Sign Up Now. on each property. In the context of real estate, this certainly holds true, often along with sentiments such as recreation and relaxation. The property had outstanding debt of $28.3 million, and the liquidation resulted in a loss of - Unencumbered byDebt and Management Agreement The world is going through a period of great economic change and disruption, said Nick Chini, a managing partner at Bainbridge Investments. $6,900,000 USD. But that creates an opportunity for investors, like David Peters in Minneapolis, who is buying distressed hotels at bargain basement prices, and converting them to affordable apartments. WebMost Popular Distressed Properties in Florida Cities. 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. NDA Required If thats okay, just keep browsing. Get instant access to popular businesses, franchises, industry advice and special offers. Scour on-market commercial listings platforms. Over 85% occupancy. Baths, 3 Court Appointed Receiver, Prodigy Properties, is pleased to present After 10 years in the industry, im looking to sell the business. Upscale oceanfront boutique hotel Property is 7.5 feet above sea level. $6,000,000 USD. 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. First Name - and sits on over 22 3922 County Road 353 - Bank Owned Property. Land, labor and materials were pricey before the coronavirus pandemic, and they are even more so now. Price: $1B 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. Boat/Fishing Dock that was damaged by Hurricane Irma. Browse real opportunities to buy from established and trusted sellers in the search listing results page below. 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!!! $2,100,000. Learn how to generate revenues from your hotel investments in the United States that surpass hospitality industry norms for investors. Would you like to live the Florida Dream? The property had outstanding debt of $28.3 million, and the liquidation resulted in a loss of 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 Browse real opportunities to buy from established and trusted sellers in the search listing results page below. Property requires some work Total 243 rooms. Web2 Florida Hotels + Bar + Liquor License In Yulee. 18,782 SF | 11% Cap Rate. A dedicated support team of more than 60 marketers, designers, copywriters, advertisers, web specialists and more to serve your needs. Fort Myers, Lee County, FL Owners of these types of homes will be more open to a sale. 1321 15th St, Miami Beach, FL. WebFlorida Hospitality Properties for Sale Market Overview Search hospitality for sale in Florida and explore 222 hotels and motels for sale on Crexis marketplace. 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 WebHotels for sale in FL. The firm plans is open to joint venture partnerships and management deals. 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. Home was damaged and flooded by Hurricane Ian. Need to sign NDA , POF and Bio to recieve mor info and contact to seller Over 1.5 million distressed homes available! Web275 S 34th St, Saint Petersburg, FL. Desirable Market with a Strong Base of Demand Generators. This website features listings for vacation rental businesses, lodges, country inns, beachfront condos, luxury apartments, lakeside fishing getaways and a lot more. $3,500,870 USD. -located at the main road Luxury Hotel. We have a base of international partners and investors who are looking for the pandemic and post-pandemic opportunities in hospitality.. Bank Owned Properties for Sale - LoopNet.com, Bank Owned Properties For Sale | LoopNet.com, Portfolio of 9 Properties - Portfolio of 9 Properties. 18,782 SF | 11% Cap Rate. The company is especially interested in L.A., Miami, Washington, D.C., and Austin. Standard rooms don't require all that much work, either. And there are many. Fort Myers, Lee County, FL Showing Florida businesses currently available in Florida. Hospitality - For Sale. Need LOI and POF to begin Lot size 515' X 162.89' 140,492 Sq Ft / Click the links below to sort results by price range. bbb.async = true; Celebratory events 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. DealStream - The Marketplace For Entrepreneurs, $1.8M EBITDA: Boutique Hotel & Event Venue, Hotel - 475 Keys + $62m Owner Finance 50% Down, Upscale Oceanfront Boutique Hotel S.FL $140M, Off Market-Quality Hotels-for Sale $25-300M, Stylish Branded Two Hotels by NY LaGuardia Airport, Off Market 15 Hotel Portfolio in US For Sale, Latest NY & US Off Market Hotels For Sale, Mid Level Brand FL 100+ Rms $9.6m No Brokers, A Spacious Property With Unlimited Potential. (Getty, LinkedIn via Nick Chini). A Division of NBCUniversal. 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. 444 S Beach St, Daytona Beach, FL. As a concept, hospitality is all about service and comfort. Become a FREE LoopNet Member to search hundreds of thousands of Bank Owned Properties for sale and other commercial properties for sale and for lease throughout the U.S. and Canada. 16271 Parallel Dr, Fort Myers, FL. 1321 15th St, Miami Beach, FL. Hospitality - For Sale. 16271 Parallel Dr, Fort Myers, FL. For over 20 years, we have successfully supported thousands of business owners, entrepreneurs, brokers, and franchisors. 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. Learn more about how to do it in our latest post! Of course, these are only some of the reasons clients prefer United Country. Web275 S 34th St, Saint Petersburg, FL. All information we have on the property is included. 1. EBITDA around 10 Mn USD. The latest surge in coronavirus cases has only made the situation worse for workers and hotel owners around half a million industry jobs were lost last month alone. 