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Off Market
1/12

44199 Highway 27 N
Davenport, FL 33897


OVERVIEW

152-room, 2021-renovated, Sunset Palm Hotel, located in Davenport, FL. The 2.3-acre property is a two-story independent hotel located directly off the intersection of Hwy 27 and Interstate 95. The property is strategically located close to one of the strongest hotel markets in the country. Major interst generators like World Disney World, Sea World, Universal Studios, Orange County Convention Center, and the Orlando Premium outlets, are all located less that 30 minutes away from the Sunset Palm Hotel The Sunset Palm Hotel offers investors the opportunity to acquire an recently renovated, amenity-rich property, in Central Florida. HOTEL LIQUOR LICENSE The sale of the hotel includes the H-4COP Hotel Liquor license with an estimated value of $ 600,000 to a qualified buyer. 80 HOTEL ROOMS ADDITION The present owner of the hotel has divided the Lot on which the hotel is located into two separate parcels. On Lot A the hotel with a total of 152 rooms is situated and Lot B, for which the Seller has completed fixability states for the development of additional 80 hotel rooms. Ground Drilling Reports and confirmed that the new construction is suitable for the Lot. The storm water retention report is completed and will provide information which confirms the ability to construct the addition. A required traffic impact study for the 80 hotel rooms to be built as 40 1BR apartments, has confirmed that there will not be any issues with regard to the traffic impact when the hotel extension is completed. Shop drawing and renderings of the 80 hotel rooms addition is available. Presently the seller is in the process of developing construction plans for the approval of the additional 80 hotel rooms.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

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BUILDING DETAILS

PROPERTY NAME

Sunset Palm Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

65000

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1973

PARKING SPACES

160

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C3

APN/PARCEL ID

27-26-07-000000-041090