Comfort Suites
 
5421 W Waters Ave Tampa FL 33634
$12,500,000
List Price
7.97 %
Cap Rate
90
Total Rooms
$996,439
NOI
Investment Consideration
  • Unencumbered by Management The Hampton Inn & Suites Hotel is being offered unencumbered by current management, and debt.
  • Franchise License The Hotel is franchised with Choice hotels International. The company, which is one of the largest hotel chains in the world, owns several hotel brands ranging from upscale to economy. As of June 30, 2020, Choice Hotels franchised 7,118 properties in 41 countries and territories worldwide, with approximately 597,018 rooms, in addition to 1,035 hotels under construction with 85,129.
  • Property Improvement Plan (PIP) Upon change of ownership, it is anticipated that Choice Hotels will require the new owner to complete a minimal change of ownership PIP. This PIP will require certain improvements, upgrades to the hotel as a condition of the issuance of a new franchise. The Buyer will be responsible for all repairs and renovations needed to satisfy these requirements.
Property Overview
  • Guest Rooms The Comfort Suites contains large suites which feature separate bedrooms and living areas, and the convenient wet bar with microwave and mini-fridge provides the perfect snack station.
  • Dining The Comfort Suites offers free continental breakfast to its guests. For outdoor dining, there are a multitude of choices when it comes to dining. American and international food are just a walking distance from the hotel. there are a few chain restaurants and fast food within walking distance. Additional Amenities The hotel offers 24 access to the fitness center, as well as the business center which is located on the main floor. in addition, there's an outdoor pool for guests' convenience, and a meeting room.
Property Location
  • Excellent Location The Comfort Suites® Tampa Airport North hotel is convenient to the area’s attractions, located close to the Tampa International Airport, which is a little more than 7 miles from the hotel. The hotel is just off of the Veterans Expressway and close to I-275 makes it easy to navigate around Tampa and the city’s attractions, including Busch Gardens Tampa Bay, Ybor City, The Florida Aquarium, shopping at International Plaza and Bay Street, and concerts and sporting events at Raymond James Stadium and Amalie Arena. As far as academics and business, our hotel is also near University of South Florida and Hillsborough Community College, and it’s easy to access the University of Tampa and Tampa Convention Center downtown.
  • As far as academics and business, the hotel is also near University of South Florida and Hillsborough Community College, and it’s easy to access the University of Tampa and Tampa Convention Center downtown. AMC theater and and other entertainment venues are just a few minutes drive from the hotel.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
Trishaul Kumar
Senior Associate
(813) 868-1880
tkumar@mazilihotelgroup.com
Valerie Garcia
Senior Investment Associate
(813) 613-2713
vgarcia@mazilihotelgroup.com