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Hotel-Motel

Opal Hotel & Suites Boutique Hotel

230 W State Rd 436, Altamonte Springs, FL 32714

Listing Price: $20,000,000

Cap Rate
7.62%
Number of Rooms
260
RevPAR
$40
Gross SF
142,277
Price/Room
$76,923
Price/Gross SF
$140.57
Year Built
1971

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 260-room Opal Hotel & Suites located in Altamonte Springs, Florida - a growing city just outside of Orlando, which is one of the most visited cities in the United States. The property is a four-story, full-service hotel located directly off Interstate 4, which recently underwent an Ultimate Project reducing congestion and improving accessibility. The property is located within close proximity to a variety of other demand generators including: the Altamonte Mall, Sanlando Park, AdventHealth Altamonte Springs, among others. The Opal Hotel & Suites offers investors the opportunity to acquire an independent, boutique 260-room property in an established and growing market.

Investment Highlights

  • The Opal Hotel & Suites is a 260-room boutique hotel containing 7 two-bedroom suites, 38 junior suites, and 215 standard rooms. This hotel was an original-build, full-service Holiday Inn.
  • Zoned for MOC-2 Zoning, which allows for multifamily redevelopment among other adaptive reuses. Additionally, multiple flags available including Clarion and Ascend Collection, among others to reflag.
  • Additional income streams through restaurant, bar, and newly built Rayn Nightclub as well as opportunity to add poolside tiki bar to receive additional revenue.

Exclusively Listed By

Financing By

Hotel-Motel

Opal Hotel & Suites Boutique Hotel

Listing Price: $20,000,000

Cap Rate
7.62%
Number of Rooms
260
RevPAR
$40
Gross SF
142,277
Price/Room
$76,923
Price/Gross SF
$140.57
Year Built
1971

Investment Highlights

  • The Opal Hotel & Suites is a 260-room boutique hotel containing 7 two-bedroom suites, 38 junior suites, and 215 standard rooms. This hotel was an original-build, full-service Holiday Inn.
  • Zoned for MOC-2 Zoning, which allows for multifamily redevelopment among other adaptive reuses. Additionally, multiple flags available including Clarion and Ascend Collection, among others to reflag.
  • Additional income streams through restaurant, bar, and newly built Rayn Nightclub as well as opportunity to add poolside tiki bar to receive additional revenue.

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 260-room Opal Hotel & Suites located in Altamonte Springs, Florida - a growing city just outside of Orlando, which is one of the most visited cities in the United States. The property is a four-story, full-service hotel located directly off Interstate 4, which recently underwent an Ultimate Project reducing congestion and improving accessibility. The property is located within close proximity to a variety of other demand generators including: the Altamonte Mall, Sanlando Park, AdventHealth Altamonte Springs, among others. The Opal Hotel & Suites offers investors the opportunity to acquire an independent, boutique 260-room property in an established and growing market.

Exclusively Listed By

Financing By

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