Marcus & Millichap is pleased to offer for sale a fee simple interest in the 67-unit Comfort Inn & Suites Midway – Tallahassee West, located in Midway, Florida. The subject property was recently renovated and offers updated common areas and guest rooms. Some common area amenities include complimentary breakfast, business center, meeting room, free on-site parking, and a ﬁtness center. The hotel features a seasonal outdoor swimming pool as well. Each guest room comes equipped with free Wi-Fi, ﬂat screen TV with premium channels, iron and ironing board, in-room coffee maker, and desk with chair. Suites provide extra seating areas and sleeping arrangements with sofa beds.
The Comfort Inn & Suites is situated in a highly trafﬁcked intersection of US-90 and Interstate-10, creating high visibility and accessibility for the property. The state capital, Tallahassee, is located just over 10 miles from the subject property and features many demand generators. In the heart of Tallahassee is Florida State University, which is ranked in the top 20 of national public universities and has an enrollment of over 32,000 students. Florida State University offers all levels of programs from undergraduate to doctoral and features a Division 1, NCAA football program that generates a lot of interest during the fall football season. The city of Tallahassee is known for being the state capitol of Florida and features the 3rd tallest capitol building in the United States. Attractions in Tallahassee include the Museum of Fine Arts, Alfred B. MacClay Gardens State Park, Florida Historic State Capitol Museum, and the Challenger Learning Center. For easy traveling, the Tallahassee International Airport is located within 10.5 miles of the hotel. The Tallahassee submarket contains around 6,900 hotel rooms, and houses 80 of the Florida Panhandle market’s 545 hotel properties. While Florida Panhandle as a whole is characterized by smaller hotels (relative to the national norm), hotels in Tallahassee are a bit larger, and contain 86 rooms on average. That’s above the 77-room-per-building market-wide norm, but not a significant deviation from the overall U.S. average.