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Former Ho Jo Price Reduced Cap Rate 15%
Corner of International & Kirkman, Orlando, FL 32819
$22,995,000
356
182,500 SF
$64,592.70
Hotel & Motel
Full Service
Investment
2%
15%
$57
66%
2
1985
10 AC
-
Find Out More...
Last Verified 11/2/2009
Listing ID 15071800
Highlights
Location, Location- Large Lobby looks like a million
- Must be seen
Description
PRICE JUST REDUCED --Hotel has gone through renovation during the last year. Left to be done would be New Furniture in Most Rooms. If current owner does more renovation price would go up. Owner owns second hotel that is also on the market. This location is a two floors interior corridor.
2008 Sales were $5,393,645.94
2008 NPI were $3,449,202.76
2008 Cap Rate is 14.99% Percent
One of the closest hotels to Universal Studios
| Description | No. Rooms | | |
|---|
| Rooms | 350 | | |
Map of Corner of International & Kirkman, Orlando, FL 32819 (Orange County)
Created 4/1/2007
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.