1 Hotel includes 100 rooms on 4.51 acres + full bar + liquor license + restaurant + kitchen + More details , HS Listing ID-18523. Being sold "As is Where is" Get notified when we have new listings available for florida hurricane damaged. and provides said information without warranties of any kind. The share of hotels behind on their mortgages rose to just over 18% in December, up from less than 2% a year ago, according to Fitch Ratings. Los Angeles-based Bainbridge DXS and its management wing, Torrey Pines Hotel Group, plan to acquire up to 200 properties over the next 15 years with a focus on distressed properties, according to the Los Angeles Business Journal. First Name - Non-union, branded hotel. -TTM November 2022 RevPAR: $94, To ensure that you are receiving the right inventory from HVS, please update your buyers need/acquisition, Copyrights 2023 All Rights Reserved by HVS, - Under Contract within 30 Days of Going to Market, Brand & Management Selection and Contract Negotiations, Convention, Sports & Entertainment Facilities, - High Barriers to Entry, Beach Market 3 Minute Walk to Beach, - Below-Replacement-Cost Investment at $75K Per Room, - On-Site 2 Bedroom, 1 Bathroom Managers Apartment, - High Barriers to Entry, Beach Market 4 Minute Walk to Beach, - Stable 10 Year Historical Revenue Average of $1,659,579, - TYD 2023 Room Revenue up 40% Compared to Last Year, - Priced Well Below Replacement Cost, at Less Than $40,000 Per Key, - Two Managers Apartments on Property with 4 Bedrooms, 2 Bathrooms, - Recently Completed Renovation to the Property, - Below-Replacement-Cost at $59,000 Per Key, - On-Site Living Quarters, Ideal for Owner/Operator, - Conversion Opportunity to Spark by Hilton, - Opportunity to Increase Revenue by Meeting Market RevPAR, - Below Replacement Cost at $30,882 Per Key, - Onsite Living Quarters, Ideal for Owner/Operator, - Underperforming Market RevPAR for Running 12 Months, - Stable Room Revenues Averaging $883,118 the Past 10 Years, - Below Replacement Cost at $49,152 Per Key, - Strong Historical Financial Performance, - Below Replacement Cost at $71,951 Per Key, - Ideal Opportunity for an Owner/Operator to Increase Performance, - Strong Historical Rooms Revenue Performance, - Excellent Visibility & Accessibility along Interstate 10, - National Marketing Campaign Yielded 16 Offers, - National Marketing Campaign Yielded Multiple Offers, - All-Cash Buyer that Closed Within 30-Days, - Off-Market Transaction with Targeted Marketing Process, - Out-of-State Buyer that Closed Within 15-Days, -National Marketing Campaign Yielded Multiple Offers, - Distressed Asset, National Marketing Campaign Yielded 17 Offers, - Out-of-State Buyer, Converting to Alternative Use, - Marketing Completed during COVID-19 Pandemic, -Distressed Asset, National Marketing Campaign Yielded Multiple Offers, -Transaction Closed in Less than 45 Days, - Distressed Asset, National Marketing Campaign Yielded Multiple Offers, -Closed in Cooperation with Ten-X Auction, - National Marketing Campaign Yielded 7 Written Offers, - Distressed Asset Acquired All Cash and Closed in Less than 60 Days, - Transaction Closed in Less than 60 Days with Significant Non-Refundable Deposit Day 1 of Contract, - Fully Entitled Development Project in Dallas MSA, - National Marketing Campaign Yielded 6 Written Offers, - Under Contract within 11 Days of Going to Market, - Transaction Closed in Less than 45 Days. Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. $6,900,000 USD. Baths, 3 This extensive experience, coupled with unique targeted marketing and advertising programs perfected since 1925, amounts to a winning combination. Begin searching for your dream property by selecting a state from the map. Browse real opportunities to buy from established and trusted sellers in the search listing results page below. The property 204 N Graham Hopedale Rd - Bank Owned Property. CMBS transactions incurred approximately $36.7 million in realized losses during March via the workout of distressed assets. Good sized 4 bedroom /3 baths home with pool on a corner lot! Sign up for free newsletters and get more CNBC delivered to your inbox. Covid-19 has pulled the rug out from under the global hospitality industry and the sharks have been hunting since shutdowns began last spring. Learn how to generate revenues from your hotel investments in the United States that surpass hospitality industry norms for investors. Showing 274 Bank Owned Property listings of over 500,000 total commercial properties for sale and for lease. Minimum value must be less than maximum. The company is especially interested in L.A., Miami, Washington, D.C., and Austin. He left some rooms as hotel units so he didn't have to deal with changing the zoning. Constructed of Concrete Block in 1998. Home has been damaged by Hurricane Ian, and has been gutted. 10 Miles from Fort Myers Beach | 14 Miles from Sanibel and Captiva Islands More details . and sits on over 22 3922 County Road 353 - Bank Owned Property. Search public hotel listings Non-public offerings Given the confidential nature of non-public offerings, all assets are made available by private invitation only. Web- Ideal for Owner/Operator - Below-Replacement-Cost Investment - Favorable Location Near Interstate 45 UNDER CONTRACT Microtel Inn & Suites by Wyndham Breaux Bridge Southeast - Breaux Bridge, LA 58 keys - Stable Room Revenues Averaging $883,118 the Past 10 Years - Favorable location on Interstate 10 - Below Replacement Cost at $49,152 "We can offer the potential residents a better value, and we can offer the investors a good solid return, so I've actually seen a fairly high amount of interest in it," Peters said. Browse real opportunities to buy from established and trusted sellers in the search listing results page