2934 Polynesian Isle Blvd - Hospitality FOR SALE


Kissimmee, FL 34746- North Kissimmee
$6,500,000 USD
813-767-9953
2934 Polynesian Isle Blvd, Kissimmee, FL for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/12
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2934 Polynesian Isle Blvd
Kissimmee, FL 34746
North Kissimmee


HIGHLIGHTS

  • • Quality Inn Kissimmee - Multi-Family Conversion Opportunity • Approved for 94 Studio/Efficiency Units
  • • Three Stories - 2 Elevators on site - Meeting Space
  • • Zoning Change Approved
  • • Extra Land on Site
  • • 7.7 Miles to Disney’s Hollywood Studios • 8.1 Miles to Disney’s Blizzard Beach Water Park • 8.3 Miles to Disney’s Animal Kingdom Theme Park
  • • Estimated Net Operating Income of $905,084.31

OVERVIEW

OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn Kissimmee, a Choice Hotel, located in Kissimmee, Florida. The subject property has received approval for a hotel to multi-family conversion. The 94-unit property is strategically situated in close proximity to the nearby Walt Disney World Resort and other Orlando attractions. With its strong location in one of Florida’s most popular vacation areas, its proximity to major theme parks, dining, and shopping further enhances its appeal to travelers and investors alike. PROPERTY OVERVIEW: The 94-key hotel is located in the high-demand sub-market of Kissimmee, Florida and current owners recently went through extensive planning to get approvals for conversion to multi-family. Strategically positioned just minutes from Walt Disney World Resort and the heart of Orlando’s tourism corridor, this asset offers a rare opportunity to capitalize on strong local fundamentals through adaptive reuse. Situated on approximately 2.85+/- acres of land, the property is currently operating as a limited service hotel. However, the Osceola County Planning division recently approved the site for multifamily conversion, making this a turnkey repositioning opportunity for developers and value add investors. Location provides strong demand for affordable and workforce housing. - APPROVED FOR CONVERSION TO MULTI-FAMILY - 94 KEYS WITH 2 ELEVATORS ON SITE AND MEETING SPACE AVAILABLE - PRIME LOCATION - ZONING AND ENTITLEMENTS IN-PLACE MARKET OVERVIEW: Kissimmee is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area (MSA) in Central Florida. This MSA encompasses the cities of Orlando, Kissimmee, Sanford, and surrounding areas, making it one of the largest metropolitan regions in Florida. Known for its world-class theme parks, resorts, and entertainment offerings, the region attracts millions of visitors each year. Orlando, often recognized as the “Theme Park Capital of the World,” is home to major attractions such as Walt Disney World Resort, Universal Orlando Resort, SeaWorld Orlando, the highly anticipated and newly opened Universal’s Epic Universe and more. Kissimmee, just south of Orlando, offers convenient proximity to these attractions, making it an ideal location for tourists seeking accommodations with easy access to the parks. Additional demand generators include conventions, sporting events, concerts, retail and dining. The Kissimmee/Orlando area remains a dynamic, high-demand market for hospitality investment, driven by its broad appeal to families, business travelers, and international visitors, along with its powerful demand generators. With constant growth in both leisure and business tourism, the area is poised for continued success in the hospitality sector. Property Highlights: • Quality Inn Kissimmee - Multi-Family Conversion Opportunity • Approved for 94 Studio/Efficiency Units • Located in a High Growth Market • Three Stories - 2 Elevators on site - Meeting Space • Zoning Change Approved • Extra Land on Site Location Highlights: • 7.7 Miles to Disney’s Hollywood Studios • 8.1 Miles to Disney’s Blizzard Beach Water Park • 8.3 Miles to Disney’s Animal Kingdom Theme Park • 9.0 Miles to Orange County Convention Center • 12.1 Miles to Universal’s Epic Universe • 12.3 Miles to Disney’s Magic Kingdom • 12.3 Miles to Icon Park • 12.5 Miles to Universal Studios • 18.3 Miles to Amway Center • 20.2 Miles to Orlando International Airport Financial Highlights: • List Price of $6,500,000 • Estimated Market Rent of $1,350/unit • Estimated Effective Gross Income of $1,454,782 • Estimated Net Operating Income of $905,084.31

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$156 USD /SF

# OF ROOMS

94

PRICE/ROOM

$69,149 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel-to-Multifamily Conversion - 94 Units

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1991

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

OPD

APN/PARCEL ID

03-25-28-4076-0001-0020

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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