Listing Agents
Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com
Omari Head
T | 773.315.5704
ohead@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee-simple interest in the institutionally owned and third-party operated 87-room Residence Inn, 96-room Fairfield Inn & Suites and 169-room Courtyard – collectively the 352-room Marriott Ocala Portfolio
- The Marriott Ocala Portfolio is available for sale individually or as a portfolio, thereby presenting operational synergies between three well-branded proximate hotels
- A minimum 10-year Marriott license is available upon completion of the individual brand mandated PIPs
- Well-maintained assets will trade at a steep discount to replacement cost in the growing and affluent suburb of Ocala FL
- Substantial operational upside in purchasing the institutionally owned portfolio, transitioning operations from the manager, completing the PIPs, and repositioning the assets
- Located adjacent to Interstate-75 in Ocala FL that serves as a central Florida hub for transportation and logistics
- Proximate to all local corporate and logistics demand, including Lockheed Martin, E-One, Inc. , Chewy’s Inc., and Amazon
- Located near several prominent institutions of higher education, including College of Central Florida, Rasmussen University, and Marion Technical College
- Positioned in close proximity to the region’s highly visited leisure attractions, including The World Equestrian Center, Canyon Zip Line & Adventure Park, and Ocala Palms Golf & Country Club
- Easily accessible to all local healthcare demand, including HCA Florida Ocala Hospital and HCA Florida West Marion Hospital
- Optimal time to be investing in Florida with growing populations and business friendly economic climate ranked #1 state in southeast for Best Tax Climate