Comfort Inn & Suites Tallahassee West

  • Pricing Guidance
    $6,750,000
  • Room Count
    67
  • Approximate Revenue (2021)
    $1.6MM
  • Approximate NOI (2021)
    $600k
  • Year Built
    2008
  • Property Type
    Select Service
  • Acreage
    2.3
  • Estimated Return
    27.13%

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.

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Contact Agent

agent

Jack Davis

First Vice President - Hospitality Division

151 Meeting Street
Suite 450
Charleston, SC 29401

843-952-2253

jack.davis@marcusmillichap.com

contact agent

    Contact Agent

    agent

    Milin Mehta

    Associate - Hospitality Division

    201 S. Tryon St.
    Suite 1220
    Charlotte, NC 28202

    336-587-3465

    milin.mehta@marcusmillichap.com

    contact agent

      Contact Agent

      agent

      Joe Simpson

      Associate - Hospitality Division

      151 Meeting Street
      Suite 450
      Charleston, SC 29401

      843-952-2263

      joe.simpson@marcusmillichap.com

      contact agent

        Contact Agent

        agent

        Joce Messinger

        First Vice President - Hospitality Division

        151 Meeting Street
        Suite 450
        Charleston, SC 29401

        843-952-2255

        joce.messinger@marcusmillichap.com

        contact agent