9521 Marketplace Rd
Fort Myers, FL 33912
La Quinta Inn & Suites Fort Myers Airport · Hospitality Property For Sale · 42,841 SF

Property Overview: The La Quinta Inn & Suites is a 73-room, 2006 concrete block constructed, three-story, limited-service hotel located in Fort Myers, Florida. Per La Quinta’s requirements, the current ownership recently spent approximately $70,000 on the exterior of the hotel, which included painting the building and adding three-flag poles. Strategic Location: The hotel is situated directly off of Interstate 75 with high visibility and six miles from the Southwest Florida International Airport, allowing for easy access. It is also located in close proximity to area business and leisure generators. Property Amenities: On-site amenities include an indoor pool and whirlpool, exercise facility, wireless internet connection in public areas and guest rooms, guest laundry, elevator, ice/vending machines, free airport shuttle, business center, 760 square feet of meeting space, pet friendly, and complimentary breakfast. Desirable Market: The subject property is located near numerous leisure demand generators, such as Fort Myers Beach (14 miles), Sanibel/Captiva Islands (17 miles), Sun Splash Family Water Park (17 miles), San Carlos Golf Course (8 miles), Gateway Golf & Country Club (5 miles), Nature Center of Lee County (6 miles), Manatee & Eco River Tours (13 miles), Deep Sea Fishing (14 miles), Everglades Day Safari (10 miles), Coconut Hunt Point Mall (13 miles), FGCU – Gulfcoast Town Center (6 miles), Fort Myers Historical Museum (8 miles), Germain Arena (7 miles), Miromar Outlets (9 miles), Lee Civic Center (15 miles), CenturyLink Sports Complex (3 miles), the Minnesota Twins Baseball Training Center at Hammond Stadium (3 miles – located in the CenturyLink Sport Complex), the Boston Red Sox Training at JetBlue Park (2.8 miles), Edison & Ford Winter Estates (10 miles) and Hertz Corporate Headquarters (12 miles). There are four acute hospitals nearby the Best Western, all under Lee Health Care, including Lee Memorial Hospital, HealthPark Medical Center, Gulf Coast Medical Center and Cape Coral Hospital, and two specialty hospitals: Golisano Children’s Hospital of Southwest Florida and The Rehabilitation Hospital. With a total of 1426 beds, and over one million patient contacts each year, Lee Health is the largest public health system in the state of Florida. Florida Gulf Coast University is situated seven miles from the La Quinta Inn & Suites which is made up of approximately 13,700 students. The subject property is also located 13 miles from the Key West Express; the Key West Express is a popular ferry that provides daily trips to and from Key West. Investment Opportunity: The La Quinta Inn & Suites presents a new investor the opportunity to acquire an upper mid-scale hotel in a market that is fueled by a healthy blend of leisure and business generators. The seller is an absentee owner, which provides an upside opportunity for a new operator, by containing extraordinary expenses. Further, upon completion of a Property Improvement Plan, the hotel will be better positioned to compete with its competitive set, which should allow for an increase in the hotel’s RevPAR penetration – currently (year-end 2017) the La Quinta Inn & Suites is ranked number 4 out of 6 hotels with a 92.7 percent index.