Hotel-Motel

Country Inn & Suites by Radisson Port Charlotte

Listing Price: $7,200,000

Cap Rate
8.38%
Number of Rooms
94
Price/Room
$76,596
RRM
3.40
Year Built
2009

Investment Overview

Marcus and Millichap has been exclusively retained to offer for sale the fee simple interest in the 94-room Country Inn & Suites located in Port Charlotte, Florida. The hotel is a 2009-build, four-story property located directly off Interstate 75, a major thoroughfare of Florida's west coast. A largely up-and-coming area, Port Charlotte is within short drive away from the Punta Gorda Airport, one of the fastest growing airports in the United States. In 2017, the airport serviced nearly 1.3 million passengers, a 15.7% increase year-over-year. Additionally, the hotel is within close proximity to a variety of other demand generators including the Port Charlotte Town Center, Bayfront Health Punta Gorda and Charlotte Sports Park, among others. The Country Inn & Suites Port Charlotte provides the opportunity to acquire a well-performing Radisson hotel in a rapidly growing market.

Investment Highlights

  • Newest property in its competitive set
  • Opportunity for a new owner to increase market share in RevPAR
  • Opportunity to acquire a proven, high-performing property in a rapidly growing market

Exclusively Listed By

Hotel-Motel

Country Inn & Suites by Radisson Port Charlotte

Listing Price: $7,200,000

Cap Rate
8.38%
Number of Rooms
94
Price/Room
$76,596
RRM
3.40
Year Built
2009

Investment Highlights

  • Newest property in its competitive set
  • Opportunity for a new owner to increase market share in RevPAR
  • Opportunity to acquire a proven, high-performing property in a rapidly growing market

Investment Overview

Marcus and Millichap has been exclusively retained to offer for sale the fee simple interest in the 94-room Country Inn & Suites located in Port Charlotte, Florida. The hotel is a 2009-build, four-story property located directly off Interstate 75, a major thoroughfare of Florida's west coast. A largely up-and-coming area, Port Charlotte is within short drive away from the Punta Gorda Airport, one of the fastest growing airports in the United States. In 2017, the airport serviced nearly 1.3 million passengers, a 15.7% increase year-over-year. Additionally, the hotel is within close proximity to a variety of other demand generators including the Port Charlotte Town Center, Bayfront Health Punta Gorda and Charlotte Sports Park, among others. The Country Inn & Suites Port Charlotte provides the opportunity to acquire a well-performing Radisson hotel in a rapidly growing market.

Exclusively Listed By

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