Nested along the Florida's Southeast Atlantic Coast City of Fort Pierce in Saint Lucie County only 60 miles north of West Palm Beach
Property is located on highly travelled exit where two major highway I-95 and Florida's Turnpike ends one block from property
great source of walking traffic surrounded by numerous brand Hotels, Home-2 , Fairfield Inn , Comfort Inn , Holiday Inn ,
Hampton Inn over flow from these hotels brings higher ADR and Occupancy
* 2022 Room Revenue $ 1,937,947 with ADR of $109.08, Occupancy of 90.91% with rev Par of $99.16
* Choice Franchise Renewal Due June, 2024 perfect time to Rebrand to higher flag possible Hilton's New Economy "Spark"
with Hilton's brand reservation system will bring higher ADR , Occupancy projected room revenue at least of $2,500,000 plus
possible in future development of Hilton's new extended stay Project -3 in adjoining land would Capitalized on potential for
expansion and increased revenue and property value and perfect COMBO source of Income
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|
| Guest Room | 67 | $79.00 |
PROPERTY TAXES
| Parcel Number | 23-24-705-0009-0008 | Improvements Assessment | $5,255,000 |
| Land Assessment | $408,400 | Total Assessment | $5,663,400 |
Raja Paleja
+1 321-689-6568
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