Microtel Inn & Suites Jacksonville Airport | 13200 International Airport Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Microtel Inn & Suites Jacksonville Airport 13200 International Airport Blvd
78 Hotel Rooms Online Auction Sale Jacksonville, FL 32218
You have won the auction!
Please check your email for next steps from the Contracts & Closing Team.
The bid amount you entered is less than the next minimum bid amount, please try again
Confirm your bid amount of
{{Auction.BidAmount}}
Investment Highlights
- Microtel Inn & Suites boasts a superior location and is the second-closest hotel to the airport, offering guests convenient access.
- Microtel Inn & Suites is near booming Jacksonville, Florida, the fourth-fastest growing metro in the US, and the fastest-growing city in the state.
- Jacksonville's Hospitality Market thrives thanks to its appeal to nearby population centers in Alabama and Georgia, plus its array of attractions.
- Offered fully unencumbered, a new owner/operator is presented with maximum flexibility to implement their own business plan and vision for the hotel.
- Hotel offers essential amenities, including an airport shuttle, breakfast, parking, Wi-Fi, business center, and an outdoor pool.
Executive Summary
The Microtel Inn and Suites by Wyndham is a premium hotel offering a prominent position to demand drivers at 13200 International Airport Boulevard in Jacksonville, Florida. The hotel totals 78 guest rooms spread across three stories and 171,000 square feet of space. Key amenities at this location include complimentary breakfast, Wi-Fi, parking, an outdoor pool, and a business center. This economy hospitality asset generates heavy demand thanks to its location adjacent to the Jacksonville International Airport. Specifically, this property operates on a ground lease within the greater parcel of the airport, providing it near immediate access to the many travelers the airport accommodates. The hotel offers an airport shuttle service, an additional amenity that helps the hotel appeal to travelers. This Microtel Inn and Suites provides a new investor with an immense opportunity to acquire a sought-after, well-equipped hospitality asset bolstered by its location and well-known Wyndham branding.
Jacksonville's Hospitality Market generates consistent and significant hotel demand that services nearly all of Northeast Florida. Jacksonville's proximity to major population hubs in Alabama and Georgia and being easily accessible through Interstate 95 attracts budget-friendly visitors, as the Jacksonville area serves as a relatively affordable alternative compared to the likes of Miami, Orlando, and Tampa. Leisure demand is generated by the long coastline, which offers a wide range of options. In addition, year-round events, such as the NAS Jacksonville Airshow, with over 300,000 people in attendance, music festivals, and sporting events, further support transient leisure demand.
The St. Johns Town Center, an upscale super-regional open-air mall, the University of North Florida, the Mayo Clinic, and the Baptist Medical Center are among the market's top demand generators. Notable large infrastructure projects in the metro that will support hotel demand include the $45 million upgrade project at the Jacksonville Port (JAXPORT), expected to be completed by the end of 2025, and the $1.37 billion widening project on Interstate 95 through 2029. The Jacksonville International Airport, the primary demand driver for this asset, saw almost 7.5 million passengers in 2023, which is only expected to increase once the statistics for 2024 are announced substantially. The airport services various airlines, including American Airlines, Delta, United, Breeze, Air Canada, Allegiant, Southwest, and Frontier. Jacksonville's Airport ranked number two in the country for overall customer satisfaction.
Do not miss the opportunity to acquire a highly sought-after asset just minutes from the heavily utilized Jacksonville International Airport, with immense Wyndham brand recognition.
Jacksonville's Hospitality Market generates consistent and significant hotel demand that services nearly all of Northeast Florida. Jacksonville's proximity to major population hubs in Alabama and Georgia and being easily accessible through Interstate 95 attracts budget-friendly visitors, as the Jacksonville area serves as a relatively affordable alternative compared to the likes of Miami, Orlando, and Tampa. Leisure demand is generated by the long coastline, which offers a wide range of options. In addition, year-round events, such as the NAS Jacksonville Airshow, with over 300,000 people in attendance, music festivals, and sporting events, further support transient leisure demand.
The St. Johns Town Center, an upscale super-regional open-air mall, the University of North Florida, the Mayo Clinic, and the Baptist Medical Center are among the market's top demand generators. Notable large infrastructure projects in the metro that will support hotel demand include the $45 million upgrade project at the Jacksonville Port (JAXPORT), expected to be completed by the end of 2025, and the $1.37 billion widening project on Interstate 95 through 2029. The Jacksonville International Airport, the primary demand driver for this asset, saw almost 7.5 million passengers in 2023, which is only expected to increase once the statistics for 2024 are announced substantially. The airport services various airlines, including American Airlines, Delta, United, Breeze, Air Canada, Allegiant, Southwest, and Frontier. Jacksonville's Airport ranked number two in the country for overall customer satisfaction.
