Clarion Pointe Tallahassee-State Capitol 2702 N Monroe St
58 Room Hotel Tallahassee, FL 32303 $9,069,965 CAD ($156,379 CAD/Room) 12.15% Cap Rate
![2702 N Monroe St, Tallahassee, FL for sale - Building Photo - Image 1 of 19](https://images.loopnet.ca/i2/_o_6Z2regpNVj74632yKXcshYtD2Do4Zc_KtyLrOGzs/110/2702-N-Monroe-St-Tallahassee-FL-Building-Photo-1-Large.png)
![2702 N Monroe St, Tallahassee, FL for sale - Building Photo - Image 2 of 19](https://images.loopnet.ca/i2/Bj9P4oRS1_2oIrw251oMgf4hFg-wGYCw1DnphRKPAzA/110/2702-N-Monroe-St-Tallahassee-FL-Building-Photo-2-Large.png)
![2702 N Monroe St, Tallahassee, FL for sale - Interior Photo - Image 3 of 19](https://images.loopnet.ca/i2/hqdXjenNXQEYpMpSdoRC-9oMrECWNzdrma2FzxDOG7s/110/2702-N-Monroe-St-Tallahassee-FL-Interior-Photo-3-Large.png)
INVESTMENT HIGHLIGHTS
- Contemporary Hotel for Sale in the Heart of Tallahassee Florida
- Newly Renovated Artistic Hotel
- 2024 Revenue: $1,786,000 / 3.58x RRM
- 58 Rooms I 3 Stories I Interior Corridor
- Last 3 Years Room Revenue Average of $1,750,000+
EXECUTIVE SUMMARY
Contemporary Hotel for Sale in the Heart of Tallahassee
Step into a modern oasis that offers guests the perfect blend of comfort, convenience, and style. This turnkey 58-room hotel is an excellent opportunity for investors seeking a prime property with strong potential in Florida’s vibrant capital city.
Guest Experience Highlights
• Begin the day with a delightful breakfast while staying connected at our convenient business portals or charging stations.
• Maintain your wellness routine in the fully equipped fitness center or unwind in the serene ambiance of the back patio.
• Each room is thoughtfully designed, featuring:
• Mini fridge and microwave for added convenience.
• Dimmer lights and a sleep sound alarm clock to enhance relaxation.
• Ample ports for device connectivity.
• Refreshed bedding, sleek furniture, and updated bathrooms, all curated to deliver a modern, comfortable stay.
Investment Highlights
• 58 Modern Rooms: Uniquely designed with contemporary amenities that cater to the needs of today’s travelers.
• Prime Location: Situated near key attractions including the Capitol, universities, stadiums, museums, parks, and other major landmarks, ensuring a steady flow of guests.
• Renovation Completed: Recently underwent a complete renovation to meet current market standards. No Property Improvement Plan (PIP) required.
• High Revenue Potential: Opportunities to increase Net Operating Income (NOI) by implementing cost-efficient strategies in operations, management, and supply chain processes.
• Proven Reputation: Established clientele and exceptional service record offer a strong foundation for continued success.
This is an exceptional opportunity to own a hotel in a prime market with no additional capital expenses needed. Ideal for investors looking to expand or establish their portfolio in a thriving destination.
* Since this is an operating hotel, please do not visit the property without prior schedule. A property representative can prepare a walk through for you.
Step into a modern oasis that offers guests the perfect blend of comfort, convenience, and style. This turnkey 58-room hotel is an excellent opportunity for investors seeking a prime property with strong potential in Florida’s vibrant capital city.
Guest Experience Highlights
• Begin the day with a delightful breakfast while staying connected at our convenient business portals or charging stations.
• Maintain your wellness routine in the fully equipped fitness center or unwind in the serene ambiance of the back patio.
• Each room is thoughtfully designed, featuring:
• Mini fridge and microwave for added convenience.
• Dimmer lights and a sleep sound alarm clock to enhance relaxation.
• Ample ports for device connectivity.
• Refreshed bedding, sleek furniture, and updated bathrooms, all curated to deliver a modern, comfortable stay.
Investment Highlights
• 58 Modern Rooms: Uniquely designed with contemporary amenities that cater to the needs of today’s travelers.
• Prime Location: Situated near key attractions including the Capitol, universities, stadiums, museums, parks, and other major landmarks, ensuring a steady flow of guests.
• Renovation Completed: Recently underwent a complete renovation to meet current market standards. No Property Improvement Plan (PIP) required.
• High Revenue Potential: Opportunities to increase Net Operating Income (NOI) by implementing cost-efficient strategies in operations, management, and supply chain processes.
• Proven Reputation: Established clientele and exceptional service record offer a strong foundation for continued success.
This is an exceptional opportunity to own a hotel in a prime market with no additional capital expenses needed. Ideal for investors looking to expand or establish their portfolio in a thriving destination.
* Since this is an operating hotel, please do not visit the property without prior schedule. A property representative can prepare a walk through for you.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
Price | $9,069,965 CAD |
Price Per Room | $156,379 CAD |
Sale Type | Investment |
Cap Rate | 12.15% |
Sale Condition | Business Value Included |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 1.13 AC |
Building Size | 23,151 SF |
No. Rooms | 58 |
No. Stories | 3 |
Year Built/Renovated | 1988/2021 |
Parking Ratio | 2.59/1,000 SF |
Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
---|---|---|---|
Guest Room | 58 | $151.76 CAD | - |
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PROPERTY TAXES
Parcel Number | 21-23-20-009-000.0 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $1,768,706 CAD |
ZONING
Zoning Code | CP |