Skip to main content

Hotel-Motel

Travelodge Jacksonville Airport

1153 Airport Rd, Jacksonville, FL 32218

Listing Price: $6,300,000

Cap Rate
14.13%
Number of Rooms
201
Price/Room
$31,343
Year Built
1973

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Travelodge Inn & Suites by Wyndham Jacksonville Airport. The subject property is a 201-room, exterior corridor hotel located directly off Airport Road, approximately two miles from Jacksonville Airport. The offering provides investors with unique opportunity to capitalize on a flexible CCG-1 zoning to convert the hotel into a multi-family unit or capture an under valued asset with strong historical revenues.

Investment Highlights

  • Historically, the subject property was built with 224 units, from which 23 units have been condensed into suites, leading the total room count to 201 rooms.
  • Operationally, the hotel has achieved a gross revenue of $2,307,085 in 2018 resulting in a 2.73 revenue multiplier based on current pricing.
  • Currently, the Travelodge is listed at $31,343 on a per key basis.

Exclusively Listed By

Hotel-Motel

Travelodge Jacksonville Airport

Listing Price: $6,300,000

Cap Rate
14.13%
Number of Rooms
201
Price/Room
$31,343
Year Built
1973

Investment Highlights

  • Historically, the subject property was built with 224 units, from which 23 units have been condensed into suites, leading the total room count to 201 rooms.
  • Operationally, the hotel has achieved a gross revenue of $2,307,085 in 2018 resulting in a 2.73 revenue multiplier based on current pricing.
  • Currently, the Travelodge is listed at $31,343 on a per key basis.

Investment Overview

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Travelodge Inn & Suites by Wyndham Jacksonville Airport. The subject property is a 201-room, exterior corridor hotel located directly off Airport Road, approximately two miles from Jacksonville Airport. The offering provides investors with unique opportunity to capitalize on a flexible CCG-1 zoning to convert the hotel into a multi-family unit or capture an under valued asset with strong historical revenues.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower