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Hotel-Motel

Hotel Venezia by Ramada

425 U.S. 41 Bypass N, Venice, FL 34285

Listing Price: $14,000,000

Cap Rate
8.85%
Number of Rooms
146
Gross SF
59,315
Price/Room
$95,890
Price/Gross SF
$236.03
Year Built
1974

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the fully-renovated Hotel Venezia by Ramada, located in Venice, Florida. The soft-branded hotel has multiple income streams including 146 guest rooms, 10,500 square feet of meeting space and a full-service restaurant and bar. Additionally, the hotel is third-party managed and provides a unique turn-around opportunity for a hands-on owner. As the hotel is located in Venice, Florida (Sarasota County) and directly off the area's main-drag, US Highway 41, buyers are expecting this hotel to benefit tremendously from the positive net-migration Southwest Florida experiences daily. With Sarasota County being one of the fastest growing counties in the country, this business is poised to grow walk-in traffic for the hotel, food & beverage operations and the meeting space alike. Accordingly, the Hotel Venezia by Ramada presents an opportunity for an investor to acquire an upscale, fully-renovated hotel in a growing yet already established destination market.

Investment Highlights

  • Seller Invested Over $12 Million in Upgrades/Improvements since 2013 and Continues to Update the Hotel Annually
  • Third Party Managed - Presenting Unique Upside Opportunity for a Hands-On Owner (Both in Revenue Management and Controlling Expenses)
  • Rebranding Opportunity. There are Multiple Flags available in the market including Ascend Collection by Choice, SureStay Collection and SureStay Plus, among others

Exclusively Listed By

Listing Price: $14,000,000

Cap Rate
8.85%
Number of Rooms
146
Gross SF
59,315
Price/Room
$95,890
Price/Gross SF
$236.03
Year Built
1974

Investment Highlights

  • Seller Invested Over $12 Million in Upgrades/Improvements since 2013 and Continues to Update the Hotel Annually
  • Third Party Managed - Presenting Unique Upside Opportunity for a Hands-On Owner (Both in Revenue Management and Controlling Expenses)
  • Rebranding Opportunity. There are Multiple Flags available in the market including Ascend Collection by Choice, SureStay Collection and SureStay Plus, among others

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the fully-renovated Hotel Venezia by Ramada, located in Venice, Florida. The soft-branded hotel has multiple income streams including 146 guest rooms, 10,500 square feet of meeting space and a full-service restaurant and bar. Additionally, the hotel is third-party managed and provides a unique turn-around opportunity for a hands-on owner. As the hotel is located in Venice, Florida (Sarasota County) and directly off the area's main-drag, US Highway 41, buyers are expecting this hotel to benefit tremendously from the positive net-migration Southwest Florida experiences daily. With Sarasota County being one of the fastest growing counties in the country, this business is poised to grow walk-in traffic for the hotel, food & beverage operations and the meeting space alike. Accordingly, the Hotel Venezia by Ramada presents an opportunity for an investor to acquire an upscale, fully-renovated hotel in a growing yet already established destination market.

Exclusively Listed By

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