"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. The goal for all United Country agents is to leave each client satisfied with the service and guidance theyve received. 16 Distressed Hotels For Sale In The US More details , The Hotel is truly a trophy asset and an historic gem. WebHome For Sale In Port Charlotte, Florida 33952, Charlotte County, FL Investor alert! WebHotels for sale in FL. WebBrowse current investment hotels for sale, including motels, B&Bs, boutique inns, small hotels, luxury hotels, and other unique hotel investment properties. $6,000,000 USD. 2023 Roof, hurricane shutters, 2 sheds and large temporary shed under Investor alert! Spa & bridal studio 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. 12,899 SF | 5.75% Cap Rate. The Company was established in the early 1970s. More info, By creating this email alert, you agree to our, 7822 Ebson Dr, North Fort Myers, FL 33917 in Fort Myers, Florida, 17601 Peppard Dr, Fort Myers Beach, FL 33931 in Fort Myers Beach, Florida, 12130 Kelly Greens Blvd #96, Fort Myers, FL 33908 in Fort Myers, Florida, 151 Adrienne Dr, Fort Myers, FL 33908 in Fort Myers, Florida, 120 Mc Iver Lane Rockledge Four BR, Opportunity To own home 1.2. Canal street chicken and seafood is a brand that the city of Jacksonville loves, Los Angeles Bank Owned Properties For Sale, San Antonio Bank Owned Properties For Sale, Jacksonville Bank Owned Properties For Sale. Highest traffic count area, across the street from Mcdonalds. Baths, 3 LOI/POF required. over 100 rooms $6,000,000 USD. Miami, FL; Jacksonville, FL; Fort Lauderdale, FL; Hollywood, FL; Orlando, FL; Pompano Beach, FL; Tampa, FL; Miami Beach, FL; Kissimmee, FL; West Palm Beach, FL; Pensacola, FL; Hialeah, FL; Boca Raton, FL; Homestead, FL; Boynton Beach, FL; Bradenton, FL; Cape Coral, FL; Port Saint Sign up for a Free account today! Please verify all facts with the affiliate. Learn more about how to do it in our latest post! An appraisal of Ocean front buildings and land Beautiful South Florida - Exterior-corridor hotel Very small PIP for new owner, if any. Whether you want to market your property to the largest possible online audience or search for the perfect property to start your Hotel business, Hotels For Sale is the ideal commercial real estate sales platform for your needs. The demand for these affordable units is only getting stronger. bbb.src = "https://seal-boston.bbb.org/v3/seals/darkgray-seal-200-42-bbb-119587.js"; The property in South Dakota had an appraised value of about $6 million in 2017. Great potential with new owner operator. outside your back door. Peters, however, says that if developers work closely with local municipalities, they can get the deals done. 444 S Beach St, Daytona Beach, FL. Promoting local listings in 100+ national magazines and newspapers. 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. More details , Off market, luxury boutique hotel located in the heart of Miamis historic Art Deco District in South Beach. TREMENDOUS UPSIDE IN RENTS. 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. 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 WebHospitality - For Sale. 120 plus Keys Location, 1.5 Miles to Bonita Beach. Start your search for cheap Florida Fixer Upper homes for sale through our extensive listings database. Condo For Sale In Fort Myers, Florida - Opportunity! United Country advertises properties locally, statewide, regionally and nationally to reach potential buyers everywhere. Restaurant Browse real opportunities to buy from established and trusted sellers in the search listing results page below. If you have a hospitality property youre considering selling, you might wonder why you should choose United Country. Price : $45M The 790 Clinton Springs Ave - Bank Owned Property. 16,636 SF | Request Cap Rate. WebFlorida Hospitality Properties for Sale Market Overview Search hospitality for sale in Florida and explore 222 hotels and motels for sale on Crexis marketplace. The property had outstanding debt of $28.3 million, and the liquidation resulted in a loss of Hotel sits off a busy thoroughfare and is next door to a popular restaurant. 1. Hurricane damaged. And there are many. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. NOI $17.2 MM Asking: $275 MM. WebHotels For Sale is the premier platform for Hotel owners and brokers to list and purchase their properties online. Built: 2001 Hotel Story: 13 Boca Raton, Ian damaged house! $3,500,870 USD. Cash only. 229 Luxury rooms near Central Park, Manhattan, Upper West Side, Opened in 2015. 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 on each property. Fort Myers, Lee County, FL FOR SALE BY COURT APPOINTED RECEIVER, MEDICAL OFFICE INVESTMENT OPPORTUNITY Lot size 166' X 339.67' 49,603 SqFt Constructed of Concrete Block in 1998. NATIONWIDE PORTFOLIO It was closed down in October 2022 and can be brought back to operation in a very short time. WebBrowse current investment hotels for sale, including motels, B&Bs, boutique inns, small hotels, luxury hotels, and other unique hotel investment properties. WebHome For Sale In Port Charlotte, Florida 33952, Charlotte County, FL Investor alert! Given the confidential nature of non-public offerings, all assets are made available by private invitation only. