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Loyalty Inn Tallahassee 2738 N Monroe St 101 Room Hotel Tallahassee, FL 32303 $3,000,000 ($29,703/Room)
INVESTMENT HIGHLIGHTS
- Listed for $34k/Room
- Zoned Byright for Conversion to Multifamily
- Multiple Franchises/Flags Available
EXECUTIVE SUMMARY
• Purchase Price: $3,000,000
• 101 Rooms (70 Currently Rentable – Seller In Process of Renovating/Repairing Remaining Rooms)
• At $29,703/Room, this Hotel is Currently the Lowest Price/Room Hotel Currently Available/Listed for Sale in the State of Florida*
o *Per CoStar Search of Hotel Listings with Advertised Price (not listed as Unpriced/Request for Offers) as of September 2025
• Out-of-State Seller; Absentee Owned & Operated
• Situated on +/- 2.26-Acre Parcel
• Concrete Block Construction – Per Leon County Property Appraiser
• Multiple Franchises Available, including:
o Rodeway Inn by Choice,
o Park Inn by Choice,
o Super 8 by Wyndham,
o Travelodge by Wyndham and
o Howard Johnson by Wyndham, among others
• Multifamily Conversion Allowed By-Right – Zoned for CP-Commercial Parkway
o The 160-Room Seven Hills Suites hotel located directly across the street, was successfully converted to a multifamily complex. This project is a clear example of the willingness of Tallahassee local city/county officials in supporting hotel-to-multifamily conversions.
• Custom Trend Report Shows Possibility for Hotel to Generate $45+ RevPAR ($1.6M+ Revenue)
o Please refer to Page 28 for details
o Trend Report includes following properties in the immediate area surrounding Loyalty Inn:
? Baymont by Wyndham (3210 N. Monroe)
? Red Roof Inn (2930 Hospitality Rd)
? Econo Lodge (2681 N. Monroe)
? La Quinta Tallahassee (2905 N. Monroe)
? Quality Inn Tallahassee (3090 N. Monroe)
? Motel 6 Tallahassee (2801 N. Monroe)
• 101 Rooms (70 Currently Rentable – Seller In Process of Renovating/Repairing Remaining Rooms)
• At $29,703/Room, this Hotel is Currently the Lowest Price/Room Hotel Currently Available/Listed for Sale in the State of Florida*
o *Per CoStar Search of Hotel Listings with Advertised Price (not listed as Unpriced/Request for Offers) as of September 2025
• Out-of-State Seller; Absentee Owned & Operated
• Situated on +/- 2.26-Acre Parcel
• Concrete Block Construction – Per Leon County Property Appraiser
• Multiple Franchises Available, including:
o Rodeway Inn by Choice,
o Park Inn by Choice,
o Super 8 by Wyndham,
o Travelodge by Wyndham and
o Howard Johnson by Wyndham, among others
• Multifamily Conversion Allowed By-Right – Zoned for CP-Commercial Parkway
o The 160-Room Seven Hills Suites hotel located directly across the street, was successfully converted to a multifamily complex. This project is a clear example of the willingness of Tallahassee local city/county officials in supporting hotel-to-multifamily conversions.
• Custom Trend Report Shows Possibility for Hotel to Generate $45+ RevPAR ($1.6M+ Revenue)
o Please refer to Page 28 for details
o Trend Report includes following properties in the immediate area surrounding Loyalty Inn:
? Baymont by Wyndham (3210 N. Monroe)
? Red Roof Inn (2930 Hospitality Rd)
? Econo Lodge (2681 N. Monroe)
? La Quinta Tallahassee (2905 N. Monroe)
? Quality Inn Tallahassee (3090 N. Monroe)
? Motel 6 Tallahassee (2801 N. Monroe)
PROPERTY FACTS
| Price | $3,000,000 | Building Size | 39,986 SF |
| Price Per Room | $29,703 | No. Rooms | 101 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1985/1998 |
| Property Subtype | Hotel | Parking Ratio | 1.88/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.26 AC | ||
| Zoning | CP | ||
| Price | $3,000,000 |
| Price Per Room | $29,703 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.26 AC |
| Building Size | 39,986 SF |
| No. Rooms | 101 |
| No. Stories | 4 |
| Year Built/Renovated | 1985/1998 |
| Parking Ratio | 1.88/1,000 SF |
| Corridor | Exterior |
| Zoning | CP |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 101 | $71.00 | - |
PROPERTY TAXES
| Parcel Number | 21-14-20-424-000.0 | Improvements Assessment | $646,472 |
| Land Assessment | $795,375 | Total Assessment | $1,441,847 |
PROPERTY TAXES
Parcel Number
21-14-20-424-000.0
Land Assessment
$795,375
Improvements Assessment
$646,472
Total Assessment
$1,441,847
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Loyalty Inn Tallahassee | 2738 N Monroe St
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