COMFORT INN OCALA SILVER SPRINGS

1212 S PINE AVE

OCALA, FL 34471


Availability: Closed

Price: $7,600,000

Address:
1212 S Pine Ave

Ocala, FL 34471

Number of Rooms: 55

Year Built: 1995

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 55-room Comfort Inn located in Ocala, Florida. The hotel is a two and three-story property built in 1995 located just east of Interstate 75 and directly off US Highway 27. Comfort Inn Ocala Silver Springs provides the opportunity for a new owner to acquire a select-service hotel in a high-growth market within the state of Florida that showed remarkable resiliency during the covid-19 pandemic. A new owner will also have the ability to drive RevPAR through growth through hands-on management, market expansion, and utilization of the Choice name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

  • Stable Hotel in a High-Growth Florida Market
  • PIP Recently Completed, Leaving Minimal Due for a New Owner
  • 2022 RevPAR Nearly Ten Percent Higher than 2021
  • Ocala Showed Outstanding Resiliency During the Covid-19 Pandemic
  • Market ADR Higher than the Comfort, Indicating Upside
  • Proximate to Silver Springs State Park, HCA Florida Ocala Hospital, Chewy Distribution Center, Paddock Mall, and More

EXCLUSIVELY LISTED BY

LEO R. REILLY

Leo.Reilly@MarcusMillichap.com

(954) 245-3487

ROBERT S. HUNTER

Robert.Hunter@MarcusMillichap.com

(954) 245-3473

BROKER OF RECORD

RYAN NEE
FL Broker of Record
954.245.3400
License: BK3154667