For Sale
$9,000,000

481 Deltona BlvdDeltona, FL 32725

130-key hotel, high ROI potential, renovated 2022

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 130-key Travelodge by Wyndham hotel in Deltona, Florida. Boasting 71,146 square feet across three buildings on a 3.67-acre lot, this property offers significant upside potential. The hotel, built in 1965 and extensively renovated in 2022, features 130 guest rooms, including two two-room suites, and provides ample parking for 200 vehicles. The main building includes a spacious reception area with administrative offices, a front desk, a lounge, a breakfast area, and an unfinished space ideal for expansion into a meeting room or restaurant. Guests enjoy a refreshing pool and patio area. The property's strong location in Volusia County, at 481 Deltona Blvd, Deltona, FL 32725, benefits from proximity to major highways, dining establishments (including Miller's Ale House and Donuts Plus), and recreational amenities at Green Springs Park. Nearby medical facilities like AdventHealth Fish Memorial and educational institutions such as Daytona State College further enhance the area's appeal. The hotel currently operates at 48% occupancy, generating a Net Operating Income (NOI) of $569,219 and a 6.32% cap rate. The asking price is $9,000,000, representing a price per key of $69,231 and a price per square foot of $126.50. The property is zoned C2 - General Commercial and has an APN of 803613-0000-10. This is an owner/user investment opportunity with significant potential for increased revenue and profitability.

Highlights

  • Excellent Deltona, FL location with easy access to major highways.
  • Nearby amenities include Miller's Ale House, Donuts Plus, and Green Springs Park.
  • Strong investor appeal due to a vibrant business district, AdventHealth Fish Memorial, and Daytona State College.
  • Close proximity to Daytona Beach and its attractions.

Property Details for 481 Deltona Blvd

Property type
Hospitality properties, Hotels
Square Feet
71,146 SF
Year Built/Renovated
1965/2022
Buildings
3
Stories
2
Lot Size (sq. ft)
159,865 SF

Location Insight

City
Deltona
County
Volusia
State
Florida
Latitude
28.8747744
Longitude
-81.2807455
481 Deltona Blvd, Deltona, Florida

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481 Deltona Blvd
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