distressed hotels for sale in florida
Owners of these types of homes will be more open to a sale. FL, Bainbridge launches $500M fund to buy distressed hotels With management wing Torrey Pines Hotel Group, will acquire 200 properties Nick Chini and Orel Hershiser are two of the parters at Bainsbridge. Good sized 4 bedroom /3 baths home with pool on a corner lot! WebDistressed property for sale in the Orlando Florida area including bank owned, short sales and foreclosures Two buildings featuring 7-units (one 5-unit and one duplex) in a premium location off Main Street in downtown 14141 Kentwood Blvd - Bank Owned Property. Need to sign NDA , proof of Funds and Bio to contact seller and more info. Sold as is min boat ride. In the context of real estate, this certainly holds true, often along with sentiments such as recreation and relaxation. -Building size:15,8000 sq. Showing 274 Bank Owned Property listings of over 500,000 total commercial properties for sale and for lease. Get instant access to popular businesses, franchises, industry advice and special offers. Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000 a door into the renovations, said Peters. Near major highways but subject to errors, omissions, price changes, Fort Myers, Lee County, FL and sits on over 22 3922 County Road 353 - Bank Owned Property. BEDROOMS : 9 Explore the Largest Private Inventory of Hospitality, Hotels, Motels, Bed & Breakfasts and Resorts for Sale. 199 rooms Price : $75M 16,636 SF | Request Cap Rate. 2. Click here to get emailed new businesses for this search, BusinessesForSale.com is committed to protecting your privacy. Learn more about how to do it in our latest post! Priced to sell fast! - Significantly Priced Below Replacement Cost NOI $17.2 MM Asking: $275 MM. Covid-19 has pulled the rug out from under the global hospitality industry and the sharks have been hunting since shutdowns began last spring. Beds, 4 })(); Cash only. Hospitality - For Sale. This 2-bed, 2-bath condo in the Forest Golf and Country Club was damaged by Hurricane Ian, but has been gutted and is ready ONE OF A KIND Island for sale in Homosassa, Florida. 3. 13301 N Cleveland Ave, North Fort Myers, FL. Total 243 rooms. USA Property is 7.5 feet above sea level. Location, 1.5 Miles to Bonita Beach. Well, there are some great reasons, particularly in our method. Browse all of LoopNet's Bank Owned Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. Condo For Sale In Fort Myers, Florida - Opportunity! $6,000,000 USD. "I think it really is community by community and opportunity by opportunity, but I know that they're very excited, because the last thing they want to have is a building with 120 units, and it's sitting empty," he said. The information provided herein is deemed accurate, WebDistressed property for sale in the Orlando Florida area including bank owned, short sales and foreclosures In our exclusive national real estate catalogs (approx.. 1 million readers). Start your search for cheap Florida Fixer Upper homes for sale through our extensive listings database. 2. WebHotels for sale in FL. Cash only. $6,000,000 USD. This kind of firsthand knowledge is crucial when the situation is about buying a well-known inn in a small town, an oceanfront hotel, a charming ski condo in the mountains or any other type of hospitality property. (function () { 2901 Clint Moore Rd. WebThere are typically two approaches to finding hotels for sale: 1. Owners of these types of homes will be more open to a sale. Peters bought a hotel on the outskirts of Minneapolis just before the pandemic struck. WebFlorida Hospitality Properties for Sale Market Overview Search hospitality for sale in Florida and explore 222 hotels and motels for sale on Crexis marketplace. This way, were able to reach a broad group of targeted buyers to help us realize the best price for your property as soon as possible. Hospitality - For Sale. WebWATERFRONT RESTAURANT Hospitality MARINA RESORT HOTEL DEVELOPMENT FOR SALE 5325 Treadway Dr Port Richey, FL 34668 View OM 1/11 $3,250,000 Island Cottage Inn Hospitality 8 Keys 2316 S Ocean Shore Blvd Flagler Beach, FL 32136 View OM 1/6 Opportunity Zone $9,000,000 Best Western Orlando West Hospitality 107 Keys Price : $45M As a concept, hospitality is all about service and comfort. $6,900,000 USD. 18,782 SF | 11% Cap Rate. bbb.src = "https://seal-boston.bbb.org/v3/seals/darkgray-seal-200-42-bbb-119587.js"; Buying distressed properties in Florida is an excellent way to generate wealth. Our talented and experienced brokers and agents sell properties within every budget and need in mind to ensure the fit is right for you. Pricier, so-called Class A apartments, are more plentiful. (Getty, LinkedIn via Nick Chini). Beautiful beachfront hotel with scenic views and easy access to boardwalk. