The Cambria Suites is a full service interior corridor 5 story hotel under development and slated to open in the second quarter of 2023. Featuring 118 well appointed guestrooms suites, the Cambria suites is ideally suited for leisure and business guests. Each guestroom offers the latest in room amenities with high speed internet, flat screen TVs, a work desk and 2 person sleeping sofa, mini fridge and coffee machine
The hotel offers valet parking, a large outdoor rooftop swimming pool, a business center, and a fitness center. In addition, the hotel offers multiple meeting rooms, 2 onsite restaurants with full liquor bars in main lobby and on the roof top.
Investment Summary
The Asset:
Cambria Suites benefits from its frontage location on International drive. across from, major restaurants and shopping malls. it's immediate proximity to Universal Studios and the Convention Center allows it to position itself to cater to business and leisure travelers.
This asset will be a great addition to one‘s portfolio given the national brand recognition and the potential business opportunity in the immediate market.
Property Improvement Plan (PIP):
the hotel will be delivered new, free and clear of any PIP requirements by the franchise.
The brand:
The Cambria Hotels brand has been a major growth driver for the company. During the second quarter of 2021, the number of domestic hotels in the upscale segment rose 24% year over year owing to an increase in room count of 11% for the Cambria Hotels brand and 28% for the Ascend Hotel Collection. With 60 Cambria hotels open, the company stated that the brand has entered eight of the top 10 markets and 36 of the top 50 in the United States. Going forward, the company anticipates ramped-up expansion across major U.S. cities like Orlando, Chicago, Los Angeles, Nashville, New Orleans, Phoenix and Washington, D.C.
The Franchise:
Choice Hotels International (NYSE: CHH) is one of the largest and most successful lodging franchisors in the world. Choice currently franchises more than 7,000 hotels, representing nearly 570,000 rooms, in more than 40 countries and territories. Ranging from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments, Choice-branded properties provide business and leisure travelers with a range of high-quality, high-value lodging options throughout the United States and internationally.
Management and Debt
The hotel is offered unencumbered of any management and debt
Exellent Location
Within walking distance to Restaurants and shops
Minutes to the convention center
International Drive frontage
Across street from the Wet & Wild
Minutes to Sea World
Minutes to Universal Studios
Minutes to Disney world
Outlet Malls and shopping malls are within 5 minute drive from the hotel
15 min to Orlando International Airport
The Cambria Suites is located on International drive, with close proximity to Universal Studios and the Orange county convention center. The hotel has the distinct advantage of being located immediately in the heart of the business and leisure districts. Sea World and Universal theme parks are within minutes from the hotel, while major shopping and outlet malls are also within a few minutes from the property.
Orlando International Airport is only 20 minutes from the hotel, while Downtown Orlando is a few miles north of the property.
