Grizzard Commercial Real Estate is pleased to present the 196-room StayAble Extended Stay Suites located at 8700 S Orange Blossom Trail, Orlando, Florida 32809. The property will be delivered unencumbered by franchise licenses, management and debt. The StayAble Extended Stay Suites is a 196-room interior corridor midscale hotel built in 1967 with reinforced concrete construction. The property is situated on 4.48 acres with a C-1 zoning which is a general commercial zoning allowing most commercial uses including multifamily. The property has a separate lobby as well as a large building with a vacant unfinished commercial restaurant space. It is a courtyard design with a large pool in the center. Behind the lobby are four guest room buildings that are two-story exterior corridor designs with storefront exposure to the pool and the parking lot. Multifamily Conversion: The property is zoned C-1 which allows for multifamily use but would require applying for a change of use. There is a large demand for affordable housing in Florida now and a recent strategy that has taken o over the last few years is the conversion of exterior corridor motels to affordable housing products. This strategy allows buyers to pay higher prices for this product due to the assets class availability to debt and equity sourcing. These conversions allow buyers to pay current market pricing but also allowing for a more profitable exit strategy down the road. A conversion would involve a zoning change which typically takes at least six months, a renovation of the asset to meet current zoning requirements which involves at a minimum upgrades to the suppression system, pedestrian ingress and egress and certain plumbing and electrical upgrades. Hotel Repositioning: A new owner has the ability to rebrand and reposition the property. The current reputation of the asset in the market has declined recently and a new owner has the opportunity to manage the client base more effectively which should allow for the overall reputation of the property to improve, therefore allowing increased occupancy growth. The hotel can either be rebranded to a national brand or can continue to operate under the current branding. Either way the growth of occupancy will be directly contributed to the effectiveness of a cleaner and safer environment for its guests.