709394 | General Information • 165+ rooms, mixed Double Kin

Florida Lakeland Hotel 3* 165 Keys ,  NOI 2019 = 14.2% cap mixed Double King bed, single king bed, double queen bed, single queen bed , Conference center on top floor, holds 450 ppl and has its own banquet production kitchen, fully equipped.

General Information 

• 165+ rooms, mixed Double King bed, single king bed, double queen bed, single queen bed.
• Several rooms have separate bedrooms.
• Several rooms are ADA compliant.
• 3 level parking garage.
• Conference center on top floor, holds 450 ppl and has its own banquet production kitchen, fully equipped.
• Lecture room for 75 guests on second floor

NOI  2018 = 15% cap

NOI 2019 = 14.2% cap

NOI 2020 = TBD 95% closed

NOI 2021= TBD 85% closed and opening to full service by Oct.

BUILDING 1  

BUILDING 3  

BUILDING 2 

Extra Features (Current)

Note: To move forward: 

Outdoor poolFree!  All pools are free Open all year round Fence around swimming poolBath/beach towels wellness fitness Bath/beach towels Public bath Hot tub/jacuzzi Bonus

-  Buyer / Buyer Rep to sign asset specific NCND/MFA  

-  Buyer to submit Non-binding LOI and POF to connect with seller.