$20,000,000 plus 3% premium for the Florida Orlando Davenport Unbranded Hotel Development Opportunity.  CENTRALLY LOCATED NEAR RESTAURANTS, ENTERTAINMENT, SHOPPING, AND MAJOR INTERSECTIONS IN A TOURIST AND VERY BUSY AREA.  *Presenting* ORLANDO SUITES HOTEL.  HOTEL VALUE-ADD INVESTMENT & DEVELOPMENT OPPORTUNITY.  The Property is being Sold AS-IS & Not Revenue Based.  Purchase Price: $20M.  Includes a 4.5 Acre vacant lot on the property to expand to double the hotel rooms or more, or develop residential short-term rentals, or develop another business, ie, self-storage, car rental expansion, commercial business, restaurant, etc.  The Suites Hotel is off Interstate 4
and US 27 Highway.  The hotel is not fully operational at this time.  Only 70 of the 150 rooms are currently being rented.  Income for the past few months with just 70 rooms open: $1.5M.  NOI at this time is only $600K.  Non-Union, Non-Flagged.  In 2023, market research was conducted, and a spreadsheet was created and attached to demonstrate the hotel's potential. Today, those numbers would be even better.
MARKET RESEARCH SPREADSHEET CAN BE PROVIDED UPON REQUEST.  The Hotel comprises 150 Exterior Corridor Guest Rooms on three stories.
Built on a 3.6-acre lot with an adjacent 4.5-acre lot.  It has a Spacious Guest Lobby & Reception Lounge, a Vacant Restaurant with a Kitchen, a Meeting Room, and an Auto Rental Business Center.  Built in 1970.  The Hotel is located close to all major highways and commercial business centers.  Conveniently located with easy access to downtown Davenport, Champions Gate, and Reunion.  Close to Medical Centers, Shopping
Centers, Restaurants, Golf Courses. It's approximately 30 minutes to Downtown Orlando and Tampa.  Short drive to Disney World, Universal Studios, Sea World, and other famous Attractions, Orlando International Airport, and Tampa International Airport.  Buyer has to provide Letter of Intent for acceptance by Seller.  The Seller will provide all related documents upon execution of the purchase and sale agreement.
Agreement for the buyer to proceed with the inspection of the related documents and the Property during the due diligence period, which will be specified in the terms of the Purchase and Sale Agreement.  Please “do not disturb the employees” and call The Saleh Group for more information and showings, or visit us online.