Quality Inn Leesburg Chain Of Lakes 1392 W North Blvd Services hôteliers 50 chambres 3 674 874 € (73 497 €/Chambre) Taux de capitalisation 4,79 % Leesburg, FL 34748

OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn & Suites Leesburg Chain of Lakes, a Choice Hotel, located in Leesburg, Florida. The 50-room, three-story, interior corridor hotel - which has been recently renovated to include a new roof and new elevator - is located directly off of Highway 27 (11,000 AADT) and Highway 441 (41,500 AADT), offering high visibility. The hotel presents an excellent opportunity for an owner-operator to take a hands-on approach and increase overall market share within the current competitive set. The property is well-positioned for upflagging, and multiple national brands have expressed interest in a conversion opportunity.


PROPERTY OVERVIEW:
The Quality Inn & Suites Leesburg Chain of Lakes was built in 1989 and remains in good condition due to an ongoing capital improvement plan and recent renovations completed in the amount of $800,000+/-. The change of ownership PIP is estimated to be approximately 175,000+/-; however, this is only an estimate. *The actual PIP requirements must be verified directly with Choice Hotels, as they are determined solely at the franchisor’s discretion and may vary in both scope and cost. This includes, without limitation, any franchisor requirements related to a change of ownership. The Recipient is solely responsible for independently verifying all such matters.

Recent Renovations Include:
• New Roof
• New Elevator
• Indoor Paint
• Resurfaced Parking Lot
• New Furniture
• New Plumbing Throughout
• Renovated 30 Bathrooms
• New Guest Room Televisions
• New A/C System
• Resurfaced Pool


LOCATION OVERVIEW:
The Quality Inn & Suites Leesburg Chain of Lakes is situated in Lake County, approximately 46 miles northwest of Orlando. Leesburg, Florida, is a charming city known for its rich history, scenic landscapes, and vibrant community atmosphere. Located in Lake County, Leesburg offers a blend of historic architecture, including the well-preserved buildings in its downtown area. The city is renowned for its annual events such as Leesburg Bikefest, a major motorcycle rally drawing hundreds of thousands of attendees, and the Leesburg Art Festival, which showcases local and regional artistic talent. Nearby, attractions like Venetian Gardens on Lake Harris provide recreational opportunities such as boating, fishing, and picnicking. Leesburg’s proximity to Orlando and The Villages makes it a convenient gateway for exploring Central Florida attractions and enjoying a variety of outdoor activities in the surrounding natural landscapes. Today, most of Leesburg’s growth and economic development is the result of its increasing
popularity as a retirement destination. In addition, the rapid growth of nearby Orlando has resulted in demand for housing here, as many people commute to Orlando for work.


Property Highlights:
• Quality Inn & Suites Leesburg Chain of Lakes, a Choice Hotel
• 50 Rooms / 3 Stories / Interior Corridor
• $800,000+/- in Recent Renovations Including New Roof & Elevator
• Year Built - 1989
• Amenities Include: Outdoor Pool, Elevator, Business Center


Location Highlights:
• 1.5 Miles to Leesburg Bike Fest
• 1.5 Miles to Leesburg Art Festival
• 2.0 Miles to Venetian Gardens
• 2.0 Miles to Lake Harris
• 6.0 Miles to Historic Downtown Leesburg
• 11.6 Miles to The Villages
• 26.6 Miles to Lake-Sumter State College
• 28.7 Miles to Palatlakaha River Park and Boat Ramp
• 45.5 Miles to Orlando
• 48.6 Miles to Orlando-Sanford International Airport


Financial Highlights:
• List Price of $4,200,000
• YE 2024 Room Revenue: $883,360
• Year 1 Projected Room Revenue / RRM: $1,055,033 Room Revenue / 3.98x RRM
• YE 2024 ADR/RevPAR/OCC - $86.89 ADR / $47.79 RevPAR / 55.00% OCC
• Rank 4 out of 5 RevPAR vs Competitive Set 2023
• Rank 5 out of 5 ADR($) vs Competitive Set 2023