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

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.

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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 -

PROPERTY TAXES

ZONING

Zoning Code CP
  • Listing ID: 34540233

  • Date on Market: 2025-01-19

  • Last Updated:

  • Address: 2702 N Monroe St, Tallahassee, FL 32303