Hotel-Motel

Ramada by Wyndham Jacksonville/Baymeadows Hotel & Conference Center & +/- 1.2-Acre Development Site

9150 Baymeadows Rd, Jacksonville, FL 32256

Listing Price: Request For Offer

Number of Rooms
146
Gross SF
74,366
Year Built
1979

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 146-room Ramada by Wyndham Jacksonville Baymeadows Hotel & Conference Center and +/- 1.2-acre development site located in Jacksonville, Florida - the most populous city in the State of Florida and the southeastern United States. The property is a four-story hotel located directly off of Interstate 95 and ten miles southeast of Downtown Jacksonville. The property is also located within close proximity to a variety of other demand generators including: Interstate 295, St. John's Town Center, TIAA Bank Field, and University of North Florida among others. The Ramada by Wyndham and +/- 1.2-acre development site offers investors the opportunity to acquire a value-add property in an established and growing market with minimal expected Property Improvement Plan (PIP) costs

Investment Highlights

  • Minimal Property Improvement Plan / Renovation Costs Estimated for a New Owner
  • Property has been Out-Performing its Competitive Set in Average Daily Rate (ADR) over the Past Three Years, Boasting an Average Annual ADR Penetration Index of 116.7 Percent
  • Includes +/- 1.2-Acre Development Sit

Exclusively Listed By

Hotel-Motel

Ramada by Wyndham Jacksonville/Baymeadows Hotel & Conference Center & +/- 1.2-Acre Development Site

Listing Price: Request For Offer

Number of Rooms
146
Gross SF
74,366
Year Built
1979

Investment Highlights

  • Minimal Property Improvement Plan / Renovation Costs Estimated for a New Owner
  • Property has been Out-Performing its Competitive Set in Average Daily Rate (ADR) over the Past Three Years, Boasting an Average Annual ADR Penetration Index of 116.7 Percent
  • Includes +/- 1.2-Acre Development Sit

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 146-room Ramada by Wyndham Jacksonville Baymeadows Hotel & Conference Center and +/- 1.2-acre development site located in Jacksonville, Florida - the most populous city in the State of Florida and the southeastern United States. The property is a four-story hotel located directly off of Interstate 95 and ten miles southeast of Downtown Jacksonville. The property is also located within close proximity to a variety of other demand generators including: Interstate 295, St. John's Town Center, TIAA Bank Field, and University of North Florida among others. The Ramada by Wyndham and +/- 1.2-acre development site offers investors the opportunity to acquire a value-add property in an established and growing market with minimal expected Property Improvement Plan (PIP) costs

Exclusively Listed By

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