9740 Commerce Center Ct, Fort Myers, FL 33908
120 Room Hotel | Fort Myers, FL 33908 | $14,000,000 ($116,667/Room)
For Sale
Active
Asking Price $14,000,000
- Property Type
-
Hospitality
- Square Feet
- 34,157 SF
Listing Contacts
Suraj Dalal
Property Overview
Kabani Hotel Group, as an exclusive representative of the seller, is pleased to present for sale the Candlewood Suites Fort Myers. The subject property is a 120-room interior corridor hotel, built in 2009, with a lot size of 2.55 acres.
This property features an outdoor pool, fitness center, 24 hour market, a banquet space, conference room, laundry facilities and outdoor parking spaces. It is strategically positioned off Summerlin Road (36,500 AADT) & Bass Rd (13,900 AADT).
Major demand generators include Fort Myers Beach, Southwest Florida International Airport, Sanibel Island, and Florida Gulf Coast University
PROPERTY HIGHLIGHTS
120-Rooms - Interior Corridor - Extended Stay
Recently Renovated - Over $1M in Renovations - First Floor Updated
New Roof Installed in 2023
Situated On 2.55 +/- Acres
Year Built - 2009 - Concrete Building
Amenities Include: Outdoor Pool, Fitness Center, 24-Market, Business Center, Meeting Room, Laundry Facilities and Outdoor Parking Spaces
Located off Summerlin Road (36,500 AADT) & Bass Rd (13,900 AADT).
FINANCIAL HIGHLIGHTS
2022 Room Revenue of $3,603,637
2023 Room Revenue of $3,161,961
2022 ADR / Occupancy / RevPAR of $117.52 / 69.8% / $82.01
2023 ADR / Occupancy / RevPAR of $117.40 / 61.2% / $71.82
LOCATION HIGHLIGHTS
3.6 Miles to Lakes Park
6.4 Miles to Fort Myers
6.1 Miles to Gulf Coast Medical Center
8.4 Miles to Six Mile Cypress Slough Preserve
14.2 Miles to Southwest Florida International Airport
14.3 Miles to Florida Gulf Coast University
This property features an outdoor pool, fitness center, 24 hour market, a banquet space, conference room, laundry facilities and outdoor parking spaces. It is strategically positioned off Summerlin Road (36,500 AADT) & Bass Rd (13,900 AADT).
Major demand generators include Fort Myers Beach, Southwest Florida International Airport, Sanibel Island, and Florida Gulf Coast University
PROPERTY HIGHLIGHTS
120-Rooms - Interior Corridor - Extended Stay
Recently Renovated - Over $1M in Renovations - First Floor Updated
New Roof Installed in 2023
Situated On 2.55 +/- Acres
Year Built - 2009 - Concrete Building
Amenities Include: Outdoor Pool, Fitness Center, 24-Market, Business Center, Meeting Room, Laundry Facilities and Outdoor Parking Spaces
Located off Summerlin Road (36,500 AADT) & Bass Rd (13,900 AADT).
FINANCIAL HIGHLIGHTS
2022 Room Revenue of $3,603,637
2023 Room Revenue of $3,161,961
2022 ADR / Occupancy / RevPAR of $117.52 / 69.8% / $82.01
2023 ADR / Occupancy / RevPAR of $117.40 / 61.2% / $71.82
LOCATION HIGHLIGHTS
3.6 Miles to Lakes Park
6.4 Miles to Fort Myers
6.1 Miles to Gulf Coast Medical Center
8.4 Miles to Six Mile Cypress Slough Preserve
14.2 Miles to Southwest Florida International Airport
14.3 Miles to Florida Gulf Coast University
Property Details
- Class
- B
- Year Built/Renovated
- 2009/2019
- Stories
- 4
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 111,078 SF
- Units
- 120
Highlights
- 2022 Room Revenue of $3,603,637
- 2023 Room Revenue of $3,161,961
- 120-Rooms - Interior Corridor - Extended Stay
- Recently Renovated - Over $1M in Renovations - First Floor Updated
- New Roof Installed in 2023
Nearby Properties
Similar Properties
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