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2934 Polynesian Isle Blvd
Kissimmee, FL 34746
Quality Inn Kissimmee · Hospitality Property For Sale
·
41,762 SF

PROPERTY FACTS
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
ABOUT 2934 POLYNESIAN ISLE BLVD , KISSIMMEE, FL 34746
OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Econo Lodge Kissimmee, a 94-room exterior corridor hotel located directly off of Osceola Pkwy approximately 10 minutes from Walt Disney World. The subject property is well positioned for growth in room demand as the Disney corridor is rapidly expanding with development. Property amenities include an outdoor pool, elevators, spacious lobby, breakfast seating area, and banquet space. PROPERTY CONDITION: The Econo Lodge is in good condition due to the renovations completed and currently underway. It is estimated that the current owners have spent approximately $1,200,000 in Renovations & Additions / PIP requirements. Change of ownership PIP is expected to be minimal - approximately $40,000. RENOVATIONS COMPLETED / IN PROGRESS INCLUDE: NEW SWIMMING POOL NEW POOL EQUIPMENT NEW POOL CHAIRS NEW LOBBY BUILDING WITH BREAKFAST AREA NEW LOBBY DESIGN NEW LOBBY FURNITURE NEW RECEPTIONIST AREA + FISH TANK NEW BANQUET SPACE NEW FF&E ROOM FURNITURE NEW LVT FLOORING Investment Highlights Property Highlights: • 94-Room Econo Lodge by Choice Hotels • Comprised of 94 Exterior Corridor Rooms • $1,200,000+/- in Renovations/Additions • Minimal Change of Ownership PIP • Elevators on Site • Located within the Theme Park Capital of the World Location Highlights: • Situated Directly Off Osceola Parkway • Close Proximity to All Major Walt Disney World Theme Parks • 20 Minutes from Orlando International Airport • Surrounded by Multiple Demand Generators • Approximately 4 miles from Walt Disney World • Located in the Orlando-Kissimmee-Sanford MSA - Home to One of the Largest Tourist Markets in the World Financial Highlights: • New Resort Fees Implemented October 2019 - Increased Revenue 15% • Projected Room Revenue Year 1 - $1,340,454 • Significant Upside Potential Due to Recent Room Contract • Contract - 13,000 Room Nights - 24 Months • Room for Growth in ADR • Seller Financing Available
PROPERTY TAXES
| Parcel Number | 03-25-28-4076-0001-0020 | Improvements Assessment | $1,477,400 |
| Land Assessment | $1,713,200 | Total Assessment | $3,190,600 |
PROPERTY TAXES
Listing ID: 17948150
Date on Market: 12/12/2019
Last Updated:
Address: 2934 Polynesian Isle Blvd, Kissimmee, FL 34746
The North Kissimmee Hospitality Property at 2934 Polynesian Isle Blvd, Kissimmee, FL 34746 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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