Property Highlights:
• 64-Room Comfort Suites by Choice Hotels
• Close Proximity to Multiple Diverse Demand Generators
• Significant Renovations Completed from 2017-2019
• Located in Jacksonville, FL - the Most Populous City in Florida
• On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Guest Laundry, Meeting Space, and High-Speed Internet
• Ideal Room Count for an Owner-Operator
Location Highlights:
• Situated Directly Off of Interstate 295
• 5 Miles from Prime F. Osborn III Convention Center
• 8 Miles from Downtown Jacksonville and TIAA Bank Field
• 10 Miles from Times Union Center for Performing Arts and the Riverwalk
• 15 Miles from Jacksonville International Airport
• 30 Miles from Jacksonville Beach
• Ideal Mix of Both Leisure and Corporate Business
Financial Highlights:
• Healthy RevPAR of $83.00 - YE 2019
• Offered at a 3.46x Room Revenue Multiplier
• Opportunity for Significant Cash Flow due to $30k+ Revenue Per Room
• YE 2019 Room Revenue of $1,938,871
• YE 2019 NOI of $637,970
• Offered at an 9.52% Cap Rate