2905 N Monroe St
Tallahassee, FL 32303
La Quinta Inn & Suites - Corporate Owned · Hospitality Property For Sale · 75,268 SF

HREC Investment Advisors (“HREC IA”), is pleased to offer for sale the fee-simple interest in the 154-guestroom, two and three-story, exterior-corridor, limited-service hotel, corporate-owned by CorePoint Lodging, La Quinta Inn & Suites Tallahassee North (herein referred to as “Hotel” or “Property”), located at 2905 N Monroe Street Tallahassee, FL 32303. The acquisition of the La Quinta Inn & Suites Tallahassee North represents an excellent opportunity to acquire the fee-simple interest in an excellently-located, midscale, limited-service, corporate-owned by CorePoint Lodging hotel being offered unencumbered by management at well-below replacement cost. The offering also includes a vacant restaurant building adjacent to the Property. The Hotel is located on Florida’s panhandle directly off I-10 near the State Capitol, in close proximity to Florida A&M and Florida State University. Tallahassee, the capital of Florida, is the eighth largest city in the state of Florida, and the 126th largest city in the United States. Tallahassee is the largest city in the Florida Big Bend and Florida Panhandle region, and the main center for trade and agriculture in the Florida Big Bend and Southwest Georgia regions. Tallahassee is home to Florida State University, ranking the nation’s eighteenth best public university by U.S. News & World Report. It is also home to Florida A&M University, the fifth-largest historically black university by total enrollment. Tallahassee Community College is a large state college that serves mainly as a feeder school to Florida State and Florida A&M. Tallahassee qualifies as a significant college town, with a student population exceeding 70,000. As the capital, Tallahassee is the site of the Florida State Capitol, Supreme Court of Florida, Florida’s Governor’s Mansion, and nearly 30 state agency headquarters. The city is also known for its large number of law firms, lobbying organizations, trade associations and professional associations, including the Florida Bar and the Florida Chamber of Commerce.