1520 Broadway
Fort Myers, FL 33901
The Banyan Hotel Fort Myers, Tapestry · Hospitality Property For Sale · 67 Rooms

Hotel Indigo: The Hotel Indigo is a seven-story, 67-room, boutique hotel located in Downtown Fort Myers. The subject property was constructed in 2009 and is being offered with an adjacent retail building that connects to the hotel. Within walking distance from the property is the Court House, Harborside Event Center and Caloosahatchee River. The hotel offers several modern amenities, including a roof top pool and bar, 60 oversized guest rooms with seven large suites, hardwood floors in all rooms, lobby bar, valet parking and a fitness center. The hotel is being offered for $10 million and can be purchased separately from the retail building. Retail Building: The retail building houses a area with a walkway leading to the hotel’s entrance, the hotel’s meeting space (425 square feet) and four rentable retail bays. The tenants that currently occupancy the building are as following: The Standard; the restaurant that currently services the hotel’s guests (7/1/2015 to 6/30/2025 - 2,979 square feet), Rebel Coffee (6/1/2016 to 2/28/2019 - 1,582 square feet), Inchiban Restaurant (6/1/2003 to 6/30/2018 - 1,339 square feet). Currently the retail building commands $142,616.40 in annual rental revenue. A new operator has the opportunity to increase the rental revenue by leasing out the remaining space, which is currently being used as an ‘offsite’ management office; the space is 900 square feet and should command $19,200 annually. The retail building is being offered for $2 million and must be purchased with the hotel. The retail building’s trailing 12 month May 2017 NOI was $52,531.91