Fairfield Inn & Suites Tampa North
 
12260 Morris Bridge Rd Tampa FL 33637
$10,200,000
List Price
2.68 %
Cap Rate
82
Total Rooms
$272,852
NOI
Investment Summary
  • Excellent Location: The Hotel is strategically located in the New Tampa area approximately 15 miles northeast of downtown Tampa and its magnitude of demand generators. The Hotel is conveniently located off I-75, and its within a few minutes from the University of South Florida, the Moffit Center and the Hospital as well as the theme parks, Busch Gardens, and adventure island.
  • Built in 1998, The property is an interior corridor hotel featuring 82 rooms and conveniently located off I-75 and sits on 4.49 acres in the quaint suburb of Tampa. The hotel was totally renovated in 2018, and 2019 to meet the new requirements from Marriott's new design for Fairfield Brand. The hotel features King Suites with separate living area and beautifully appointed rooms with 2 doubles beds or 1 king bed, all accommodations distinguish the comforts of Marriott's new sleep experience program.
  • The hotel features a 24-hour market to get snacks or beverages and 24-hour fitness room and business center. Fairfield Inn & Suites Tampa North is perfect for the business traveler or a family vacation. The property provides the opportunity for a new owner to inherit a great franchise flag with completed PIP, boosting occupancy and average daily rate.
Franchise
  • Franchise License The franchise license is considered an exceptionally valuable asset of the Fairfield Inn & Suites Hotel. It provides a high level of traveler allegiance and recognition, an excellent computerized reservation system, and Marriott’s popular Marriott Bonvoy Rewards program where guests earn free lodging.
  • Unencumbered by Management and debt
Location
  • The property benefits from many attractions and demand generators such as The Hard Rock Hotel and Casino, Channel Side, Ybor City, and Tampa’s white sandy beaches. The Fairfield Inn & Suites is just three miles to the University of South Florida and only six miles to Busch Gardens and Adventure Island, Amusement Park.
  • Tampa is widely recognized as one of the key metropolitan areas within the Southeast. The Tampa metropolitan area maintains a population of approximately 2.9 million, representing the 18th most populated metropolitan area in the United States.
  • The region also represents the 2nd largest metropolitan area in Florida and the 3rd largest metropolitan area in the southeastern United States (behind only Miami and Atlanta). Tampa features a unique blend of events, attractions and activities, which help to create one of the premier leisure destination in the southeastern United States. The Hotel is specifically located in the New Tampa area approximately 15 miles northeast of downtown Tampa. This submarket - considered part of the Tampa North/Busch Gardens submarket - has experienced tremendous growth over the past two decades and has become one of greater Tampa's more popular residential development areas. It is also home to numerous commercial demand generators, the University of South Florida, several medical facilities, and variety recreational activities and attractions such as Busch Gardens, Adventure Island, and the Museum of Science & Industry.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
Valerie Garcia
Senior Investment Associate
(813) 613-2713
vgarcia@mazilihotelgroup.com