Hotels for Sale

Days Inn Sarasota, FL

Address:
Sarasota, Florida
Description:

UNDER CONTRACT

  • Fee-simple interest in the 96-room Days Inn Sarasota 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 north/south corridor in 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

Adam Montufar
T: 515.446.4181
Email

Brian Guernier
T: 407.203.9458
Email

Beau Mullenix
T: 314.568.7098
Email

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