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205 W State Road 436
Altamonte Springs, FL 32714
SpringHill Suites by Marriott Orlando Altamon · Hospitality Property For Sale
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54,064 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2000/2020 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.95 AC | Parking Ratio | 1.57/1,000 SF |
| Building Size | 54,064 SF | Corridor | Interior |
| Zoning | MOC-2,Altamonte Sprg | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.95 AC |
| Building Size | 54,064 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2000/2020 |
| Tenancy | Single |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Interior |
| Zoning | MOC-2,Altamonte Sprg |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
ABOUT 205 W STATE ROAD 436 , ALTAMONTE SPRINGS, FL 32714
TRANSACTION TIMELINE: October 11, 2018 – Indicative Bid Form due (see due diligence vault) October 12, 2018 – Finalists selected October 17, 2018 – Bidder Participation deposit ($50K VIA WIRE ONLY) due to escrow October 25, 2018 – Best and final event Closing Date: 12/20/2018 - Seller shall have the right to extend the Closing Date for up to thirty (30) days as may be necessary with respect to Seller’s defeasance and release of the lien of the Existing Mortgage from the Property. HREC Investment Advisors, as exclusive agent for SHS Altamonte Springs LTC (Owner/Seller), is pleased to offer for sale the fee-simple interest in the SpringHill Suites by Marriott Orlando Altamonte Springs/Maitland (Hotel/Property), a 90-room, Upscale select-service hotel located in the Orlando North, FL submarket of the Orlando, FL market (both as defined by Smith Travel Research). The Hotel is located at 205 W State Road 436, Altamonte Springs, Florida just off Interstate 4. The SpringHill Suites by Marriott Orlando Altamonte Springs/Maitland presents hotel investors the opportunity to acquire an institutional-grade asset that: 1) Has achieved a $100+ RevPAR performance over the July 2018 TTM period – despite disruptions in occupancy as a result of the "I-4 Ultimate" project. 2) Has been a consistent performer over the years with little evident downside risk. 3) Benefits from comparatively high barriers to entry relative to new hotel supply The Hotel is located at 205 W State Road 436, Altamonte Springs, Florida just off Interstate 4. The SpringHill Suites by Marriott Orlando Altamonte Springs/Maitland presents hotel investors the opportunity to acquire an institutional-grade asset that: 1) Has achieved a $100+ RevPAR performance over the July 2018 TTM period – despite disruptions in occupancy as a result of the "I-4 Ultimate" project. 2) Has been a consistent performer over the years with little evident downside risk. 3) Benefits from comparatively high barriers to entry relative to new hotel supply
PROPERTY TAXES
| Parcel Number | 14-21-29-521-0000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,817,303 |
PROPERTY TAXES
