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Hotel-Motel

Holiday Inn Express & Suites Punta Gorda

9075 Mac Drive, Punta Gorda, FL 33950

Listing Price: $12,000,000

Cap Rate
8.51%
Number of Rooms
94
Price/Room
$127,660
RRM
4.98
Year Built
2018

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 94-room, Holiday Inn Express & Suites located in Punta Gorda, Florida. The four-story hotel opened for business in March 2018 and is located directly off Interstate 75, providing easy access to the Punta Gorda Airport, one of the fastest growing airports in the United States. In 2017, the airport serviced nearly 1.3 million passengers, a 15.7 percent increase year-over-year. Additionally, the hotel is within close proximity to a variety of other demand generators including the Port Charlotte Town Center, Bayfront Health Punta Gorda, and the Charlotte Sports Park, among others. The Holiday Inn Express & Suites Punta Gorda provides the opportunity to acquire a 2018-build, IHG-branded hotel in a rapidly growing market operating at the top of its competitive set in RevPAR.

Investment Highlights

  • 2018-Build Property
  • No Change-Of-Ownership PIP Estimated for a Buyer
  • Newest Property in the Competitive Set

Exclusively Listed By

Hotel-Motel

Holiday Inn Express & Suites Punta Gorda

Listing Price: $12,000,000

Cap Rate
8.51%
Number of Rooms
94
Price/Room
$127,660
RRM
4.98
Year Built
2018

Investment Highlights

  • 2018-Build Property
  • No Change-Of-Ownership PIP Estimated for a Buyer
  • Newest Property in the Competitive Set

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 94-room, Holiday Inn Express & Suites located in Punta Gorda, Florida. The four-story hotel opened for business in March 2018 and is located directly off Interstate 75, providing easy access to the Punta Gorda Airport, one of the fastest growing airports in the United States. In 2017, the airport serviced nearly 1.3 million passengers, a 15.7 percent increase year-over-year. Additionally, the hotel is within close proximity to a variety of other demand generators including the Port Charlotte Town Center, Bayfront Health Punta Gorda, and the Charlotte Sports Park, among others. The Holiday Inn Express & Suites Punta Gorda provides the opportunity to acquire a 2018-build, IHG-branded hotel in a rapidly growing market operating at the top of its competitive set in RevPAR.

Exclusively Listed By

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