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Property Detail

2776 Destination Pkwy, Orlando, FL 32819, USA
Close Proximity to All Major Walt Disney World Theme Parks

$Unpriced

Description

INVESTMENT HIGHLIGHTS

  • Approximately 1 Mile to Epic Universe Entrance (Anticipated Summer 2025)
  •  
  • 92 Rooms • 5 Stories • Mid-2021 Concrete Construction
  •  
  • Year 1 Projected Room Revenue - $3,680,368 (Epic Universe expected to open by Summer 2025)
  • Close Proximity to All Major Walt Disney World Theme Parks
  •  
  • 4.1 Miles to Icon Park • 4.3 Miles from Aquatica • 6.7 Miles from Universal Studios
  •  
  • Year 1 Projected Net Operating Income - $1,275,996 (Epic Universe expected to open by Summer 2025)

EXECUTIVE SUMMARY

OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Holiday Inn Express Orlando - South Park near Epic Universe, an IHG Hotel, located in Orlando, Florida. The five-story, 92-room, newly-constructed (mid 2021) hotel is located directly off of Destination Parkway with high visibility from S. John Young Parkway (2022 AADT 69,000). This prime location is situated near a variety of Orlando’s attractions and demand generators featuring Orlando’s infamous theme parks, including Universal’s highly anticipated Epic Universe, which will consist of 5 immersive and fantasy-themed worlds. The reported $1B theme park is expected to open by summer of 2025 (orlandoinformer.com), and it is forecasted that the park will employ 14,000 workers when in operation, and is expected to attract millions of visitors annually, greatly driving additional hotel demand to the immediate surrounding hotels. The entrance to Epic Universe is approximately 1 mile from the subject property, which positions the subject property for significant growth in the years ahead and offers an investor the rare chance to purchase a newly constructed Holiday Inn Express immediately adjacent to the largest and most highly anticipated Universal theme park in the U.S., opening in 2025.

PROPERTY CONDITION:
The Holiday Inn Express Orlando - South Park near Epic Universe was built in mid-2021 with concrete construction and remains in excellent condition. The subject property sits on approximately 1.54 +/- acres on the southwest corner of Destination Parkway and S. John Young Parkway.


MARKET OVERVIEW:
The property located in Orlando, Florida, is situated near multiple diverse demand generators and in a high growth market. Guest types may include leisure and business travelers, tourists visiting the Walt Disney and Universal theme parks, healthcare professionals, travel nurses, construction workers, snow birds, Full Sail and University of Florida students and their families, Daytona 500 race fans as well as group business which can include sports teams, family reunions, wedding parties and more. This offering presents a unique opportunity for an investor to acquire a new Holiday Inn Express in the Orlando-Kissimmee-Sanford MSA - Home to One of the Largest Tourist Markets in the World and located approximately 1 mile from the new, highly anticipated 110-acre Epic Universe theme park.


NEARBY DEMAND GENERATORS:
Epic Universe 1+/- Mile
Icon Park 4.1 Miles
Aquatica 4.3 Miles
Sea World Orlando 4.9 Miles
Universal Studios 6.7 Miles


Property Highlights:
• Holiday Inn Express Orlando - South Park near Epic Universe, an IHG Hotel
• 92 Rooms / 5 Stories / Interior Corridor
• Mid-2021 Concrete Construction **
• Located in a High Growth Market
• Amenities Include: Outdoor Heated Pool, Fitness Center, Business Center, Full Complimentary Breakfast, Meeting Space


Location Highlights:
• Close Proximity to All Major Walt Disney World Theme Parks
• Surrounded by Multiple Diverse Demand Generators
• Approximately 1 Mile to Epic Universe Entrance (Anticipated Summer 2025)
• 2.0 Miles to UCF Rosen School of Hospitality
• 4.1 Miles to Icon Park
• 4.3 Miles from Aquatica
• 4.9 Miles to Sea World
• 6.7 Miles from Universal Studios
• 9.4 Miles to Downtown Orlando
• 10.4 Miles to Orlando International Airport
• Located in the Orlando-Kissimmee-Sanford MSA - Home to One of the Largest Tourist Markets in the World


Financial Highlights:
• List Price - Market-Bid
• T12-March 2024 NOI - $676,240
• T12-March 2024 Room Revenue - $2,905,539
• Year 1 Projected Net Operating Income - $1,275,996 (Epic Universe expected to open by Summer 2025)
• Year 1 Projected Room Revenue - $3,680,368 (Epic Universe expected to open by Summer 2025)
** per Orange County Property Appraiser
 

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Suite24$201.00-
Guest Room68$193.00

 

PROPERTY TAXES

 

Dennis Hopper CCIM

Phone +1 813-605-1756

Mobile +1 813-767-9953

Matt Lawrence

+1 321-917-0229

Specification

General

  • 54847
  • 1.5500
  • Investment
  • P-D
  • 2021
  • 92

Hospitality

Holiday Inn Express Orlando - South Park

Listing ID : 00371

SKU: 371

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