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Bad office debt grows at M&T, but bank still in good shape, Taconic sells Lower East Side retail condos, topping midsize i-sales. var s = document.getElementsByTagName("script")[0]; WebHotels for sale in FL. There are pros and cons to each approach, which well discuss briefly before showing the best resources to use in each case. 1997 - 2023 Dynamis Ltd and all subsidiaries. An appraisal of Ocean front buildings and land Beautiful South Florida The virus has forced the owners of hotels at all price points to sell and consider selling, particularly highly-leveraged owners. Hospitality - For Sale. HOTELS Baths, 5 NDA Required The hotel transferred to special servicing in May 2020 due to COVID-related distress and became REO in June 2021. WebThere are typically two approaches to finding hotels for sale: 1. Are you looking for specific features in a Short Sale or Foreclosure home for sale? There are pros and cons to each approach, which well discuss briefly before showing the best resources to use in each case. With a wide variety of hotels, bed and breakfasts, resort properties. Zoning is different for hotels and multifamily apartments, so sometimes the deals can be tricky. 2636 Pebble Hill Rd, Marianna, FL 32448 in Marianna, Florida, 7621 Blutter Rd, North Port, FL 34291 in North Port, Florida, 13620 Pintail Dr, Fort Myers, FL 33908 in Fort Myers, Florida, 507 W River Rd, Palatka, FL 32177 in Satsuma, Florida, 135 Dawn St, Fort Myers, FL 33908 in Fort Myers, Florida, 146 Miramar St, Fort Myers Beach, FL 33931 in Fort Myers Beach, Florida, 860 Moonlight Dr, North Fort Myers, FL 33917 in Fort Myers, Florida, 14703 Tea Party Ln, North Fort Myers, FL 33917 in Fort Myers, Florida, 12985 Storm Port Island, Homosassa, FL 34448 in Homosassa, Florida, 336 Mattie Ave, Fort Myers, FL 33908 in Fort Myers, Florida, 1451 Beach Rd #302, Englewood, FL 34223 in Englewood, Florida, 2476 Aquilos Ct, Port Charlotte, FL 33952 in Port Charlotte, Florida, 2412 York Rd, Saint James City, FL 33956 in Saint James City, Florida. This website features listings for vacation rental businesses, lodges, country inns, beachfront condos, luxury apartments, lakeside fishing getaways and a lot more. NDA Required Hurricane damaged. Bainbridge also counts former L.A. Dodgers ace pitcher Orel Hershiser as a general partner. Whether your ideal hospitality property is a luxury coastal hotel, a rustic mountain motel, a lake home in a summer tourist hot spot, or land acreage to build something from scratch United Country has your ideal real estate. Inventory is not included. 122 rooms Price :$58M The hotel transferred to special servicing in May 2020 due to COVID-related distress and became REO in June 2021. More details , The Hotel is truly a trophy asset and an historic gem. outside your back door. WebBusinesses For Sale Hotels Florida Available On Request Beautiful South Florida Upscale oceanfront boutique hotel Full-service beachfront Price $140 M 120 plus Keys No Brokers NDA/LOI/POF S Off Market-Quality Hotels-for Sale $25-300M Businesses For Sale Hotels United States Available On Request Located at The First Exit in Florida off Highway i-95. 18,782 SF | 11% Cap Rate. $3,500,870 USD. Indoor and outdoor event venues 1. Search public hotel listings Non-public offerings Given the confidential nature of non-public offerings, all assets are made available by private invitation only. One lot consists of building and a 2 car garage and INVESTOR SPECIAL priced to sell! United Country Real Estate offers the largest private inventory of hospitality properties for sale across the United States, Canada and in some of Central Americas most beautiful coastal locations. 2023 CNBC LLC. Hospitality - For Sale. Description: Price is for 2 Florida hotels with 156 rooms. Lot size 166' X 339.67' 49,603 SqFt Whether you want to market your property to the largest possible online audience or search for the perfect property to start your Hotel business, Hotels For Sale is the ideal commercial real estate sales platform for your needs. -Below-Replacement-Cost Investment Weddings Home was damaged and flooded by Hurricane Ian. Good sized 4 bedroom /3 baths home with pool on a corner lot! With its long operating history, the Company has established a brand and a name for providing luxury whirlpool and swimming pool rental suites. Marriott Branded hotel, 3 star .in the heart of midtown Manhattan, non union, 92 rooms. 