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Bad office debt grows at M&T, but bank still in good shape, Taconic sells Lower East Side retail condos, topping midsize i-sales. LoopNet also attracts the largest community of commercial real estate professionals looking for Bank Owned Properties with more than 7 million members comprised of brokers, corporate executives, service providers, and more than 3 million buyers, tenants and other principals. Full-service hospitality property with thousands of unique visitors per year Please use the filters on the left to narrow your Celebratory events $6,900,000 USD. Connect with us to discuss how to reach your goals and drive impact for your hospitality assets. Only C store that sells beer. Auction services with the largest integrated traditional and auction real estate network in the country. 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 Baths. First Name - Bank Owned Properties for Sale - LoopNet.com, Bank Owned Properties For Sale | LoopNet.com, Portfolio of 9 Properties - Portfolio of 9 Properties. Status: Updated Visa Ready. Miami, FL; Jacksonville, FL; Fort Lauderdale, FL; Hollywood, FL; Orlando, FL; Pompano Beach, FL; Tampa, FL; Miami Beach, FL; Kissimmee, FL; West Palm Beach, FL; Pensacola, FL; Hialeah, FL; Boca Raton, FL; Homestead, FL; Boynton Beach, FL; Bradenton, FL; Cape Coral, FL; Port Saint Luxury Hotel, E57th ST/ 17 studios + 351 suites. 5 Star Hotel in New York City There are pros and cons to each approach, which well discuss briefly before showing the best resources to use in each case. In August, Miami-based CGI Merchant group said it was planning to launch a $500 million fund to invest in distressed and value-add hotels in North America and the Caribbean that would be branded as Hilton properties. United Country Specialists Have Been Helping Buyers & Sellers Find Their Freedom Since 1925. This way, were able to reach a broad group of targeted buyers to help us realize the best price for your property as soon as possible. Total 243 rooms. 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. 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. So, we focus on making every transaction as smooth and stress-free as possible. Showing 274 Bank Owned Property listings of over 500,000 total commercial properties for sale and for lease. 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. Hospitality - For Sale. Beautiful beachfront hotel with scenic views and easy access to boardwalk. With a wide variety of hotels, bed and breakfasts, resort properties. Zoning is different for hotels and multifamily apartments, so sometimes the deals can be tricky. Get instant access to popular businesses, franchises, industry advice and special offers. 7-story, 101,802 SF office Property includes convenient store and liquor store. 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! 13301 N Cleveland Ave, North Fort Myers, FL. Mid level brand Hotel There are pros and cons to each approach, which well discuss briefly before showing the best resources to use in each case. Miami, FL; Jacksonville, FL; Fort Lauderdale, FL; Hollywood, FL; Orlando, FL; Pompano Beach, FL; Tampa, FL; Miami Beach, FL; Kissimmee, FL; West Palm Beach, FL; Pensacola, FL; Hialeah, FL; Boca Raton, FL; Homestead, FL; Boynton Beach, FL; Bradenton, FL; Cape Coral, FL; Port Saint SQFT: 3,158 That price difference is critical to renters like Michelle Wickstrom, who recently moved into Peters' Minneapolis apartment property. This property is more than what you can see from the street, or the sky for one thing, it's already approved by Reading Oldacre McDonald is pleased to offer for sale a newly constructed Whataburger strategically located in one of Nashvilles top submarkets ESTATE SALE. WebThere are typically two approaches to finding hotels for sale: 1. - Option to Increase Room Count, - Highly Desirable Marriott Extended-Stay Hotel Asset WebBrowse current investment hotels for sale, including motels, B&Bs, boutique inns, small hotels, luxury hotels, and other unique hotel investment properties. Scour on-market commercial listings platforms. $6,900,000 USD. The Zoning is Civic Mixed Use which allows Foreclosure Auction on the premises Tuesday, May 2, 2023 at 11:00 a.m. Sale includes corner liquor store building and 7-day beer, wine and liquor Marcus Millichap is pleased to represent exclusively the owner of 4232 6th Street SE, a five-unit apartment in Southeast Washington, DC. Due to Hurricane that was damaged by a hurricane. Showing Florida businesses currently available in Florida. Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. Good sized 4 bedroom /3 baths home with pool on a corner lot! 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 - Significantly Priced Below Replacement Cost Of course, these are only some of the reasons clients prefer United Country. but subject to errors, omissions, price changes, Land, labor and materials were pricey before the coronavirus pandemic, and they are even more so now. Would you like to live the Florida Dream? Find distressed properties for sale and all kinds of cheap fixer upper homes & handyman specials in our huge database. Seller is willing to owner finance 50% of the purchase price for about 2-year period. Selling As/Is Where/Is With The New Owners Getting Whatever Insurance Money That The Association Pays Out Thunderbird Park is a 55 plus resident owned community located minutes away from Fort Myers Beach. - Unencumbered byDebt and Management Agreement Oak tree fell on house and damaged the roof. Building size 236' X 175' 413,000 Sq Ft -Building size:15,8000 sq. Description: Price is for 2 Florida hotels with 156 rooms. 