Best Western Venice
 
400 Commercial Ct Venice FL 34292
$9,500,000
List Price
4.37 %
Cap Rate
83
Total Rooms
$415,032
NOI
Investment Consideration
  • Unencumbered by Management The Best Western Plus Hotel is being offered unencumbered by current management, and debt.
  • Franchise License The Hotel is franchised with Best Western International.
  • Property Improvement Plan (PIP) Upon change of ownership, it is anticipated that Best Western 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 Hotel 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 best western 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, a meeting room, and charging stations in the parking lot for electric vehicles.
Property Location
  • Excellent Location The hotel is located on Interstate 75 with easy access in and out . The beaches are only a few miles away. Sarasota Airport is about 20 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