Westgate Inn | 9200 US Highway 192
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Westgate Inn 9200 US Highway 192
198 Room Hotel Clermont, FL 34714 For Sale
Investment Highlights
- Excellent location 6 miles west of Walt Disney World
- Redevelopment potential in a dynamic neighborhood for one or more hotels, or mixed use
- Opportunity to convert to workforce apartment housing without a rezone
- Potential for seller financing
Executive Summary
Contact broker for pricing!
This property is back on the market. This is a former 197 unit hotel that was originally the Westgate Inn. It was planned for conversion in to a Howard Johnson by Wyndham, but funding never occurred, and the hotel has been vacant for a lengthy period of time. Highest and best use is for work force housing conversion, or demolition and redevelopment as potentially 2 new hotels, or mixed use. Most commercial uses are allowed. The property was recently under contract for conversion of the hotel in to work force housing plus partial demolition an construction of a 7-story hotel on the highway frontage. Thie site is in the “Four Corners area”, as the boundary lines of 4 counties come together in this general location. The site is located approximately 6 miles from Walt Disney World, or an approximate drive time of 10 to 15 minutes. This regional location is growing rapidly, with strong occupancy rates for hotels. The property is located approximately one mile east of the high growth US 27 corridor. The site is level and approximately rectangular. There is 290 feet of frontage on US 192.
This property is back on the market. This is a former 197 unit hotel that was originally the Westgate Inn. It was planned for conversion in to a Howard Johnson by Wyndham, but funding never occurred, and the hotel has been vacant for a lengthy period of time. Highest and best use is for work force housing conversion, or demolition and redevelopment as potentially 2 new hotels, or mixed use. Most commercial uses are allowed. The property was recently under contract for conversion of the hotel in to work force housing plus partial demolition an construction of a 7-story hotel on the highway frontage. Thie site is in the “Four Corners area”, as the boundary lines of 4 counties come together in this general location. The site is located approximately 6 miles from Walt Disney World, or an approximate drive time of 10 to 15 minutes. This regional location is growing rapidly, with strong occupancy rates for hotels. The property is located approximately one mile east of the high growth US 27 corridor. The site is level and approximately rectangular. There is 290 feet of frontage on US 192.
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Property Facts
Sale Type | Investment | Building Size | 64,800 SF |
Sale Conditions | Redevelopment Project | No. Rooms | 198 |
Property Type | Hospitality | No. Stories | 2 |
Property Subtype | Hotel | Year Built | 1973 |
Building Class | C | Parking Ratio | 2.33/1,000 SF |
Lot Size | 4.64 AC | Corridor | Exterior |
Sale Type | Investment |
Sale Conditions | Redevelopment Project |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 4.64 AC |
Building Size | 64,800 SF |
No. Rooms | 198 |
No. Stories | 2 |
Year Built | 1973 |
Parking Ratio | 2.33/1,000 SF |
Corridor | Exterior |
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 198 | $72.00 | - |
PROPERTY TAXES
Parcel Number | 26-25-01-488040-009820 | Improvements Assessment | $454 |
Land Assessment | $910,197 | Total Assessment | $910,651 |
PROPERTY TAXES
Parcel Number
26-25-01-488040-009820
Land Assessment
$910,197
Improvements Assessment
$454
Total Assessment
$910,651
zoning
Zoning Code | RAC-X (Commercial) |
RAC-X (Commercial) |
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Westgate Inn | 9200 US Highway 192
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