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Hotel-Motel

Fairfield Inn & Suites Jacksonville

1300 Airport Rd, Jacksonville, FL 32218

Listing Price: $14,000,000

Cap Rate
8.31%
Number of Rooms
107
RevPAR
$84
Gross SF
51,266
Price/Room
$130,841
Price/Gross SF
$273.09
Year Built
1998

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 107-room Fairfield Inn & Suites located in Jacksonville, Florida - the most populous city in the State of Florida and the southeastern United States. The property is a three-story, limited-service hotel located directly off Interstate 95 and a short drive to both the Jacksonville Cruise Port as well as Jacksonville International Airport. Directly behind the properties lies an industrial business park including the Jacksonville International Tradeport and multiple logistics companies that require continuous hotel business. The property is also located within close proximity to a variety of other demand generators including: Jacksonville Zoo & Gardens, UF Health Jacksonville, and TIAA Bank Field, among others. The Fairfield Inn & Suites offers investors the opportunity to acquire a 107-room property in an established and growing market within minutes of an international airport.

Investment Highlights

  • The Fairfield Inn & Suites Jacksonville Airport is a 107-Room Hotel Located Within Minutes of an International Airport. Fairfield Inn By Marriott Is A Highly Sought After Flag.
  • Achieving A 101.4 Percent Average Annual Occupancy Penetration Index Over The Past Three Years.Draws Occupancy From Jacksonville International Airport, Nearby Corporate Parks, UF Health North, and I95
  • Being Sold Unencumbered By Existing Debt Or Management. Upon Completion Of Fairfield Change Of Ownership PIP, It Is Expected That New Ownership Will Receive A 12-Year Franchise Extension Or Up To 2036

Exclusively Listed By

Hotel-Motel

Fairfield Inn & Suites Jacksonville

Listing Price: $14,000,000

Cap Rate
8.31%
Number of Rooms
107
RevPAR
$84
Gross SF
51,266
Price/Room
$130,841
Price/Gross SF
$273.09
Year Built
1998

Investment Highlights

  • The Fairfield Inn & Suites Jacksonville Airport is a 107-Room Hotel Located Within Minutes of an International Airport. Fairfield Inn By Marriott Is A Highly Sought After Flag.
  • Achieving A 101.4 Percent Average Annual Occupancy Penetration Index Over The Past Three Years.Draws Occupancy From Jacksonville International Airport, Nearby Corporate Parks, UF Health North, and I95
  • Being Sold Unencumbered By Existing Debt Or Management. Upon Completion Of Fairfield Change Of Ownership PIP, It Is Expected That New Ownership Will Receive A 12-Year Franchise Extension Or Up To 2036

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 107-room Fairfield Inn & Suites located in Jacksonville, Florida - the most populous city in the State of Florida and the southeastern United States. The property is a three-story, limited-service hotel located directly off Interstate 95 and a short drive to both the Jacksonville Cruise Port as well as Jacksonville International Airport. Directly behind the properties lies an industrial business park including the Jacksonville International Tradeport and multiple logistics companies that require continuous hotel business. The property is also located within close proximity to a variety of other demand generators including: Jacksonville Zoo & Gardens, UF Health Jacksonville, and TIAA Bank Field, among others. The Fairfield Inn & Suites offers investors the opportunity to acquire a 107-room property in an established and growing market within minutes of an international airport.

Exclusively Listed By

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