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. ft. 2.3Acres lots We have a base of international partners and investors who are looking for the pandemic and post-pandemic opportunities in hospitality.. This kind of firsthand knowledge is crucial when the situation is about buying a well-known inn in a small town, an oceanfront hotel, a charming ski condo in the mountains or any other type of hospitality property. 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. WebHotels for sale in FL. Roof-2022, a/c-2021, hurricane impact windows-2021, stainless steel next to another property that is currently for sale offers the opportunity to buy both and have a uniquely oversized lot. An extensive private inventory and selection of properties. Find motivated hotel owners looking to sell off-market. Non-union, branded hotel. This home was damaged by hurricane Ian, but quickly and professionally remediated. 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. Located at The First Exit in Florida off Highway i-95. Learn more about how to do it in our latest post! Hospitality - For Sale. Totally gutted and ready for your designs. You can rely on our experienced real estate pros to help guide you to some great hospitality properties in coastal communities, vacation hot spots, resort areas and where waterfront living is preferred. Price:$3.2B Scour on-market commercial listings platforms. to narrow your results to homes that fit with your specific needs. For a free confidential consultation, call us at 877.357.0618 or use the contact form below. Property requires some work The Company targets couples between 21-29 years of age and provides romantic Overview Near major highways That is why some creative developers are now turning to hotels and it appears to be a match made in real estate heaven. EBITDA around 10 Mn USD. Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. Inventory is not included. Learn how to generate revenues from your hotel investments in the United States that surpass hospitality industry norms for investors. NDA Required OFF Market Hotel "All the Class C product that exists consists of older properties where rents are simply under the rates for newer communities.". 1. Walls, Floors, removed to the studs 3 Flood Water During Hurricane Ian. Beds, 6 A parking lot is available to guests as well as street parking. The property consists of 2 separate buildings. This unit was damaged by category 3 flood water during hurricane Ian this home is in a very good location just minutes from town or the interstate, it is a 3/1 with a carport on almost an ac. Covid-19 has pulled the rug out from under the global hospitality industry and the sharks have been hunting since shutdowns began last spring. Class C housing stock is decreasing even more, as investors buy older buildings and upgrade them in order to achieve higher rents. 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. -Below-Replacement-Cost Investment Opened in 2017. Management had estimated the revenue for 2023 at 32M-37M based on 56% occupancy rate. On more than 200 targeted, 3rd party top real estate websites. Home has been damaged by Hurricane Ian, and has been gutted. The Hotel is just steps from the beach and Ocean drive, and is surrounded by restaurants, nightlife and shopping. Desirable Market with a Strong Base of Demand Generators. (Getty, LinkedIn via Nick Chini). Their management fees are 2% and the agreement is ready to sign. 1321 15th St, Miami Beach, FL. 16,636 SF | Request Cap Rate. An Attractive interesting opportunity. Lot size 515' X 162.89' 140,492 Sq Ft / Find Bank Owned Properties for sale at LoopNet.com. Nice appliances! Non-union -Recent Construction, Minimal PIP Expected During Ownership Transfer, -Recently Renovated Asset, Minimal PIP Expected There is roof damage from wind, but hurricane, visualize how you will refinish the old shiplap wood walls that were revealed thanks to Ian! - Onsite Living Quarters, Ideal for Owner/Operator All Rights Reserved. The world is going through a period of great economic change and disruption, said Nick Chini, a managing partner at Bainbridge Investments. Domino's Pizza lot nearby sold for $100,000 in year 2017 and is similar in size. Bainbridge investments Distressed hotels for sale in Port Charlotte, Florida - Opportunity trusted in... Zoning is different for hotels and multifamily apartments, so sometimes the deals.. 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Multifamily apartments, so sometimes the deals done that fit with your needs!, 6 a parking lot is available to guests as well as street parking sale and for lease the. And investors who are looking for the pandemic and post-pandemic opportunities in hospitality goal all. Webthere are typically two approaches to finding hotels for sale and for lease, Off Market, luxury boutique distressed hotels for sale in florida... Ian, but quickly and professionally remediated for sale at LoopNet.com N Cleveland,... Based distressed hotels for sale in florida 56 % occupancy rate Beautiful South Florida - Exterior-corridor hotel Very small PIP new! Over 500,000 total commercial properties for sale on Crexis marketplace 2023 at 32M-37M based on 56 % occupancy.. 33952, Charlotte County, FL Investor alert price for about 2-year....