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Hotel-Motel

Ramada Inn

4018 W Vine St, Kissimmee, FL 34741

Listing Price: $10,500,000

Cap Rate
6.30%
Number of Rooms
223
Gross SF
51,347
Price/Room
$47,085
Price/Gross SF
$204.49
Year Built
1988

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 223-room Ramada by Wyndham located in Kissimmee, Florida. Kissimmee is part of the Orlando-Kissimmee-Sanford, Florida Metropolitan Statistical Area (MSA), a region with a population of over 2.5 million people. The property is a three-story, full-service hotel located directly off U.S. Highway 192, one of the main thoroughfares of Kissimmee. The area is a major tourist market for the State of Florida, as the property is located a short drive to Walt Disney World, the most visited vacation resort in the world, welcoming an average of 52 million visitors every year. In addition, the property is located within close proximity to a variety of other demand generators including: the Kissimmee Gateway Airport, ESPN Wide World of Sports Complex, and Seaworld Orlando, amongst others. The Ramada by Wyndham offers investors the opportunity to acquire a recently renovated property and potential redevelopment opportunity in a robust tourism market.

Investment Highlights

  • Conversion to Multifamily or Other Use Opportunity; The Property is Currently Zoned to Multifamily Among Other
  • Minimal Property Improvement Plan (PIP) Costs Expected for a New Owner
  • Rebranding Opportunity to Alternative Hotel Flags

Exclusively Listed By

Listing Price: $10,500,000

Cap Rate
6.30%
Number of Rooms
223
Gross SF
51,347
Price/Room
$47,085
Price/Gross SF
$204.49
Year Built
1988

Investment Highlights

  • Conversion to Multifamily or Other Use Opportunity; The Property is Currently Zoned to Multifamily Among Other
  • Minimal Property Improvement Plan (PIP) Costs Expected for a New Owner
  • Rebranding Opportunity to Alternative Hotel Flags

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 223-room Ramada by Wyndham located in Kissimmee, Florida. Kissimmee is part of the Orlando-Kissimmee-Sanford, Florida Metropolitan Statistical Area (MSA), a region with a population of over 2.5 million people. The property is a three-story, full-service hotel located directly off U.S. Highway 192, one of the main thoroughfares of Kissimmee. The area is a major tourist market for the State of Florida, as the property is located a short drive to Walt Disney World, the most visited vacation resort in the world, welcoming an average of 52 million visitors every year. In addition, the property is located within close proximity to a variety of other demand generators including: the Kissimmee Gateway Airport, ESPN Wide World of Sports Complex, and Seaworld Orlando, amongst others. The Ramada by Wyndham offers investors the opportunity to acquire a recently renovated property and potential redevelopment opportunity in a robust tourism market.

Exclusively Listed By

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