The property (Ramada Hotel) is located at 3130 Hartley Rd. Jacksonville, FL 32257 Duval County
The property sits on 7.3 acres with retention pond and is zoned CCG-1 which allows for commercial use.
It is a full service 150 room hotel and located inside the property is the Comedy Zone which is 312 seat theater style Comedy Club, 295 capacity Restaurant, about 9,000 sf of meeting rooms, commercial kitchen, and 2 board room/hospitality suites.
Gross income for 2019 was $6.9 million including $2.96 million of room revenue
RevPar $54.03
TrevPar $ 123.11
Room Revenue Multiple 3.5
Total Revenue Multiple 1.2
Price per Square Foot $96.03
The A, B, & C 2-story wings contain 52 rooms each.
The price for the 34,000 SF commercial building and the 7.3 acres is $10,300,000. The one story commercial building is easily convertible into retail shops and Restaurant as well as commons area.
51 kings
4 ADA rooms (1 queen in each)
93 dbl queen
2 suites (1 king in each)