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Hotel-Motel

Sleep Inn Leesburg

2476 Citrus Blvd, Leesburg, FL 34748

Listing Price: Request For Offer

Number of Rooms
67
Gross SF
29,756
Year Built
2001

Investment Overview

Marcus and Millichap is pleased to present the fee simple interest in the 67- room , four-story Sleep Inn Leesburg Chain of Lakes. Conveniently located off Highway 441 in Leesburg near Lake Griffin State Park, the property’s location is centered around top area attractions and destinations such as Leesburg Regional Medical Center, Beacon College and Sumter Community College. The offering is also located less than an hour from Orlando and less than 15 minutes from Leesburg International Airport, providing ease of access for transient and local market segments. The Sleep Inn provides investors with an opportunity to acquire a recently renovated, concrete block hotel with an untapped revenue potential.

Investment Highlights

  • The property was undergoing $300,000 in renovations in 2019 which included, but was not limited to, the completion of the new Sleep Inn "Designed to Dream" package. Property owner changed 30 AC units,
  • Historically, the Hotel has consistently underperformed against its competitive set-in regard to both ADR and RevPAR, allowing future operators to unlock an untapped upside in revenue.
  • The 67-room property is currently unencumbered by management and by nature, it serves as a great opportunity for an owner operator to run a hotel in Leesburg's upcoming market.

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
67
Gross SF
29,756
Year Built
2001

Investment Highlights

  • The property was undergoing $300,000 in renovations in 2019 which included, but was not limited to, the completion of the new Sleep Inn "Designed to Dream" package. Property owner changed 30 AC units,
  • Historically, the Hotel has consistently underperformed against its competitive set-in regard to both ADR and RevPAR, allowing future operators to unlock an untapped upside in revenue.
  • The 67-room property is currently unencumbered by management and by nature, it serves as a great opportunity for an owner operator to run a hotel in Leesburg's upcoming market.

Investment Overview

Marcus and Millichap is pleased to present the fee simple interest in the 67- room , four-story Sleep Inn Leesburg Chain of Lakes. Conveniently located off Highway 441 in Leesburg near Lake Griffin State Park, the property’s location is centered around top area attractions and destinations such as Leesburg Regional Medical Center, Beacon College and Sumter Community College. The offering is also located less than an hour from Orlando and less than 15 minutes from Leesburg International Airport, providing ease of access for transient and local market segments. The Sleep Inn provides investors with an opportunity to acquire a recently renovated, concrete block hotel with an untapped revenue potential.

Exclusively Listed By

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