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Hotel-Motel

Americas Best Value Inn Historic Clewiston Inn

108 Royal Palm Ave, Clewiston, FL 33440

Listing Price: $2,250,000

Cap Rate
6.15%
Number of Rooms
52
RevPAR
$30
Gross SF
15,666
Price/Room
$43,269
Price/Gross SF
$143.62
Year Built
1939

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 57-room Americas Best Value Inn located in Clewiston, Florida. The property is a two-story hotel located directly off of U.S. Highway 27, a major thoroughfare of southern Florida. Clewiston is known for its sugarcane crop, and the Americas Best Value Inn is located adjacent to Civic Park, the site of the annual Clewiston Sugar Festival, an event which attracts nearly 20,000 people. In addition to Civic Park, the hotel benefits from being within close proximity to a variety of other demand generators including: Hendry Regional Medical Center, Airglades International Airport and Clewiston Sugar Factory, amongst others. The Americas Best Value Inn offers investors the opportunity to acquire an easily-manageable hotel with minimal expected Property Improvement Plan (PIP) costs.

Investment Highlights

  • Minimal Property Improvement Plan (PIP) Costs Expected for A New Owner
  • Excellent Entry-Level Property for A First-Time Hotel Investor
  • Registered as A National Historic Site

Exclusively Listed By

Hotel-Motel

Americas Best Value Inn Historic Clewiston Inn

Listing Price: $2,250,000

Cap Rate
6.15%
Number of Rooms
52
RevPAR
$30
Gross SF
15,666
Price/Room
$43,269
Price/Gross SF
$143.62
Year Built
1939

Investment Highlights

  • Minimal Property Improvement Plan (PIP) Costs Expected for A New Owner
  • Excellent Entry-Level Property for A First-Time Hotel Investor
  • Registered as A National Historic Site

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 57-room Americas Best Value Inn located in Clewiston, Florida. The property is a two-story hotel located directly off of U.S. Highway 27, a major thoroughfare of southern Florida. Clewiston is known for its sugarcane crop, and the Americas Best Value Inn is located adjacent to Civic Park, the site of the annual Clewiston Sugar Festival, an event which attracts nearly 20,000 people. In addition to Civic Park, the hotel benefits from being within close proximity to a variety of other demand generators including: Hendry Regional Medical Center, Airglades International Airport and Clewiston Sugar Factory, amongst others. The Americas Best Value Inn offers investors the opportunity to acquire an easily-manageable hotel with minimal expected Property Improvement Plan (PIP) costs.

Exclusively Listed By

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