Hotel-Motel

Ramada by Wyndham Titusville Kennedy Space Center

3500 Cheney Hwy, Titusville, FL 32780

Listing Price: $7,300,000

Cap Rate
5.10%
Number of Rooms
124
Gross SF
11,212
Price/Room
$58,871
Price/Gross SF
$651.09
Year Built
1995

Investment Overview

Operationally, the hotel has achieved a gross revenue of 1,009,775 Dollars Year to Date in September of 2020. Although the property has experienced negative net operating income growth from 2019 to 2020, business will inevitably continue to grow year over year. Along with room revenue, this property encompasses a 24-Hour Denny’s, providing an additional source of leased revenue of over 70,000 Dollars in 2020.

Investment Highlights

  • Additional Revenue Stream through 24 Hours Denny's Restaurant Lease
  • Less than 15 Miles From Kennedy Space Center
  • Over $400,000 of CapEx Improvements in 2019 and 2020

Exclusively Listed By

Hotel-Motel

Ramada by Wyndham Titusville Kennedy Space Center

Listing Price: $7,300,000

Cap Rate
5.10%
Number of Rooms
124
Gross SF
11,212
Price/Room
$58,871
Price/Gross SF
$651.09
Year Built
1995

Investment Highlights

  • Additional Revenue Stream through 24 Hours Denny's Restaurant Lease
  • Less than 15 Miles From Kennedy Space Center
  • Over $400,000 of CapEx Improvements in 2019 and 2020

Investment Overview

Operationally, the hotel has achieved a gross revenue of 1,009,775 Dollars Year to Date in September of 2020. Although the property has experienced negative net operating income growth from 2019 to 2020, business will inevitably continue to grow year over year. Along with room revenue, this property encompasses a 24-Hour Denny’s, providing an additional source of leased revenue of over 70,000 Dollars in 2020.

Exclusively Listed By

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