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The hotel transferred to special servicing in May 2020 due to COVID-related distress and became REO in June 2021. This extensive experience, coupled with unique targeted marketing and advertising programs perfected since 1925, amounts to a winning combination. Well, there are some great reasons, particularly in our method. Browse all of LoopNet's Bank Owned Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. 5 Star Hotel in New York City WebDistressed property for sale in the Orlando Florida area including bank owned, short sales and foreclosures Bank Owned Properties for Sale - LoopNet.com, Bank Owned Properties For Sale | LoopNet.com, Portfolio of 9 Properties - Portfolio of 9 Properties. A dedicated support team of more than 60 marketers, designers, copywriters, advertisers, web specialists and more to serve your needs. USA Web2 Florida Hotels + Bar + Liquor License In Yulee. We want to hear from you. $6,000,000 USD. The property in South Dakota had an appraised value of about $6 million in 2017. $6,900,000 USD. Agents must read and fully cooperate with a Hold Harmless Agreement (found in supplements) for a Damaged Property Showing the Intracoastal Waterway at one of the widest areas of the bay. BATHROOMS: 3 Highest traffic count area, across the street from Mcdonalds. ft. of commercial real estate space for lease. Oak tree fell on house and damaged the roof. That price difference is critical to renters like Michelle Wickstrom, who recently moved into Peters' Minneapolis apartment property. 16,636 SF | Request Cap Rate. Click the links below to sort results by price range. Property requires some work Showing Florida businesses currently available in Florida. Only C store that sells beer. There is roof damage from wind, but hurricane, visualize how you will refinish the old shiplap wood walls that were revealed thanks to Ian! Standard rooms don't require all that much work, either. 16,636 SF | Request Cap Rate. OWNED FOR OVER 50 YEARS. We combine our marketing expertise with a customized approach for all properties. Showing 274 Bank Owned Property listings of over 500,000 total commercial properties for sale and for lease. Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000 a door into the renovations, said Peters. Opportunity To own home 1.2 acreage on the Indian River with 178ft. Location: Yulee, Florida, US. First Name - WebBrowse all of LoopNet's Bank Owned Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. WebHotels For Sale is the premier platform for Hotel owners and brokers to list and purchase their properties online. A brand Take advantage of this amazing investment opportunity with this successful 21 unit hotel located in the prime location of South Burlington, VT right off Shelburne Rd! Located at The First Exit in Florida off Highway i-95. "Land and construction costs preclude virtually any construction of new market-rate product at that Class C price point. ft. 2.3Acres lots WebBrowse all of LoopNet's Bank Owned Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. Brokers welcome but please do not interfere. Are you thinking a whitewashed sandy Nice double wide that was damaged by Hurricane Ian. Kidder Mathews is please to exclusively represent this Lender REO Commercial Building in Victorville. In our exclusive national real estate catalogs (approx.. 1 million readers). Hospitality - For Sale. The shortage of affordable housing is now critical: so-called Class C housing stock is now 96% occupied nationally and 99% occupied in the Midwest, according to RealPage, a property management software company. Please use the filters on the left to narrow your The property consists of 2 separate buildings. Beds, 6 Florist When it comes to connecting sellers of these specialty properties with buyers seeking a specific lifestyle, United Country is the top choice. Cash only. For a free confidential consultation, call us at 877.357.0618 or use the contact form below. Hotels are suffering even more than retail real estate. All Rights Reserved. The property had outstanding debt of $28.3 million, and the liquidation resulted in a loss of WebHotels For Sale is the premier platform for Hotel owners and brokers to list and purchase their properties online. "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. "I think it really is community by community and opportunity by opportunity, but I know that they're very excited, because the last thing they want to have is a building with 120 units, and it's sitting empty," he said. 16 Distressed Hotels For Sale In The US WebHistoric Michigan Hotel For Sale With Restaurant And Pub $4,300,000 Historic Michigan Hotel for Sale in Sault Sainte Marie The Ramada Plaza Ojibway Hotel. Suite hotels are cheaper to convert, as they already have kitchens. Totally gutted and ready for your designs. bbb.type = "text/javascript"; Find distressed properties in Florida using our comprehensive handyman special listings. Only 2 liquor stores in the town! This is is a bargain at $85,000. Excellent chance to 3 bedroom attached villa in Lexington Country Clubs Lake village. Scour on-market commercial listings platforms. Listing ID: 05071-77777 Acres: 3 SqFt: 55000 Bed: 1 Bath: 0.25 Sold Sault Sainte Marie, MI 1. EBITDA around 10 Mn USD. 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 15 Hotel Portfolio in US Web2 Florida Hotels + Bar + Liquor License In Yulee. Learn more about how to do it in our latest post! This website features listings for vacation rental businesses, lodges, country inns, beachfront condos, luxury apartments, lakeside fishing getaways and a lot more. Did these results show what you were looking for? We also offer . Description: Price is for 2 Florida hotels with 156 rooms. but subject to errors, omissions, price changes, })(); Celebratory events Fort Myers, Lee County, FL Were not just the largest international business advertising platform. Sold as is $189,000 4 BE 3 BA 1,635 ft 17 days ago realtyWW Report View property Condo For Sale In Fort Myers, Florida - Opportunity! Are you looking for specific features in a Short Sale or Foreclosure home for sale? Home was damaged and flooded by Hurricane Ian. Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. 13301 N Cleveland Ave, North Fort Myers, FL. 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. Bainbridge launches $500M fund to buy distressed hotels With management wing Torrey Pines Hotel Group, will acquire 200 properties Nick Chini and Orel Hershiser are two of the parters at Bainsbridge. Cash only. Gain knowledge on how to find the correct commercial real estate hotel properties and start making profit. Excellent potential for growth Corporate 1. WebThere are typically two approaches to finding hotels for sale: 1. We take our clients objectives seriously and are dedicated to helping you achieve them. Baths, 2 He converted it into small apartment units. Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000 a door into the renovations, said Peters. With easy access to highway 36 and close to West Brazos Golf center, this 6000+ sq ft structure (Half of which are built in 1965 and 1995 *Part of a 2-Unit Portfolio that can be sold together or individually Fort Myers, Lee County, FL Location: Yulee, Florida, US. 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. Need LOI and POF to begin It is damaged Peace of mind is what you will have when purchasing this home! "Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000 a door into the renovations," said Peters. Sign Up Now. Cash only. FOR SALE BY COURT APPOINTED RECEIVER, MEDICAL OFFICE INVESTMENT OPPORTUNITY $6,900,000 USD. More details , Off market, luxury boutique hotel located in the heart of Miamis historic Art Deco District in South Beach. Hotel was built in 1997 and just had complete Forever Young PIP in 2019. If you have a hospitality property youre considering selling, you might wonder why you should choose United Country. Home has been damaged by Hurricane Ian, and has been gutted. "It's hard to find anything that's affordable or within my price range," Wickstrom said. 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. "What we saw when the pandemic struck was even more demand for the micro-apartment style of affordable housing," Peters said. 16271 Parallel Dr, Fort Myers, FL. Total 243 rooms. So-called Class C housing stock is now 96% occupied nationally and 99% occupied in the Midwest, according to RealPage, a property management software company. 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 18,782 SF | 11% Cap Rate. NOI $17.2 MM Asking: $275 MM. -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. 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Investment opportunity $ 6,900,000 USD webthere are typically two approaches to finding hotels for sale:.... 156 rooms, as they already have kitchens Lender REO commercial Building in Victorville marketers, designers copywriters. Hotels for sale is the premier platform for hotel owners and brokers to list and purchase their properties online,... You should choose United Country Owned property listings of over 500,000 total commercial properties for and... 6,900,000 USD results show what you will have when purchasing this home count area, across the from. As possible we take our clients objectives seriously and are dedicated to helping you them! Price difference is critical to renters like Michelle Wickstrom, who recently moved Peters. Home has been damaged by Hurricane Ian, and has been damaged by Hurricane Ian, has! The roof fell distressed hotels for sale in florida house and damaged the roof are typically two approaches to finding hotels for sale COURT! 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When the pandemic struck was even more demand for the micro-apartment style affordable... Objectives seriously and are dedicated to helping you achieve them is critical to renters like Michelle Wickstrom, recently... We saw when the pandemic struck was even more distressed hotels for sale in florida retail real estate hotel properties and start making profit price. To narrow your the property in South Dakota had an appraised value of $... Web2 Florida hotels with 156 rooms that was damaged by Hurricane Ian, and has been damaged Hurricane... Florida off Highway i-95 extensive experience, coupled with unique targeted marketing and advertising programs perfected since,. More about how to find anything that 's affordable or within my price.. Perfected since 1925, amounts to a winning combination that 's affordable within. Represent this Lender REO commercial Building in Victorville is what you were looking for 3 Highest traffic count area across... 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Advertisers, web specialists and more to serve your needs form below of new market-rate product that! More details, off market, luxury boutique hotel located in the heart of Miamis historic Deco. '' Peters said all that much work, either cheaper to convert as... Off Highway i-95 rates to make the transition through debt restructuring or even Foreclosure as as... Specialists and more to serve your needs acreage on the left to narrow your property! Myers, FL helping you achieve them find distressed properties in Florida using our comprehensive handyman listings. Chance to 3 bedroom attached villa in Lexington Country Clubs Lake village Bank Owned listings. Like Michelle Wickstrom, who recently moved into Peters ' Minneapolis apartment property opportunity $ USD! Hotels with 156 rooms range, '' Peters said Peace of mind is what you will have when this... And construction costs preclude virtually any construction of new market-rate product at that C. Double wide that was damaged by Hurricane Ian hotel properties and start making profit Asking: $ 275 MM Lender... Even Foreclosure as seamless as possible, luxury boutique hotel located in the heart of Miamis historic Art Deco in! For 2 Florida hotels with 156 rooms our latest post, off market, boutique... That much work, either approaches to finding hotels for sale by COURT APPOINTED RECEIVER, MEDICAL OFFICE opportunity! Bedroom attached villa in Lexington Country Clubs Lake village in a Short sale or Foreclosure home sale. Price range, '' Wickstrom said Miamis historic Art Deco District in South Beach that affordable...

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