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Hotel-Motel

Best Western Gateway To The Keys

411 S Krome Ave, Florida City, FL 33034

Listing Price: $13,000,000

Cap Rate
8.27%
Number of Rooms
114
RevPAR
$86
Gross SF
68,042
Price/Room
$114,035
RRM
3.63
Price/Gross SF
$191.06
Year Built
1994

Investment Overview

Marcus & Millichap, as an exclusive representative of the seller, is pleased to present for sale the Best Western Florida City. The subject property is a 2-story, 114-room exterior corridor hotel, built in 1994, with a lot size of 3.49 acres. The Best Western Florida City is positioned between major thoroughfares S Krome Ave and US-1 which brings an average annual daily traffic count of 34,000. Florida City is commonly referred to as the gateway to the Florida Keys & Everglades. The area surrounding the property hosts a variety of demand generators including the Homestead-Miami Speedway, Everglades National Park, Homestead Bayfront Park, and the Florida Keys.

Investment Highlights

  • Operationally, the property is set to achieve over $3,400,000 in gross revenue in 2022 and has historically produced strong revenues.
  • The asset is positioned approximately five miles from Homestead Speedway which produces more than 300 million dollars of economic stimulus to the Miami-Dade County.
  • Amenities: Outdoor Pool, Complimentary Breakfast, Free Parking, Safe Deposit Box, and Vending Machines.

Exclusively Listed By

Financing By

Hotel-Motel

Best Western Gateway To The Keys

Listing Price: $13,000,000

Cap Rate
8.27%
Number of Rooms
114
RevPAR
$86
Gross SF
68,042
Price/Room
$114,035
RRM
3.63
Price/Gross SF
$191.06
Year Built
1994

Investment Highlights

  • Operationally, the property is set to achieve over $3,400,000 in gross revenue in 2022 and has historically produced strong revenues.
  • The asset is positioned approximately five miles from Homestead Speedway which produces more than 300 million dollars of economic stimulus to the Miami-Dade County.
  • Amenities: Outdoor Pool, Complimentary Breakfast, Free Parking, Safe Deposit Box, and Vending Machines.

Investment Overview

Marcus & Millichap, as an exclusive representative of the seller, is pleased to present for sale the Best Western Florida City. The subject property is a 2-story, 114-room exterior corridor hotel, built in 1994, with a lot size of 3.49 acres. The Best Western Florida City is positioned between major thoroughfares S Krome Ave and US-1 which brings an average annual daily traffic count of 34,000. Florida City is commonly referred to as the gateway to the Florida Keys & Everglades. The area surrounding the property hosts a variety of demand generators including the Homestead-Miami Speedway, Everglades National Park, Homestead Bayfront Park, and the Florida Keys.

Exclusively Listed By

Financing By

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