Do not miss the opportunity to acquire a highly sought-after asset just minutes from the heavily utilized Jacksonville International Airport, with immense Wyndham brand recognition.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
{{summary.v}}
{{summary.t}}
{{headerValue}}
{{rowValue.t}}
{{rowValue.to}}
{{rowValue.l}}
{{rowValue.h}}
{{summary.v}}
{{summary.t}}
{{headerValue}}
{{rowValue.t}}
{{rowValue.a}}
{{rowValue.l}}
{{rowValue.h}}
{{rowValue.m}}
Market Sale Price per Room
Jacksonville - FL USA
Market Cap Rate
Jacksonville - FL USA
Market Sale Price per Room by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Cap Rate by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Sale Price per Room Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Building Size | 171,168 SF |
| Sale Conditions | Auction Sale | No. Rooms | 78 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2008 |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.22 AC |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.22 AC |
| Building Size | 171,168 SF |
| No. Rooms | 78 |
| No. Stories | 3 |
| Year Built | 2008 |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $183.87 CAD | - |
| Guest Room | 63 | $139.34 CAD | - |
1 of 1
About Jacksonville/Airport
Visitors are drawn to Jacksonville for the 22 miles of beaches, family-friendly museums and attractions, and world-class golf courses. The downtown/airport area of Jacksonville is home to Jacksonville Zoo and Gardens; Splash Ground; and TIAA Bank Field, where the Jacksonville Jaguars compete in the National Football League.
Jacksonville’s economy is well-diversified across industries such as financial services, distribution, biomedical technology, manufacturing, tourism, and more. The downtown Jacksonville area attracts weekday lodging demand from several large companies including CSX Corporation, TIAA Bank, Fidelity National Financial, The Haskell Company, and Fidelity Information Services (FIS). This area is also a regional medical hub that includes large medical centers such as Memorial Hospital and Wolfson Children’s Hospital.
Jacksonville is located 25 miles south of the Georgia state line at the intersection of interstates 10 and 95, which connect the area to major population centers such as Washington D.C., Miami, and Houston. Nearly 6 million passengers travel through Jacksonville International Airport (JAX) on seven major airlines each year.
PROPERTY TAXES
| Parcel Number | 019280-0090 | Improvements Assessment | $24,639,567 CAD |
| Land Assessment | $14,085,754 CAD | Total Assessment | $38,725,321 CAD |
PROPERTY TAXES
Parcel Number
019280-0090
Land Assessment
$14,085,754 CAD
Improvements Assessment
$24,639,567 CAD
Total Assessment
$38,725,321 CAD
zoning
| Zoning Code | PBF-3 |
| PBF-3 |
Sale Advisors
Sale Advisors
Steve Leslie, Vice President, Hotels & Hospitality Group
(678) 595-1798
Contact
Steve Leslie is a Vice President with JLL’s Hotels & Hospitality Group and is responsible for the comprehensive underwriting, marketing, structuring and closing of upscale and middle market select service transactions. Mr. Leslie was promoted within JLL in 2015 and is focused on building JLL’s select service investment sales platform across the southeast.
Mr. Leslie has represented a broad range of clientele including Noble Investment Group, Goldman Sachs, Extended Stay America, Colony Capital, Westmont Hospitality, Blackstone and numerous other private clients in the disposition of over 150 hotels.
Representative recent transactions Mr. Leslie has played a direct role in include the $300-million sale of the Longhouse Portfolio, the $285-million sale of ESA's Crossland portfolio, $35-million sale of the aloft Nashville West End, the $37-million sale of the aloft Charlotte Epicentre; the $76-million sale of the TownePlace Suites Denver Portfolio; the $70-million sale of the RLJ Portfolio; the $7-million sale of the Hampton Inn Houma; the $24-million sale of the Baymont Inn Portfolio and the $7-million sale of the Brookshire Suites located in Baltimore's Inner Harbor.
Mr. Leslie has represented a broad range of clientele including Noble Investment Group, Goldman Sachs, Extended Stay America, Colony Capital, Westmont Hospitality, Blackstone and numerous other private clients in the disposition of over 150 hotels.
Representative recent transactions Mr. Leslie has played a direct role in include the $300-million sale of the Longhouse Portfolio, the $285-million sale of ESA's Crossland portfolio, $35-million sale of the aloft Nashville West End, the $37-million sale of the aloft Charlotte Epicentre; the $76-million sale of the TownePlace Suites Denver Portfolio; the $70-million sale of the RLJ Portfolio; the $7-million sale of the Hampton Inn Houma; the $24-million sale of the Baymont Inn Portfolio and the $7-million sale of the Brookshire Suites located in Baltimore's Inner Harbor.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
1 of 21
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
1 of 1
Presented by
Microtel Inn & Suites Jacksonville Airport | 13200 International Airport Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Microtel Inn & Suites Jacksonville Airport | 13200 International Airport Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.