Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the premium branded Fairfield Inn & Suites Jacksonville Airport.
The Fairfield Inn and Suites is a select service 3-story interior corridor hotel located in Jacksonville, FL. The hotel is located within a short distance to Jacksonville International Airport, Jacksonville Cruise Port, major business districts, Shopping Malls, and just minutes to Downtown Jacksonville.
Demand Generators:
The property is ideally located near major industrial business parks including:
Jacksonville International Trade port
Amazon Distribution center
UF Health Jacksonville
TIAA Bank Field
Jacksonville Zoo & Gardens
Property Overview
The asset was built in 1999 and features 107 rooms and suites.
Guest rooms in the Fairfield Inn are furnished with comfortable amenities and modern décor. Guest rooms include premier linens, Flat screen TVs, iron and ironing board, work desk, chair, and complimentary Wi-Fi. Suites feature 37-inch flatscreen televisions. It is ideally suited for business and leisure travelers.
Amenities:
On site amenities include an outdoor heated pool, fitness center, business center, spacious lobby, vending area, Guest laundry, and a meeting room of 400 sq/ft of meeting space as well as a shuttle service to the Airport and nearby restaurants.
Investment Highlights
The hotel opened in 1999, and presents itself as a Great Asset with great return potential for savvy investors. The Fairfield Inn & Suites is one of the leading Select Service brands in the industry and a leader in select service tier hotels in the world. The hotel benefits from its proximity to major demand generators and local attractions.
Current ownership have invested heavily in the property for the past two years. Among major renovations completed in recent months are:
New Roof,
new room locks,
New signage,
Fire light and safety,
New pool furniture.
Marriott Affiliation:
Marriott’s Fairfield Inn & Suites brand is one of the strongest brands in the Marriott family. Premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as name recognition. All Marriott properties are backed by the Marriott Bonvoy rewards program, which boasts over 120 million members across 30 brands and more than 7,900 hotels worldwide.
Below Replacement Costs:
The Fairfield Inn & Suites Jacksonville Airport is being offered at a discount to replacement cost with construction costs at an all-time high.
Management and Debt:
The Fairfield Inn & Suites Jacksonville Airport is being offered unencumbered of current management and debt.
Property Improvement Plan:
Upon the change of ownership, it is anticipated Marriott will require the new owner to complete a change of ownership PIP. With the completion of the PIP, the new owner will have the opportunity to increase revenue as well as receive an issuance of a new, Fairfield Inn & Suites franchise.
The estimated cost for the PIP is approximately $2.5 Million.
Excellent Airport Location
The Fairfield Inn & Suites is located on Airport Rd, just West of Interstate 95 and ideally located near Jacksonville International Airport. The hotel is also minutes away from Entertainment districts, Downtown Jacksonville and Jacksonville beach.
Points of Interest
Amazon Distribution Center
Jacksonville Zoo & Garden
UF Health Jacksonville
Downtown Jacksonville
