What is the story about?
What's Happening?
HVS Brokerage & Advisory, in collaboration with Eric Vincent Guerrero, has announced the sale of the Hampton Inn & Suites by Hilton located in Orlando-Apopka, Florida. The hotel, which has 81 keys, has shown robust financial performance since 2022, with room revenue averaging over $3,060,000. The sale also includes the adjacent 77-key Holiday Inn Express & Suites, offering a portfolio opportunity for potential buyers. The property underwent significant renovations between December 2018 and November 2019, and Hilton is prepared to offer a new 15-year franchise agreement to the new owner. The hotel is strategically located along U.S. Highway 436, benefiting from high visibility and proximity to various demand generators such as the University of Florida’s Pest Management University and AdventHealth Apopka Hospital.
Why It's Important?
The sale of Hampton Inn & Suites presents a significant investment opportunity in a growing market. The hotel's strong financial performance and strategic location make it an attractive asset for investors looking to capitalize on the area's economic growth. Apopka is experiencing substantial development, including projects like Logistics 429 @ Apopka Ridge and Wyld Oaks, which are expected to drive further demand for hospitality services. The inclusion of the adjacent Holiday Inn Express & Suites in the sale offers potential for operational efficiencies and increased net operating income. This transaction could influence the local hospitality market by attracting more investment and enhancing the area's economic landscape.
What's Next?
Potential buyers will have the opportunity to leverage the hotel's existing revenue streams and explore new operational strategies, as the property is offered without management encumbrances. The ongoing developments in Apopka, such as the Wyld Oaks mixed-use project, are likely to increase demand for hotel accommodations, providing further growth potential for the new owner. The strategic location and recent renovations position the hotel well for continued success, and the new franchise agreement with Hilton ensures long-term brand alignment.
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