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29807984
29808000

1653 Raymond Diehl Rd, Tallahassee, FL 32308

DG
FL SL3140783
Cushman & Wakefield - Boca Raton, Florida
Listed by Cushman & Wakefield - Boca Raton, Florida
$12,000,000
304 days on market
Updated 19 days ago

Holiday Inn Express Tallahassee Interstate-10 East

Details
APN 1108204140000
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 67,135
Keys 134
Year Built 1991
Year Renovated 2019
Stories 5
Acreage 2.260
Zoning CP

Hospitality | 134 Keys

Marketing description

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 134-room Holiday Inn Express, located in Tallahassee, Florida - Florida’s capital city. The property is a five-story, limited-service hotel that is strategically located off of Raymond Diehl Road and within close proximity Interstate-10, providing ease of access to commuters along Tallahassee's main thoroughfares and expressways. The Holiday Inn Express Tallahassee Interstate-10 East offers investors the opportunity to acquire a 134-room property that benefits from strong brand recognition, reliable demand generators including nearby government offices, Florida State University, and local healthcare centers, as well as high interstate visibility.

Investment highlights

  • Interior-Corridor, 5-Story, 134-Room Hotel

  • Garner by IHG, City Express by Marriott, Spark by Hilton or Hyatt Select Conversion Opportunity

  • Significant Development In Northeast Tallahassee ( See Pages 10-13)

    • ±900 Acre Master Development Called “The Heel”

    • $200 Million Amazon Fulfillment Center Opened In 2023 Along Interstate-10

  • Opportunity To Increase RevPAR To Competitive Set Standards And Exceed Performance Of Competition Through Strong Hands-On Management And Increased Marketing

  • Approximately 5 Miles From Downtown Tallahassee, The State’s Capital City And A Major Tourism Hotspot With A Strong Economic Profile, Diverse Employment Opportunities And Exceptional Lifestyle Options & Opportunities

  • Located Directly Off Of Interstate-10 And Within Close Proximity To Thomasville Road And Capital Circle Northeast, Providing Ease Of Access And Displaying Excellent Signage To Commuters

  • The Section Of Capital Circle Northeast Closest To The Property Has An Average Annual Daily Traffic (AADT) Count Of Approximately 52,700 Vehicles Per Day

Listing Contacts

DG
FL SL3140783
Cushman & Wakefield - Boca Raton, Florida
Listed by Cushman & Wakefield - Boca Raton, Florida

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