1978 Village Green Way - Hospitality FOR SALE


Tallahassee, FL 32308- Capital Circle
$13,500,000 USD
941-960-9336
1978 Village Green Way, Tallahassee, FL for Sale
$13,500,000 USD
Hospitality - FOR SALE
1/29
null | Request Cap Rate

1978 Village Green Way
Tallahassee, FL 32308
Capital Circle


HIGHLIGHTS

  • Renovated in 2023 with $620K in upgrades
  • 100-room hotel with full-service amenities
  • Located near FSU, FAMU, and State Capitol
  • Wyndham brand with global loyalty reach
  • Turnkey asset with upside via ADR growth
  • 2.08-acre site with concrete block structure

OVERVIEW

Positioned in the heart of Florida’s capital city, the TRYP by Wyndham Tallahassee offers a compelling opportunity for hospitality investors seeking both operational stability and long-term upside. This 100-room, pet-friendly hotel underwent a substantial $620,000 renovation in 2023, delivering turnkey readiness and modernized amenities. The property spans 66,819 square feet across three stories on a 2.08-acre parcel, with concrete block construction and interior corridors. Guests enjoy a full suite of services including a restaurant/tavern, 24-hour front desk and business center, complimentary hot breakfast, a 24/7 fitness center, and free high-speed Wi-Fi throughout. Each room is outfitted with ergonomic workstations, HDTVs, coffee/tea makers, and family suites feature microwaves, full-size refrigerators, and wet bars. The TRYP brand, part of Wyndham Hotels & Resorts, benefits from global distribution, robust marketing, and the highly rated Wyndham Rewards program. Strategically located just minutes from Florida State University, Florida A&M University, the State Capitol, and Tallahassee International Airport, the property is surrounded by cultural, educational, and recreational destinations. This vibrant setting supports strong demand from both leisure and business travelers. With potential for enhanced Average Daily Rate (ADR) and brand repositioning, the asset presents a rare blend of immediate cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$202 USD /SF

# OF ROOMS

100

PRICE/ROOM

$135,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TRYP by Wyndham Tallahassee North I-10

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1989

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

OR-3

APN/PARCEL ID

11-08-75-00A-005.0

ASK ABOUT THIS PROPERTY

Mousa WakilehColdwell Banker Commercial RealtyMore Info
941-960-9336

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Mousa WakilehColdwell Banker Commercial RealtyMore Info
941-960-9336

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