Hotels for Sale

Days Inn Sarasota, FL

Address:
Sarasota, Florida
Description:
  • Fee-simple interest in the 96-room Days Inn Sarasota, FL offered at an attractive discount to replacement cost
  • Available unencumbered of debt and management with ability to retain the Days Inn by Wyndham flag via a long-term relicense agreement
  • High yield investment with forecasted year one double-digit cash on cash returns
  • Minimal change of ownership PIP expected with approximately $1.16 million ($12.1k/key) already invested in renovation since 2015
  • Situated on over 2.8 acres of total real estate along the highly trafficked US Highway 41, a 480-mile major corridor in western Florida
  • Convenient to several of the region’s most popular tourist destinations including the Sarasota Bay front and St. Armand’s Circle, the famous beaches of Siesta Key, Lido Key, and Longboat Key, the Ringling Museum, Sarasota Jungle Gardens, and Selby Botanical Gardens
  • Within minutes of Sarasota-Bradenton International Airport and three college facilities - New College of Florida, Florida State University’s MFA Acting Conservatory, and the Ringling College of Art and Design
  • Ideal time to invest in Sarasota County as the area experiences record population growth from both retiree and millennial migration, anticipated benefit from recent federal tax restructuring, and the addition of several new substantial development projects including $1 billion Quay mixed-use project which broke ground in May 2018

Listing Agents

Brian Guernier
T: 407.203.9458
Email

Adam Montufar
T: 515.446.4181
Email

Beau Mullenix
T: 314.568.7098
Email

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