238 S Line Dr - Hospitality FOR SALE
Apopka, FL 32703 |
238 S Line Dr
Apopka, FL 32703
HIGHLIGHTS
- Since 2022, the hotel has consistently generated strong rooms revenue, averaging over $2,970,000 (rounded).
- The hotel’s rooms revenue for the trailing-twelve-month (TTM) period through August 2025 equated to $2,890,000 (rounded), leading to a $103 RevPAR.
- Over the past 3 years, the hotel achieved an average NOI flow-through of $1,130,000 (rounded) annually, demonstrating operational stability.
- Based on the pricing guidance and the hotel’s TTM June 2025 financial statement, the deal underwrites to an attractive 3.7x RRM and 8.2% cap rate.
- From July 2019 to May 2020, the property underwent an extensive, property-wide renovation, per the brand’s "Formula Blue" design scheme.
- InterContinental Hotels Group (IHG) has confirmed that it will grant a new, long-term franchise agreement of 15 years.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Holiday Inn Express & Suites Orlando Apopka
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
63591
STORIES
5
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2009
PARKING SPACES
87
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
PUD
APN/PARCEL ID
12-21-28-0165-02-000
