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Hotel-Motel

Comfort Suites Sarasota Siesta Key

5690 Honore Ave, Sarasota, FL 34233

Listing Price: $15,950,000

Cap Rate
8.33%
Number of Rooms
97
RevPAR
$116
Gross SF
53,987
Price/Room
$164,433
Price/Gross SF
$295.44
Year Built
2013

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97-room Comfort Suites located in Sarasota, Florida, within the North Port-Bradenton-Sarasota, FL MSA in the Tampa Bay market. The hotel is a three-story property built in 2013 and located just off I-75. Comfort Suites Sarasota Siesta Key provides the opportunity for a new owner to acquire a stable, select-service Choice hotel within one of the most desirable and fundamentally sound hotel markets in Florida.

Investment Highlights

  • Prime Location within the North Port-Bradenton-Sarasota, FL MSA
  • Increasing RevPAR, Year-Over-Year
  • Historically Strong NOI
  • Minutes from Siesta Key Beach, the #1 Ranked Beach in the U.S. (TripAdvisor)
  • Proximate to Nathan Benderson Park World Class Rowing, Sarasota National Cemetery, Twin Lakes Park, Ed Smith Stadium, Sarasota Memorial Hospital, St. Armands Circle, Siesta Key Village, and More

Exclusively Listed By

Financing By

Hotel-Motel

Comfort Suites Sarasota Siesta Key

Listing Price: $15,950,000

Cap Rate
8.33%
Number of Rooms
97
RevPAR
$116
Gross SF
53,987
Price/Room
$164,433
Price/Gross SF
$295.44
Year Built
2013

Investment Highlights

  • Prime Location within the North Port-Bradenton-Sarasota, FL MSA
  • Increasing RevPAR, Year-Over-Year
  • Historically Strong NOI
  • Minutes from Siesta Key Beach, the #1 Ranked Beach in the U.S. (TripAdvisor)
  • Proximate to Nathan Benderson Park World Class Rowing, Sarasota National Cemetery, Twin Lakes Park, Ed Smith Stadium, Sarasota Memorial Hospital, St. Armands Circle, Siesta Key Village, and More

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97-room Comfort Suites located in Sarasota, Florida, within the North Port-Bradenton-Sarasota, FL MSA in the Tampa Bay market. The hotel is a three-story property built in 2013 and located just off I-75. Comfort Suites Sarasota Siesta Key provides the opportunity for a new owner to acquire a stable, select-service Choice hotel within one of the most desirable and fundamentally sound hotel markets in Florida.

Exclusively Listed By

Financing By

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