2717 Colonial Blvd - Hospitality FOR SALE


Fort Myers, FL 33907- Page Park
$6,900,000 USD
561-227-2676
2717 Colonial Blvd, Fort Myers, FL for Sale
$6,900,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

2717 Colonial Blvd
Fort Myers, FL 33907
Page Park


HIGHLIGHTS

  • 115 Rentable Rooms + 7-Room/7-Door Manager's Suite (Opportunity to add 7 additional rentable rooms) + 3-Room/1-Door Manager's Suite: 123 Total Rooms
  • 1.73 Acres
  • Nominal Liquidated Damages (~$1,000 / room)
  • Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong hands-on management and increased m
  • Less Than ~4 Miles to the West of Interstate-75

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 115-room Super 8 by Wyndham located in Fort Myers, Florida. The property is a four-story, limited-service hotel that is conveniently located within close proximity to Colonial Boulevard and Cleveland Avenue, providing excellent visibility and access along two of Fort Myers’ main thoroughfares. Additionally, the property presents the opportunity to increase RevPAR, and overall operations, to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing. The Super 8 by Wyndham offers investors the opportunity to acquire a 115-room property in a highly desirable and growing market.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$133 USD /SF

# OF ROOMS

116

PRICE/ROOM

$59,483 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Fort Myers

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

114

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

B-2

APN/PARCEL ID

36-44-24-P3-00900.0020

ASK ABOUT THIS PROPERTY

Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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