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Comfort Suites Tallahassee Downtown 1026 Apalachee Pky 64 Room Hotel Tallahassee, FL 32301 $8,500,000 ($132,813/Room) 11.25% Cap Rate
EXECUTIVE SUMMARY
Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the premium branded Comfort Suites Hotel. The property is strategically located in Florida’s capital city, the Property benefits from year-round demand driven by government, education, sports, and tourism sectors. Situated in the heart of Downtown Tallahassee, the Hotel is less than one mile from the Florida State Capitol and the campuses of Florida State University (FSU) and Florida A&M University (FAMU). The Property is also walkable to popular local attractions including Cascades Park, College Town, and the Donald L. Tucker Civic Center, one of the region’s largest sports and event venues.
Property Overview
• The Comfort Suites Tallahassee Capitol was built in 2000 and consists of 64 suites. Located in the heart of Tallahassee, the property offers spacious suites and amenities that include refrigerator, microwave, free Wi-Fi, and more. Theres also an outdoor pool, a fitness center and a meeting room. Tallahassee continues to experience sustained economic and population growth, supported by a strong base of public sector employment, expanding university infrastructure, and a growing reputation as a top-tier destination for legislative sessions, collegiate athletics, and outdoor recreation. With proximity to I-10 and only a 15-minute drive to Tallahassee International Airport, the Hotel enjoys convenient regional connectivity and a diversified mix of transient,
group, and government demand.
Ideally located in the heart of Downtown Tallahassee, the Comfort Suites sits less than one mile away from the Florida State Capitol, Leon County Courthouse, and the campuses of Florida State University and Florida A&M University. Together, the universities enroll over 53,000 students and employ more than 17,000 faculty and staff. FSU football alone draws over 70,000 fans per game, driving peak weekend compression during the fall season.
Surrounding the Hotel is a vibrant mix of government, cultural, and entertainment attractions. Just blocks away, Cascades Park, a 24-acre urban greenspace featuring the Adderly Amphitheater, hosts concerts, festivals, and community events. The nearby Donald L. Tucker Civic Center includes a 12,500-seat arena and over 54,000 SF of meeting space, welcomes over 500,000 annual visitors across sporting events, concerts, and conventions.
Property Overview
• The Comfort Suites Tallahassee Capitol was built in 2000 and consists of 64 suites. Located in the heart of Tallahassee, the property offers spacious suites and amenities that include refrigerator, microwave, free Wi-Fi, and more. Theres also an outdoor pool, a fitness center and a meeting room. Tallahassee continues to experience sustained economic and population growth, supported by a strong base of public sector employment, expanding university infrastructure, and a growing reputation as a top-tier destination for legislative sessions, collegiate athletics, and outdoor recreation. With proximity to I-10 and only a 15-minute drive to Tallahassee International Airport, the Hotel enjoys convenient regional connectivity and a diversified mix of transient,
group, and government demand.
Ideally located in the heart of Downtown Tallahassee, the Comfort Suites sits less than one mile away from the Florida State Capitol, Leon County Courthouse, and the campuses of Florida State University and Florida A&M University. Together, the universities enroll over 53,000 students and employ more than 17,000 faculty and staff. FSU football alone draws over 70,000 fans per game, driving peak weekend compression during the fall season.
Surrounding the Hotel is a vibrant mix of government, cultural, and entertainment attractions. Just blocks away, Cascades Park, a 24-acre urban greenspace featuring the Adderly Amphitheater, hosts concerts, festivals, and community events. The nearby Donald L. Tucker Civic Center includes a 12,500-seat arena and over 54,000 SF of meeting space, welcomes over 500,000 annual visitors across sporting events, concerts, and conventions.
PROPERTY FACTS
| Price | $8,500,000 | Lot Size | 1.44 AC |
| Price Per Room | $132,813 | Building Size | 40,000 SF |
| Sale Type | Investment | No. Rooms | 64 |
| Cap Rate | 11.25% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2000/2020 |
| Property Subtype | Hotel | Parking Ratio | 1.58/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | AC | ||
| Price | $8,500,000 |
| Price Per Room | $132,813 |
| Sale Type | Investment |
| Cap Rate | 11.25% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.44 AC |
| Building Size | 40,000 SF |
| No. Rooms | 64 |
| No. Stories | 3 |
| Year Built/Renovated | 2000/2020 |
| Parking Ratio | 1.58/1,000 SF |
| Corridor | Interior |
| Zoning | AC |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Room Service
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 64 | $134.00 | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 11-31-65-00C-001.0 | Improvements Assessment | $2,173,496 |
| Land Assessment | $708,800 | Total Assessment | $2,882,296 |
PROPERTY TAXES
Parcel Number
11-31-65-00C-001.0
Land Assessment
$708,800
Improvements Assessment
$2,173,496
Total Assessment
$2,882,296
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Comfort Suites Tallahassee Downtown | 1026 Apalachee Pky
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