Clarion Inn & Suites Orlando Resort

5829 Grand National Drive,
Orlando, FL 32819

 

$26,000,000
Offering Price
$2,693,873
NOI
10.36%
Cap Rate
5.78
RRM
192
Total Rooms
$135,417
Price Per Key
$26,000,000
Offering Price
$2,693,873
NOI
10.36%
Cap Rate
5.78
RRM
192
Total Rooms
$135,417
Price Per Key

Investment Overview

  • The Clarion Inn & Suites is a full service exterior corridor 2 story hotel Featuring 192 well appointed guestrooms and suites. The hotel was recently renovated and all rooms have upgraded furniture and amenities. The hotel is ideally suited for leisure and business guests. Each guestroom offers the latest in room amenities with high speed internet, flat screen TVs, a work desk and 2 person sleeping sofa, mini fridge and coffee machin. The hotel also offers a large outdoor rooftop swimming pool, a business center, and a fitness center. In addition, the hotel offers multiple meeting rooms, 2 on site restaurants with full liquor bars in main lobby.
  • The Asset: Clarion Inn & Suites benefits from its ideal location across from Orlando Inernational Mall.It is also near major restaurants and shopping malls. it's immediate proximity to Universal Studios and the Convention Center allows it to position itself to cater to business and leisure travelers. This asset will be a great addition to one‘s portfolio given the national brand recognition and the potential business opportunity in the immediate market

Investment Highlights

  • Guest Rooms: The Clarion Inn & Suites contains large suites which feature separate bedrooms and living areas, and the convenient wet bar with microwave and mini-fridge provides the perfect snack station. Additional Amenities: The hotel offers 24 access to the fitness center, as well as the business center which is located on the main floor. in addition, there's an outdoor pool for guests' convenience, and a meeting room.
  • Universal Theme Park: The hotel has a strategic partnership with Universal Studios Theme Park whuch allows it to provide tickets to its guests and other discounts to the park. In addition, the hotel offers free shuttle service to Universal Studios.
  • Dining: The Clarion Inn & Suites offers free continental breakfast to its guests. The hotel offers lunch and dinner in its onsite restaurant.Pool bar and lounge is also availble to guests. For offsite dining, there are a multitude of choices when it comes to dining. American and international food are just a walking distance from the hotel. there are a few chain restaurants and fast food within walking distance by International drive Outlet Mall.

Investment Consideration

  • Unencumbered by Management: The Clarion Inn & Suites Hotel is being offered unencumbered by current management, and debt.
  • Franchise License: The Hotel is franchised with Choice hotels International. The company, which is one of the largest hotel chains in the world, owns several hotel brands ranging from upscale to economy. As of June 30, 2020, Choice Hotels franchised 7,118 properties in 41 countries and territories worldwide, with approximately 597,018 rooms, in addition to 1,035 hotels under construction with 85,129.
  • Property Improvement Plan (PIP): Upon change of ownership, it is anticipated that Choice Hotels will require the new owner to complete a minimal change of ownership PIP. This PIP will require certain improvements, upgrades to the hotel as a condition of the issuance of a new franchise. The Buyer will be responsible for all repairs and renovations needed to satisfy these requirements.

Property Location

  • Excellent Location Across from Universal Studios Within walking distance to Orlando International Premium Outlet. walking distance to Restaurants and shops Minutes to the convention center International Drive within walking distance Across street from the Wet & Wild Minutes to Sea World Minutes to Disney world 20 min to Orlando International Airport
  • The Clarion Inn & Suites is located on major Blvd, with close proximity to Universal Studios and the outlet Mall. The hotel has the distinct advantage of being located immediately in the heart of the business and leisure districts. Sea World and Universal theme parks are within minutes from the hotel, while major shopping and outlet malls are also within a walking distance from the property. Orlando International Airport is only 20 minutes from the hotel, while Downtown Orlando is a few miles north of the property.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com