CANDLEWOOD SUITES MIAMI LAKES (FORMER TOWNEPLACE SUITES)

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the renovated and recently converted 94-room Candlewood Suites located in Miami Lakes, Florida, a suburb of Miami. The hotel is a three-story property built in 1999 and located just off I-75 and the Palmetto Expressway. The hotel opened as a Candlewood Suites in mid-December 2024 after being converted from a TownePlace Suites. The PIP renovation commenced in August and is expected to be completed in the first quarter of 2025. Candlewood Suites Miami Lakes provides the opportunity for a new owner to acquire a newly-renovated and converted extended stay IHG hotel in a premium Miami-Dade County location with potential to realize significant RevPAR growth through hands-on management and utilization of the IHG name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

• Fully Renovated Candlewood Suites in Miami Area Offered for Less than $135,000 Per Key
• Located in the Highly-Desirable Miami Lakes Suburb
• Miami Lakes' Population has Grown +40% Since 2000
• Proximate to Miami Lakes Research & Industrial Park, Amazon Mega Warehouse, Boeing Distribution Services, Palmetto General Hospital, Miami International Airport, and More