below. Restaurant Find distressed properties in Florida using our comprehensive handyman special listings. WebBusinesses For Sale Hotels Florida Available On Request Beautiful South Florida Upscale oceanfront boutique hotel Full-service beachfront Price $140 M 120 plus Keys No Brokers NDA/LOI/POF S Off Market-Quality Hotels-for Sale $25-300M Businesses For Sale Hotels United States Available On Request Upscale oceanfront boutique hotel These sites help market a wide variety of hospitality and resort properties, including those in popular vacation destinations, along lakes and rivers, at the beach, in the mountains and elsewhere. This is is a bargain at $85,000. WebHotels For Sale is the premier platform for Hotel owners and brokers to list and purchase their properties online. The hotel transferred to special servicing in May 2020 due to COVID-related distress and became REO in June 2021. Hospitality - For Sale. Owners of these types of homes will be more open to a sale. Fort Myers, Lee County, FL Sign up for a Free account today! There is roof damage from wind, but hurricane, visualize how you will refinish the old shiplap wood walls that were revealed thanks to Ian! Interior Corridor Were not just the largest international business advertising platform. Showing Florida businesses currently available in Florida. We have a base of international partners and investors who are looking for the pandemic and post-pandemic opportunities in hospitality.. It has been cleared but would require mitigation and reconstruction to make it habitable. Building size 236' X 175' 413,000 Sq Ft 16271 Parallel Dr, Fort Myers, FL. Being sold AS-IS. HERE IT IS Great OPP available. Browse current investment hotels for sale, including motels, B&Bs, boutique inns, small hotels, luxury hotels, and other unique hotel investment properties. and best of all walk around dock, and 2 boat lifts. There are pros and cons to each approach, which well discuss briefly before showing the best resources to use in each case. By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions. Priced to sell fast! Good sized 4 bedroom /3 baths home with pool on a corner lot! Near major highways Good sized 4 bedroom /3 baths home with pool on a corner lot! Revenues in 2021 were appx. $2,100,000. Search for Bank Owned Properties for Sale and Lease. NDA Required Customize your Short Sale & Foreclosure MLS listings search to narrow your results to homes that fit with your specific needs. LOI/POF required. Need to sign NDA , Proof of funds and Bio to recieve full info , seller , locations etc WebDistressed property for sale in the Orlando Florida area including bank owned, short sales and foreclosures Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. Get access to over 20,000 unique business listings and discover your next investment opportunity. AFTER REPAIR VALUE: $625,000. Baths, 2 Full-service hospitality property with thousands of unique visitors per year With management wing Torrey Pines Hotel Group, will acquire 200 properties, Nick Chini and Orel Hershiser are two of the parters at Bainsbridge. Nice appliances! Two buildings featuring 7-units (one 5-unit and one duplex) in a premium location off Main Street in downtown 14141 Kentwood Blvd - Bank Owned Property. Located at The First Exit in Florida off Highway i-95. For a free confidential consultation, call us at 877.357.0618 or use the contact form below. There are pros and cons to each approach, which well discuss briefly before showing the best resources to use in each case. EBITDA around 10 Mn USD. 1997 - 2023 Dynamis Ltd and all subsidiaries. So, we focus on making every transaction as smooth and stress-free as possible. - Strategically Located Five Miles from Downtown Houston That classic For Sale sign is always a must, but its not near enough to attract the right buyers. (function () { Need to sign NDA , proof of Funds and Bio to contact seller and more info. Contact the distressed property expert Realtors at Lang Realty for help buying or selling a short sale or foreclosure in Palm Beach, Broward, or Saint Lucie County. This home was damaged by hurricane Ian, but quickly and professionally remediated. Web275 S 34th St, Saint Petersburg, FL. to narrow your results to homes that fit with your specific needs. 1. WebWATERFRONT RESTAURANT Hospitality MARINA RESORT HOTEL DEVELOPMENT FOR SALE 5325 Treadway Dr Port Richey, FL 34668 View OM 1/11 $3,250,000 Island Cottage Inn Hospitality 8 Keys 2316 S Ocean Shore Blvd Flagler Beach, FL 32136 View OM 1/6 Opportunity Zone $9,000,000 Best Western Orlando West Hospitality 107 Keys Dutch bro's, Starbucks, Rosewood Realty Group has been exclusively retained to run the Bankruptcy Sale of 9201 4th Avenue in Brooklyn. Thank you for sharing your opinion with us! Nevada Hotel & Casino acquisition opportunity Well, there are some great reasons, particularly in our method. Pricier, so-called Class A apartments, are more plentiful. Learn more about how to do it in our latest post! Form below your hotel investments in the search listing results page below a of. Lee County, FL sign up for free newsletters and get more CNBC delivered to inbox! Be more open to a Sale surpass hospitality industry norms for investors all assets are made available by invitation. The pandemic and post-pandemic opportunities in hospitality and Bio to contact seller and more.. 34Th St, Saint Petersburg, FL sign up for free newsletters and get more CNBC delivered to inbox. Proof of Funds and Bio to contact seller and more info commercial properties for Sale the... Sale and lease there are pros and cons to each approach, which well briefly! Making every transaction as smooth and stress-free as possible Captiva Islands more details and. 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