Two Florida Motels
$3,300,000
Published date: January 4, 2015
- Location: Winter Garden, Florida, United States
The properties are contiguous and are situated in the Orlando suburb of Winter Garden west of Orlando on Highway 50 (Colonial Drive). Route 50 is the primary urban east—west artery through Orlando and many of its suburbs. It crosses the entire state, from the "Space Coast" on the Atlantic Ocean to U.S. Hwy. 19, Central Florida's Gulf of Mexico coastal highway.
The total of 176 guest rooms can be divided into the 104-unit Best Value and 72-unit Exclusive Inn (or a 72—unit franchised motel). The Exclusive was a Super 8 until the owner determined that he would operate it as an independent motel without a franchise. Various economy franchises are available for the Exclusive Inn should the new owner prefer to resume a franchise operation. The Best Value Inn is AAA-approved, with a Three-Diamond rating.
Both motels are 2 stories with exterior corridors. The rooms are larger than typical. There are a heated swimming pool and a fitness room.
An IHOP restaurant and a sports bar/lounge, located on opposite sides of the lobby and within the Best Value structure are leased to separate tenants. First construction was 1966, additions in the "70s. Comprehensive renovations completed in 1999. Land area is 4 acres.
Price reduced to $3,300,000 for 2 motels
($2m+ Assumable mortgage)
The total of 176 guest rooms can be divided into the 104-unit Best Value and 72-unit Exclusive Inn (or a 72—unit franchised motel). The Exclusive was a Super 8 until the owner determined that he would operate it as an independent motel without a franchise. Various economy franchises are available for the Exclusive Inn should the new owner prefer to resume a franchise operation. The Best Value Inn is AAA-approved, with a Three-Diamond rating.
Both motels are 2 stories with exterior corridors. The rooms are larger than typical. There are a heated swimming pool and a fitness room.
An IHOP restaurant and a sports bar/lounge, located on opposite sides of the lobby and within the Best Value structure are leased to separate tenants. First construction was 1966, additions in the "70s. Comprehensive renovations completed in 1999. Land area is 4 acres.
Price reduced to $3,300,000 for 2 motels
($2m+ Assumable mortgage)
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