2681 North Monroe Street, Tallahassee, FL 32303 For Sale

The Econo Lodge North Tallahassee is an 82-room economy hotel situated on 1.92acres along one of Tallahassee's primary commercial corridors. The asset underwent a comprehensive renovation in 2025, withover $300,000 in capital improvementsincluding a new roof, parking lotresurfacing, and full bathroom renovations.Operating under the Econo Lodge/ChoiceHotels flag, the property is well-positionedto capture diversified demand from theFlorida State Capitol, FSU, FAMU, and Tallahassee International Airport.

Tallahassee serves as Florida's state capital and home to two major universities, Florida State University and Florida A&M University, generating a diversified, year-round demand base that distinguishes it from Florida's leisure-dependent markets. Government activity anchors midweek occupancy throughout the year, with the annual Legislative Session (January–March) driving sustained compression as lobbyists, agency contractors, and state officials fill the market. University-driven demand including athletics, commencement, conferences, and campus events — layers additional compression periods across the calendar.

The city's economy is anchored by state government, higher education, and healthcare, providing a recession-resistant demand profile with limited exposure to seasonal swings. Tallahassee International Airport (TLH) is actively expanding its facilities, supporting growing air travel demand into the market. With no single demand driver dominating the mix, Tallahassee offers the stability of an institutional market with consistent revenue performance.