Property Highlights:
• 53-Room Country Inn & Suites by Radisson
• 2005 Construction / Interior Corridor Hotel
• Ideal Room Count for an Owner-Operator
• Minimal Change of Ownership PIP
• On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Fitness Center, Business Center, and High-Speed Internet
Location Highlights:
• Situated Directly off US-90 & Interstate 10
• 9 Miles from Florida State University
• 10 Miles from Florida State Capitol
• Located in the Tallahassee Metropolitan Statistical Area
Financial Highlights:
• Offered at a 3.49x Room Revenue Multiplier
• YE 2019 Room Revenue of $1,061,184
• YE 2019 NOI of $512,557
• Offered at an 13.85% Cap Rate
• Price Per Key - $69,811
• Room for Growth in ADR - Currently Ranked 6 of 6
• SBA Financing Available