Listed by Coldwell Banker Realty
$10,200,000
TRYP by Wyndham Tallahassee
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 66,819
Cap Rate 8.00%
Year Built 1989
Acreage 2.080
Hospitality | 8.00% CAP
Marketing description
Discover the vibrant surroundings of TRYP by Wyndham Tallahassee, nestled in the heart of Florida's capital city. With a lively arts scene, diverse culinary offerings, and a bustling nightlife, the area caters to both business and leisure travelers. Its prime location provides an attractive opportunity for hospitality investors seeking a strategic foothold in this dynamic market. Explore the abundant dining, entertainment, shopping and cultural offerings that make this location a prime investment opportunity.
CLOSE PROXIMITY TO
Florida State Capitol (5.5 miles)
Florida State University (6 miles)
Florida A&M University (6.5 miles)
Alfred B Maclay Gardens State Park (1.5 miles)
Governor’s Square Regional Mall (5 miles)
Railroad Square Art District (7 miles)
Tallahassee International Airport (14 miles, 22 minutes)
Introducing a prime investment opportunity in Tallahassee, FL: 1978 Village Green Way. Renovated in 2023, the turnkey acquisition presents immediate value with a $620K upgrade. The 66,819 SF TRYP by Wyndham features 100 guest rooms (a non smoking, pet friendly property), restaurant/tavern, 24-hour front desk and business services, 24/7 fitness center, complimentary breakfast with hot options, free parking, and free highspeed Wi-Fi in rooms and throughout the property. All rooms have a desk with an ergonomic chair, flat screen HDTV, free high-speed wireless, coffee/tea maker, hair dryer, ironing amenities, bath products, and more. Family suites also include a microwave, full-size fridge and wet bar area. With upside potential through enhanced ADR and repositioning, this hotel presents a compelling opportunity for Hospitality investors seeking to capitalize on its brand strength and market potential. This property offers both turnkey operational stability and long-term appreciation potential.
Investment highlights
- WYNDHAM BRAND TRYP is a newer Wyndham midscale brand positioned for lifestyle-focus with European flair but priced and operated in the upper midscale tier. TRYP benefits from Wyndham Hotel & Resorts being the largest hotel franchising company with over 8,500 properties globally. Franchisees enjoy Wyndham’s global distribution system, marketing power and Wyndham Rewards, one of the top-rated hotel loyalty programs.
- ROOM MIX (1) Queen Master 4 (2) Queen Standard 27 (1) King and (1) Bunk Bed 56 (1) King, 1 Bedroom Family Suite 13 Total 100
- ADDITIONAL PROPERTY INFORMATION Year built – 1989 Current ownership acquired – October 2022 Recently completed property improvement program and other improvements ($620,000) Gross building square footage – 66,819 3 stories, interior corridor, concrete block construction Land size 2.08 acres Zoning – Leon County, OR-3
Listing Contacts
Listed by Coldwell Banker Realty
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