Candlewood Suites Fort Myers-Sanibel Gateway | 9740 Commerce Center Ct
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Candlewood Suites Fort Myers-Sanibel Gateway 9740 Commerce Center Ct
120 Room Hotel Fort Myers, FL 33908 $14,000,000 ($116,667/Room)
Investment Highlights
- 2022 Room Revenue of $3,603,637
- 120-Rooms - Interior Corridor - Extended Stay
- New Roof Installed in 2023
- 2023 Room Revenue of $3,161,961
- Recently Renovated - Over $1M in Renovations - First Floor Updated
Executive Summary
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
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $14,000,000 | Building Size | 34,157 SF |
| Price Per Room | $116,667 | No. Rooms | 120 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 2009/2019 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 4.51/1,000 SF |
| Lot Size | 2.55 AC | Corridor | Interior |
| Price | $14,000,000 |
| Price Per Room | $116,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.55 AC |
| Building Size | 34,157 SF |
| No. Rooms | 120 |
| No. Stories | 4 |
| Year Built/Renovated | 2009/2019 |
| Tenancy | Single |
| Parking Ratio | 4.51/1,000 SF |
| Corridor | Interior |
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 120 | $164.00 | - |
PROPERTY TAXES
| Parcel Number | 04-46-24-07-00000.00D0 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $10,095,066 (2024) |
PROPERTY TAXES
Parcel Number
04-46-24-07-00000.00D0
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$10,095,066 (2024)
zoning
| Zoning Code | CPD |
| CPD |
-
Suraj Dalal -
Kabani Hotel Group Inc.
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Candlewood Suites Fort Myers-Sanibel Gateway | 9740 Commerce Center Ct
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