For Sale
$14,000,000

9740 Commerce Center Ct Fort Myers, FL 33908

120-key hotel, excellent location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 120-key extended-stay hotel in Fort Myers, Florida, presents a lucrative investment opportunity. Built in 2009, this four-story, 2.55-acre property boasts a recently renovated interior, including a complete first-floor update and a new roof installed in 2023. Over $1 million in renovations have enhanced this interior corridor hotel, which features an outdoor pool, fitness center, 24-hour market, banquet space, conference room, laundry facilities, and ample outdoor parking. Its strategic location off Summerlin Road (36,500 AADT) and Bass Road (13,900 AADT) provides easy access to major demand generators, including Fort Myers Beach, Southwest Florida International Airport (14.2 miles), Sanibel Island, and Florida Gulf Coast University (14.3 miles). The property's strong performance is evident in its recent revenue figures: 2022 room revenue totaled $3,603,637, with an ADR of $117.52, 69.8% occupancy, and a RevPAR of $82.01. In 2023, room revenue reached $3,161,961, with an ADR of $117.40, 61.2% occupancy, and a RevPAR of $71.82. Nearby attractions include Lakes Park (3.6 miles), Fort Myers (6.4 miles), Gulf Coast Medical Center (6.1 miles), and Six Mile Cypress Slough Preserve (8.4 miles). The asking price for this concrete structure is $14,000,000.

Highlights

  • 120-room extended-stay hotel with interior corridors, recently renovated with over $1M in improvements, including a new roof (2023) and first-floor updates.
  • Situated on 2.55 acres, built in 2009 with concrete construction.
  • Amenities include an outdoor pool, fitness center, 24-hour market, business center, meeting room, laundry facilities, and outdoor parking.
  • Excellent location off Summerlin Road (36,500 AADT) and Bass Road (13,900 AADT).
  • 2022 room revenue: $3,603,637; 2023 room revenue: $3,161,961. 2022 ADR/Occupancy/RevPAR: $117.52/69.8%/ $82.01; 2023 ADR/Occupancy/RevPAR: $117.40/61.2%/ $71.82.
  • Conveniently located near Lakes Park (3.6 miles), Fort Myers (6.4 miles), Gulf Coast Medical Center (6.1 miles), Six Mile Cypress Slough Preserve (8.4 miles), Southwest Florida International Airport (14.2 miles), and Florida Gulf Coast University (14.3 miles).

Property Details for 9740 Commerce Center Ct

Property type
Hospitality properties, Hotels
Year Built
2009
Stories
4
Lot Size (sq. ft)
111,078 SF

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.499014363545
Longitude
-81.913977785212

FAQs

What type of property is this?
Hospitality property - 120-key hotel, excellent location, high ROI.
Where is the hospitality property located?
The property is located at 9740 Commerce Center Ct Fort Myers, FL.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 120-room extended-stay hotel with interior corridors, recently renovated with over $1M in improvements, including a new roof (2023) and first-floor updates.; Situated on 2.55 acres, built in 2009 with concrete construction.; Amenities include an outdoor pool, fitness center, 24-hour market, business center, meeting room, laundry facilities, and outdoor parking.
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9740 Commerce Center Ct
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