910 E Memorial Blvd
Lakeland, FL 33801
Paramount Lakeside Inn & Suites · Hospitality Property For Sale · 35,741 SF

There are 2 hotels adjacent to one another on 3 parcels of land covering approximately 4.5 acres. Paramount Lakeside Inn & Suites has 200 total guestrooms with approximately 120 guestrooms active and the heated area is approximately 86,000 sq ft. The Ashford Inn has a total of 67 guestrooms with approximately 62 active and heated area is approximately 30,100 sq ft. Combined square footage is approximately 116,000. Restaurant, bar & lounge, and kitchen are currently not being operated. This does not include the land. Landowner will consider selling land, but details must be discussed with landowner. Both properties back up to Lake Parker and have lakefront views. Both hotels have high demand during the months of January through the end of May. Annual occupancy is approximately 90%. Gross revenues have steadily increased for the last several years with many more opportunities to grow. These properties are money-making machines! This is an amazing investment opportunity as there are approximately 80 guestrooms not currently being operated that can be made available to generate even more income. Confidentiality Agreement required for detailed information. Every effort is made to provide accurate and complete information. However, we cannot guarantee that there will be no errors. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of this Site and expressly disclaim liability for errors and omissions in the contents of this Site.