on Hwy 41
Excellent Location
Located in Beaches and Historic Downtown
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
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