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Hotel-Motel

Travelodge Fort Myers

4760 S Cleveland Ave, Fort Myers, FL 33907

Listing Price: $8,900,000

Cap Rate
6.67%
Number of Rooms
135
Gross SF
41,382
Price/Room
$65,926
Price/Gross SF
$215.07
Year Built
1984

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Travelodge by Wyndham Fort Myers. Sitting on 4.94 acres, the offering provides a robust cash-flowing asset with additional land just off I-75 with easy access to the area’s beaches and various demand generators. Currently, the hotel offers amenities such as an ATM, pet-friendly rooms, an outdoor pool, free breakfast, and mobile check-in.

Investment Highlights

  • Operationally, the hotel has achieved a gross revenue of $2,052,780 in 2018, $2,064,332 in 2019, and maintained a large portion of its revenue in 2020 at $1,835,519.
  • Included in the sale of the 4.94-acre property, the new investor will have the opportunity to build (county approved) up to an additional 93 units in a prime location.
  • Consistently ranked one of the nation's job growth leaders, Lee County is graced by 50 miles of white-sand beach, mild weather, palm-lined boulevards, and an amazing choice of shopping, dining, and re

Exclusively Listed By

Listing Price: $8,900,000

Cap Rate
6.67%
Number of Rooms
135
Gross SF
41,382
Price/Room
$65,926
Price/Gross SF
$215.07
Year Built
1984

Investment Highlights

  • Operationally, the hotel has achieved a gross revenue of $2,052,780 in 2018, $2,064,332 in 2019, and maintained a large portion of its revenue in 2020 at $1,835,519.
  • Included in the sale of the 4.94-acre property, the new investor will have the opportunity to build (county approved) up to an additional 93 units in a prime location.
  • Consistently ranked one of the nation's job growth leaders, Lee County is graced by 50 miles of white-sand beach, mild weather, palm-lined boulevards, and an amazing choice of shopping, dining, and re

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Travelodge by Wyndham Fort Myers. Sitting on 4.94 acres, the offering provides a robust cash-flowing asset with additional land just off I-75 with easy access to the area’s beaches and various demand generators. Currently, the hotel offers amenities such as an ATM, pet-friendly rooms, an outdoor pool, free breakfast, and mobile check-in.

Exclusively Listed By

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