3520 US highway 98, Lakeland, FL, 33809
$10,800,000
Price
$1,216,431
NOI
11.26%
Cap Rate
$101,887
Price Per Key
106
Total Rooms
3.89
RRM
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$10,800,000
Price
$1,216,431
NOI
11.26%
Cap Rate
$101,887
Price Per Key
106
Total Rooms
3.89
RRM
Investment Opportunity
The Comfort Inn & Suites is a 6 story interior corridor hotel consisting of 106 rooms, sitting on one and half acres with easy access to Interstate I-4. The hotel was totally renovated in 2010 and will require the new Rise & Shine package. The new PIP has been provided by Choice Hotels and is required upon transfer of ownership.. The property has an outdoor pool, a fitness center, and meeting rooms. The hotel is conveniently located off I-4, between Orlando and Tampa. Many attractions near and around the property include shopping malls, Restaurants, Industrial and commercial buildings. The hotel has historically experienced strong cash flow. The asset is offered at below replacement costs.
Investment Highlights
Strong Financial performance Excellent Location near Interstate I-4. Proximity to major demand Generators Significant Future Investments in the area Offered Well Below Replacement Costs Fee Simple Interest Offered Unencumbered by Management and debt
Location Highlights
Interstate I-4 Location Lakeland Air Show Publix Headquarters Tampa & Orlando within 30 minutes Golf Courses nearby
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
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