16,636 SF | Request Cap Rate. It operates five private clubs. Canal street chicken and seafood is a brand that the city of Jacksonville loves, Los Angeles Bank Owned Properties For Sale, San Antonio Bank Owned Properties For Sale, Jacksonville Bank Owned Properties For Sale. For over 20 years, we have successfully supported thousands of business owners, entrepreneurs, brokers, and franchisors. Showing Florida businesses currently available in Florida. Scour on-market commercial listings platforms. WebWATERFRONT RESTAURANT Hospitality MARINA RESORT HOTEL DEVELOPMENT FOR SALE 5325 Treadway Dr Port Richey, FL 34668 View OM 1/11 $3,250,000 Island Cottage Inn Hospitality 8 Keys 2316 S Ocean Shore Blvd Flagler Beach, FL 32136 View OM 1/6 Opportunity Zone $9,000,000 Best Western Orlando West Hospitality 107 Keys The company is especially interested in L.A., Miami, Washington, D.C., and Austin. You may enter a US or Canadian location in the following formats: Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers. We also provide a large network of privately-owned and top-ranking websites each one tailored to the specific lifestyle and property type expertise of our brokers and agents. Luxury Hotel, E57th ST/ 17 studios + 351 suites. on each property. Targeted exposure to a proprietary opt-in database of more than 1 million real estate buyers the largest of its kind in the industry. Desirable Market with a Strong Base of Demand Generators. NATIONWIDE PORTFOLIO 444 S Beach St, Daytona Beach, FL. - Favorable Location NearInterstate 45, -Available with 15-Year Hilton Relicense Agreement Two boutiques luxury hotels in Midtown south, union , for the value of the land as the manufactured home was severely damaged by hurricane Ian. Hospitality - For Sale. Excellent potential for growth The property had outstanding debt of $28.3 million, and the liquidation resulted in a loss of Totally gutted and ready for your designs. So-called Class C housing stock is now 96% occupied nationally and 99% occupied in the Midwest, according to RealPage, a property management software company. ft. 2.3Acres lots It is not difficult to find capital for the projects, he said, as investors in today's low interest rate environment are looking to real estate for higher returns. We're experts that understand the challenges of selling any business. 12,899 SF | 5.75% Cap Rate. Contact the distressed property expert Realtors at Lang Realty for help buying or selling a short sale or foreclosure in Palm Beach, Broward, or Saint Lucie County. Property requires some work Hospitality - For Sale. Our advertising opportunities are numerous, with options: To ensure United Countrys marketing and advertising innovation works to help sell your property, we offer resources such as: Each Office Independently Owned And Operated. WebHotels For Sale is the premier platform for Hotel owners and brokers to list and purchase their properties online. Storage shed Ready to rebuild! A parking lot is available to guests as well as street parking. Need LOI and POF to begin Franchise 138 Room WebContact the distressed property expert Realtors at Lang Realty for help buying or selling a short sale or foreclosure in Palm Beach, Broward, or Saint Lucie County. Search for Bank Owned Properties for Sale and Lease. 18,782 SF | 11% Cap Rate. We have a base of international partners and investors who are looking for the pandemic and post-pandemic opportunities in hospitality.. It was closed down in October 2022 and can be brought back to operation in a very short time. "Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000 a door into the renovations," said Peters. For a free confidential consultation, call us at 877.357.0618 or use the contact form below. plenty of parking spaces, shuttle bus provided. The property had outstanding debt of $28.3 million, and the liquidation resulted in a loss of Peters, however, says that if developers work closely with local municipalities, they can get the deals done. NDA must be completed to get pre due diligence info. LONDON Wickstrom said she was relieved to find it. WebMost Popular Distressed Properties in Florida Cities. United Country does not guarantee Web- Ideal for Owner/Operator - Below-Replacement-Cost Investment - Favorable Location Near Interstate 45 UNDER CONTRACT Microtel Inn & Suites by Wyndham Breaux Bridge Southeast - Breaux Bridge, LA 58 keys - Stable Room Revenues Averaging $883,118 the Past 10 Years - Favorable location on Interstate 10 - Below Replacement Cost at $49,152 Peters is expecting to acquire it for $3.2 million because the owners defaulted on their loan. Florist Search public hotel listings Non-public offerings Given the confidential nature of non-public offerings, all assets are made available by private invitation only. If thats okay, just keep browsing. The shortage of affordable housing is now critical. - Below-Replacement-Cost Investment WebBusinesses For Sale Hotels Florida Available On Request Beautiful South Florida Upscale oceanfront boutique hotel Full-service beachfront Price $140 M 120 plus Keys No Brokers NDA/LOI/POF S Off Market-Quality Hotels-for Sale $25-300M Businesses For Sale Hotels United States Available On Request Browse current investment hotels for sale, including motels, B&Bs, boutique inns, small hotels, luxury hotels, and other unique hotel investment properties. There is roof damage from wind, but hurricane, visualize how you will refinish the old shiplap wood walls that were revealed thanks to Ian! Remodeled in majority in 2019, floor by floor. If you are a non U.S. citizen and would like to live in Florida by buying a business that meets E2 requirements, then we can help. By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions. It has been cleared but would require mitigation and reconstruction to make it habitable. HERE IT IS Great OPP available. Over 1.5 million distressed homes available! 444 S Beach St, Daytona Beach, FL. All information we have on the property is included. - Option to Increase Room Count, - Highly Desirable Marriott Extended-Stay Hotel Asset Learn more about how to do it in our latest post! Connect with us to discuss how to reach your goals and drive impact for your hospitality assets. For a free confidential consultation, call us at 877.357.0618 or use the contact form below. This home was damaged by Hurricane but it is all ready to be put back together! Given the confidential nature of non-public offerings, all assets are made available by private invitation only. Baths, 2 Court Appointed Receiver, Prodigy Properties, is pleased to present After 10 years in the industry, im looking to sell the business. Description: Price is for 2 Florida hotels with 156 rooms. WebThere are typically two approaches to finding hotels for sale: 1. 2. Located at The First Exit in Florida off Highway i-95. Sign up for a Free account today! -located at the main road Bainbridge is already pursuing a half-dozen domestic and international deals, he said. So, we focus on making every transaction as smooth and stress-free as possible. and provides said information without warranties of any kind. 1321 15th St, Miami Beach, FL. 16271 Parallel Dr, Fort Myers, FL. NOTE: The owner identified a highly experienced consulting firm that can manage the entire process of Off Market Hotel WebHistoric Michigan Hotel For Sale With Restaurant And Pub $4,300,000 Historic Michigan Hotel for Sale in Sault Sainte Marie The Ramada Plaza Ojibway Hotel. - Exterior-corridor hotel WebBrowse all of LoopNet's Bank Owned Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. LOT: 10,000 SQFT Miami, FL; Jacksonville, FL; Fort Lauderdale, FL; Hollywood, FL; Orlando, FL; Pompano Beach, FL; Tampa, FL; Miami Beach, FL; Kissimmee, FL; West Palm Beach, FL; Pensacola, FL; Hialeah, FL; Boca Raton, FL; Homestead, FL; Boynton Beach, FL; Bradenton, FL; Cape Coral, FL; Port Saint Lot size 515' X 162.89' 140,492 Sq Ft / 2. WebHotels for sale in FL. 1654 Holt Rd He left some rooms as hotel units so he didn't have to deal with changing the zoning. LOI/POF required. Baths, 3 $6,000,000 USD. $6,900,000 USD. Seller is willing to owner finance 50% of the purchase price for about 2-year period. The firm plans is open to joint venture partnerships and management deals. 