Sleep Inn Ormond Beach
 
170 Williamson Blvd Ormond Beach FL 32174
$7,800,000
List Price
6.80 %
Cap Rate
82
Total Rooms
$530,631
NOI
Investment Overview
  • Mazili Hotel group is please to offer this profitable Hospitality Investment: Located in the thriving city of Ormond Beach, Florida, just outside of Daytona Beach and an hour away from Orlando, this 82-room Sleep Inn offers an incredible opportunity for investors seeking a high return on investment. With its close proximity to the Ormond Beach Municipal Airport (6 miles) and Daytona Beach International Airport (7 miles), this hotel is perfectly positioned to attract both business and leisure travelers. Additionally, being just a short drive from the world-renowned beaches and the iconic Daytona International Speedway, this property is poised to capitalize on the booming tourism industry in the area.
  • Situated in the heart of Ormond Beach, this hospitality gem is poised to attract a steady stream of tourists, ensuring a consistent flow of income. Its prime location near the renowned Daytona International Speedway and other popular attractions guarantees a high occupancy rate throughout the year. Plus, with the efficient operational structure and strong brand recognition of the Sleep Inn chain, long-term profitability is practically guaranteed. Don't let this golden opportunity slip through your fingers – invest now and watch your returns soar!
Investment Highlights
  • Recently renovated with minimal expected PIP or renovations for buyer, this Hospitality property in Ormond Beach, Florida is a prime investment opportunity. With the city's rapid expansion and numerous development projects in the area, including the nearby Ormond Crossings, a 3,000-acre mixed-use development site, the potential for ROI is immense.
  • Situated directly off of North US Highway 1, the property benefits from a high traffic location. With an Average Annual Daily Traffic (AADT) count of approximately 21,000 vehicles per day in the Southeast section of North US Highway 1 and Interstate 95, this property offers excellent visibility and accessibility for potential customers.
  • The Sleep Inn performing well against its competitors. However, with a hands-on owner/operator, there is significant potential to further increase revenue and better control expenses. Take advantage of the opportunity to maximize returns by implementing your own management strategies.
  • One of the property's key advantages is its proximity to Destination Daytona, the official meet-up location for popular motorcycle events such as Biketoberfest and Bike Week. With over 600,000 tourists visiting these events annually, the potential for attracting a steady stream of customers is undeniable. Additionally, the property's affiliation with Choice Hotels, one of the world's largest hotel chains, provides a strong foundation for success. With its recent renovations, strategic location, potential for revenue growth, and affiliation with Choice Hotels, this Hospitality property in Ormond Beach is sure to ignite your passion for ROI. Take the reins and unlock the full potential of this property for your financial success.
The Franchise
  • Choice Hotels International, Inc. is an American multinational hospitality company based in Rockville, Maryland. The company, which is one of the largest hotel chains in the world, owns several hotel brands ranging from upscale to economy. As of 2020, Choice Hotels franchised more than 7,100 hotels in more than 40 countries and territories worldwide, representing nearly 600,000 rooms, in addition to 1,035 hotels under construction with more than 85,000 rooms
Excellent Location
  • Sleep Inn location off I-95 in Ormond Beach is ideal for exploring all that this part of the Florida coastline has to offer. To the south, take in a race at Daytona International Speedway, tee off at LPGA International, or visit Embry-Riddle Aeronautical University. Head east and find yourself in Ormond Beach, at Ormond Memorial Art Museum & Gardens and just beyond, on the beaches of the Atlantic Ocean. Outdoor enthusiasts will appreciate that the hotel also provides easy access to Tomoka State Park, the Ormond Scenic Loop and Trail, and Andy Romano Beachfront Park.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
Btissam Jaafar
Senior Investment Associate
(407) 592-7789
btissam@mazilihotelgroup.com