HAMPTON INN & SUITES
4420 North Socrum Loop Road, lakeland, FL, 33809
NOI
$1,047,000,000
Cap Rate
9.7%
RRM
4X
Price
$11,000,000
Year Built
1999/2019
Rooms
73
Stories
3
INVESTMENT HIGHLIGHTS
The Hotel has seen a significant increase in performance since 2019 and significant upside remains for a new owner to capitalize on the recently completed renovations as well as a change of ownership PIP and drive RevPAR and NOI well beyond in-place metrics without any disruption to operations. The Hotel is being offered unencumbered of current management and any debt with a possible 10 year franchise term from Hilton.
INVESTMENT OVERVIEW
The Hampton Inn and suites consists of 73 rooms and suites. The hotel was built in 1999 and underwent a complete renovation in 2019 . The hotel offers 24-hour business center and 666-square-foot meeting facility for corporate needs. free high-speed internet access, a desk and phone, pantry with a mini-fridge, coffee maker and microwave.The franchise license agreement will be extended to the new ownership. a light PIP maybe required to complete upon change of ownershership. There’s a Site across from the subject property totally 1.99 acres owned by same owners that could be added and sold as part of a portfolio. The site is approved for 100+ room hotel under Hilton or Marriott brands.
LOCATION HIGHLIGHTS
Excellent Location on I4 corridor between Tampa and Orlando. The Hampton Inn & Suites lakeland is located at exit 33 off I-4 with great access and visbility from I-4. The Hotel is within close proximity to lakeland most dynamic demand drivers including: lakeland Downtown, Lakeland Air show, golf courses, shopping and dining destinations. lakeland, recognized as one of the top lodging investment submarkets in Florida, has experienced unparalleled growth in leisure demand. Given the scarcity of permits and the high cost of land in the area, this offering represents a distinctive opportunity to enter a market with substantial barriers to entry.
Exclusive Advisors
About Us
Mazili Hotel Group is a premier hotel brokerage firm focusing solely on hospitality brokerage. Founded in 2000, Julian Mazili and his team of professional hotel brokers serve private and institutional clients worldwide. Clients lean on our extensive experience and knowledge in the industry to achieve maximum success for their investment. Our commitment to our clients is unparalleled. We serve and guide our clients through the whole process from first visit to the closing process. our knowledge and expertise in the industry allows us to navigate through the brokerage process with ease, from assisting with securing financing to working with third party companies.