108 Royal Palm Ave - Hospitality FOR SALE


Clewiston, FL 33440
$4,100,000 USD
786-772-0718
108 Royal Palm Ave, Clewiston, FL for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

108 Royal Palm Ave
Clewiston, FL 33440


HIGHLIGHTS

  • Attractive Going-In Yield | The property is offered at a 9.73% cap rate based on 2025 financial performance.
  • Bar & Banquet Facilities | The property holds a 7COP liquor license and features a full-service bar and banquet space.
  • Additional Apartment Units | In addition to 52 licensed guestrooms, the property includes eight weekly-rental apartments.
  • Corporate Agribusiness | Located nearby the global headquarters of U.S. Sugar Corporation and the U.S. Sugar Mill.

OVERVIEW

Kabani Hotel Group, as exclusive advisor to the seller, presents the Americas Best Value Inn Historic Clewiston Inn, a 52-room, Sonesta-affiliated hotel in Clewiston, Florida. Built in 1939, the two-story masonry property occupies 1.48 acres and includes eight apartment-style units with weekly rental potential, bringing total unit count to 60, with an on-site manager's apartment suited to owner-operator ownership. The property fronts US Route 27, a regional corridor carrying approximately 24,500 vehicles per day. Corporate and institutional demand is anchored by the global headquarters of U.S. Sugar Corporation (0.1 miles), the nation's largest vertically integrated sugarcane operation, along with the U.S. Sugar Mill (1.5 miles), Hendry Regional Medical Center (0.6 miles), and the U.S. Army Corps of Engineers (1.2 miles). Leisure demand is supported by Lake Okeechobee, less than one mile away, and Roland Martin's Marina & Resort (1.1 miles), a hub for the region's sportfishing economy that generates over $1.5 million in direct annual economic impact. A 7COP liquor license, full-service bar, and banquet facility provide diversified, non-room revenue and clear upside for a hands-on operator.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$111 USD /SF

# OF ROOMS

52

PRICE/ROOM

$78,846 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Americas Best Value Inn Historic Clewiston

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1938

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

CL-C

APN/PARCEL ID

3-34-43-01-010-0177-0010

ASK ABOUT THIS PROPERTY

Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.