The Hampton Inn and suites consists of 73 rooms and suites. The hotel was built in 1999 and underwent a complete renovation in 2019 . The hotel offers 24-hour business center and 666-square-foot meeting facility for corporate needs. free high-speed internet access, a desk and phone, pantry with a mini-fridge, coffee maker and microwave.The franchise license agreement will be extended to the new ownership. a light PIP maybe required to complete upon change of ownershership.
Excellent Location on I-4 corridor between Tampa and Orlando. The Hampton Inn & Suites lakeland is located at exit 33 off I-4 with great access and visbility from I-4. The Hotel is within close proximity to lakeland most dynamic demand drivers including: lakeland Downtown, Lakeland Air show, golf courses, shopping and dining destinations. lakeland, recognized as one of the top lodging investment submarkets in Florida, has experienced unparalleled growth in leisure demand. Given the scarcity of permits and the high cost of land in the area, this offering represents a distinctive opportunity to enter a market with substantial barriers to entry.
Investment Opportunity
The Hotel has seen a significant increase in performance since 2019 and significant upside remains for a new owner to capitalize on the recently completed renovations as well as a change of ownership PIP and drive RevPAR and NOI well beyond in-place metrics without any disruption to operations.
The Hotel is being offered unencumbered of current management and any debt with a possible 12 year franchise term from Hilton.
The Franchise
The franchise license is considered an exceptionally valuable asset of the Hampton Inn & Suites Hotel. It provides a high level of traveler allegiance and recognition, an excellent computerized reservation system, and Hilton’s popular Hilton Honors Rewards program where guests earn free lodging.
Location Summary
Excellent Location on I4 corridor between Tampa and Orlando. The Hampton Inn & Suites lakeland is located at exit 33 off I-4 with great access and visbility from I-4. The Hotel is within close proximity to lakeland most dynamic demand drivers including: lakeland Downtown, Lakeland Air show, golf courses, shopping and dining destinations. lakeland, recognized as one of the top lodging investment submarkets in Florida, has experienced unparalleled growth in leisure demand. Given the scarcity of permits and the high cost of land in the area, this offering represents a distinctive opportunity to enter a market with substantial barriers to entry.
Points of Interests
Joker Merchant Stadium “Tiger Tow
Lake Parker Sport Complex
Fantasy of Flights
HOLLIS GARDEN
Florida Southern College campus.
Publix Headquarters