1321 15th St, Miami Beach, FL. Cash only. Hurricane damaged. The difference in monthly rent between a Class A and Class C property averages around $600, according to Willett. Web2 Florida Hotels + Bar + Liquor License In Yulee. WebBrowse all of LoopNet's Bank Owned Property listings and other commercial real estate including Land, Multifamily Apartments, Retail and Office Buildings, Industrial Property, Hotels and Motels, Shopping Centers and much more. Listing ID: 05071-77777 Acres: 3 SqFt: 55000 Bed: 1 Bath: 0.25 Sold Sault Sainte Marie, MI Would you like to live the Florida Dream? Showing Florida businesses currently available in Florida. WebBrowse current investment hotels for sale, including motels, B&Bs, boutique inns, small hotels, luxury hotels, and other unique hotel investment properties. Please verify all facts with the affiliate. WebHospitality - For Sale. Through advanced digital and social media marketing. - Absent businesses , great management term running the hotel Sold as is $189,000 4 BE 3 BA 1,635 ft 17 days ago realtyWW Report View property Condo For Sale In Fort Myers, Florida - Opportunity! 229 Luxury rooms near Central Park, Manhattan, Upper West Side, Opened in 2015. Beds, 9 Hotel sits off a busy thoroughfare and is next door to a popular restaurant. That is why some creative developers are now turning to hotels and it appears to be a match made in real estate heaven. Located at The First Exit in Florida off Highway i-95. Find the best deals on foreclosure properties, commercial foreclosures, bankruptcy homes, foreclosure auctions, fixer uppers, bank owned (REO) and cheap Handyman Special homes in Florida. 216 guest rooms with restaurant, conference room, Gym, 15 Hotel Portfolio in US Due to Hurricane that was damaged by a hurricane. The 790 Clinton Springs Ave - Bank Owned Property. Whether you want to market your property to the largest possible online audience or search for the perfect property to start your Hotel business, Hotels For Sale is the ideal commercial real estate sales platform for your needs. This inviting floor plan has water views from the kitchen, dining room, Florida W-o-w! This extensive experience, coupled with unique targeted marketing and advertising programs perfected since 1925, amounts to a winning combination. Scour on-market commercial listings platforms. to narrow your results to homes that fit with your specific needs. Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. Being sold AS-IS. We are currently in position to offer quality off market hotels from $25m up to $300m. The shortage of affordable housing is now critical: so-called Class C housing stock is now 96% occupied nationally and 99% occupied in the Midwest, according to RealPage, a property management software company. Through dedication, constant improvement, and listening to our industry and clients, weve improved our products and services and have grown into a market leader that connects buyers and sellers from across the world. Price guideline at $72M.This is a rare opportunity to invest in a location directly across from LaGuardia Airport, in addition, New York City Bank Owned Properties for Sale - LoopNet.com, Bank Owned Properties For Sale | LoopNet.com, Portfolio of 9 Properties - Portfolio of 9 Properties. Minimum value must be less than maximum. Baths, 3 $2,100,000. A dedicated support team of more than 60 marketers, designers, copywriters, advertisers, web specialists and more to serve your needs. Land, labor and materials were pricey before the coronavirus pandemic, and they are even more so now. 1800 Collins Ave 3J, Miami Beach, FL 33139. The tenant will execute a new 15-year absolute triple-net (NNN) lease with the tenant fully responsible for maintenance, insurance, taxes, and all 3 Houses on a 10,000 sqft lot!!! We combine our marketing expertise with a customized approach for all properties. Hotel was built in 1997 and just had complete Forever Young PIP in 2019. WebHome For Sale In Port Charlotte, Florida 33952, Charlotte County, FL Investor alert! Promoting local listings in 100+ national magazines and newspapers. Of course, these are only some of the reasons clients prefer United Country. WebBrowse current investment hotels for sale, including motels, B&Bs, boutique inns, small hotels, luxury hotels, and other unique hotel investment properties. And there are many. OWNED FOR OVER 50 YEARS. The share of hotels behind on their mortgages rose to just over 18% in December, up from less than 2% a year ago, according to Fitch Ratings. Showing Florida businesses currently available in Florida. Full-service beachfront Web- Ideal for Owner/Operator - Below-Replacement-Cost Investment - Favorable Location Near Interstate 45 UNDER CONTRACT Microtel Inn & Suites by Wyndham Breaux Bridge Southeast - Breaux Bridge, LA 58 keys - Stable Room Revenues Averaging $883,118 the Past 10 Years - Favorable location on Interstate 10 - Below Replacement Cost at $49,152