Travelodge Suites


Price:
$2,400,000

Address :
1527 US-441
Okeechobee, FL 34974


  •  Well Positioned Asset Near Lake Okeechobee
  •  Easy Access for Travelers Commuting to West Palm Beach and Fort Pierce
  •  Property Outperforming Competitive Set in ADR
  •  Few Franchises Within Market
  •  The hotel is being offered to sale subject to the existing franchise license agreement. Wyndham Hotels is expected to grant a standard Travelodge license agreement upon the completion of a Product Improvement Plan (PIP).
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  •  Okeechobee is home to the 7th largest fresh water lake in the continental United States
  •  Situated nearby various outdoor activities
  •  Stopping point for travelers headed towards Port St. Lucie and West Palm Beach
  •  Close to Regional Demand Generators, Including...
    •  7.0 Miles to Okeechobee County Airport
    •  19.4 Miles to Sunshine Grove Events Area
    •  30.0 Miles to Seminole Casino Brighton
    •  45.0 Miles to Port St. Lucie, FL
  •  38 Rooms
  •  Continental Breakfast Area (Seats ±10)
  •  Kitchenettes in Guest Rooms
  •  Picnic Area
  •  2 Stories
  •  Exterior Corridors
  •  Concrete Construction
  •  Stucco Facade
  •  Flat Roof With Standing Seam Metal Mansard
  •  Asphalt Parking Lot
  •  Built 2007
Financials
2015
2016
T-12Mos 9/17
Occupancy
59.38%
71.25%
65.50%
Average Daily Rate
$53.34
$60.44
$70.83
Room Revenue
$485,572
$661,940
$673,705
Net Operating Income
$193,069
$326,087
N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!