216 guest rooms with restaurant, conference room, Gym, Nice appliances! That is why some creative developers are now turning to hotels and it appears to be a match made in real estate heaven. bbb.type = "text/javascript"; prior sale or withdrawal. "We can offer the potential residents a better value, and we can offer the investors a good solid return, so I've actually seen a fairly high amount of interest in it," Peters said. Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. NOI $17.2 MM Asking: $275 MM. - Onsite Living Quarters, Ideal for Owner/Operator 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! - Strategically Located Five Miles from Downtown Houston Location, 1.5 Miles to Bonita Beach. For a free confidential consultation, call us at 877.357.0618 or use the contact form below. Start your search for cheap Florida Fixer Upper homes for sale through our extensive listings database. SQFT: 3,158 Capturing the essence of the South Beach lifestyle. Peters has two other deals in the works, another in Minnesota and one in Sioux Falls, South Dakota. Los Angeles-based Bainbridge DXS and its management wing, Torrey Pines Hotel Group, plan to acquire up to 200 properties over the next 15 years with a focus on distressed properties, according to the Los Angeles Business Journal. It was closed down in October 2022 and can be brought back to operation in a very short time. Constructed of Concrete Block in 1998. In August, Miami-based CGI Merchant group said it was planning to launch a $500 million fund to invest in distressed and value-add hotels in North America and the Caribbean that would be branded as Hilton properties. Sign up for a Free account today! 1997 - 2023 Dynamis Ltd and all subsidiaries. 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. Our real estate agents live where they work, giving them an understanding of their local market that cant be beat. Direct buyers only. Find distressed properties for sale and all kinds of cheap fixer upper homes & handyman specials in our huge database. and best of all walk around dock, and 2 boat lifts. Great opportunity in Keizer. 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. LoopNet also attracts the largest community of commercial real estate professionals looking for Bank Owned Properties with more than 7 million members comprised of brokers, corporate executives, service providers, and more than 3 million buyers, tenants and other principals. Near major highways Were not just the largest international business advertising platform. Listing ID: 05071-77777 Acres: 3 SqFt: 55000 Bed: 1 Bath: 0.25 Sold Sault Sainte Marie, MI In our exclusive national real estate catalogs (approx.. 1 million readers). Get access to over 20,000 unique business listings and discover your next investment opportunity. Hotels for Sale | US Hotel & Motel Listings | Avison Young - United States. -Below-Replacement-Cost Investment This home was damaged from Hurricane Ian. Description: Price is for 2 Florida hotels with 156 rooms. 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. Storage shed Ready to rebuild! Hurricane damaged. Domino's Pizza lot nearby sold for $100,000 in year 2017 and is similar in size. Please use the filters on the left to narrow your Good sized 4 bedroom /3 baths home with pool on a corner lot! The hotel transferred to special servicing in May 2020 due to COVID-related distress and became REO in June 2021. WebHome For Sale In Port Charlotte, Florida 33952, Charlotte County, FL Investor alert! For a free confidential consultation, call us at 877.357.0618 or use the contact form below. Baths. WebHotels for sale in FL. If you have a hospitality property youre considering selling, you might wonder why you should choose United Country. 2. With a wide variety of hotels, bed and breakfasts, resort properties. about the hotels for sale. 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. 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 Cash only. 12,899 SF | 5.75% Cap Rate. 1 Hotel includes 100 rooms on 4.51 acres + full bar + liquor license + restaurant + kitchen + More details , HS Listing ID-18523. Promoting local listings in 100+ national magazines and newspapers. Hotel was built in 1997 and just had complete Forever Young PIP in 2019. Located at The First Exit in Florida off Highway i-95. "What we saw when the pandemic struck was even more demand for the micro-apartment style of affordable housing," Peters said. The property consists of 2 separate buildings. LOI/POF required. 15 Hotel Portfolio in US WebHotels for sale in FL. Only C store that sells beer. Find motivated hotel owners looking to sell off-market. Description: Price is for 2 Florida hotels with 156 rooms. WebThere are typically two approaches to finding hotels for sale: 1. 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! The virus has forced the owners of hotels at all price points to sell and consider selling, particularly highly-leveraged owners. To get more info and contact to seller , you must sign NDA , and provide Bio and POF Ian damaged house! Zoning is different for hotels and multifamily apartments, so sometimes the deals can be tricky. Luxury Hotel, E57th ST/ 17 studios + 351 suites. 12,899 SF | 5.75% Cap Rate. This property is more than what you can see from the street, or the sky for one thing, it's already approved by Reading Oldacre McDonald is pleased to offer for sale a newly constructed Whataburger strategically located in one of Nashvilles top submarkets ESTATE SALE. CMBS transactions incurred approximately $36.7 million in realized losses during March via the workout of distressed assets. Location, location, location! Need to sign NDA , Proof of funds and Bio to recieve full info , seller , locations etc })(); Hospitality - For Sale. Baths, 3 Dutch bro's, Starbucks, Rosewood Realty Group has been exclusively retained to run the Bankruptcy Sale of 9201 4th Avenue in Brooklyn. We specialize in E2 Visa Assistance. Florida Location: Yulee, Florida, US. Showing 274 Bank Owned Property listings of over 500,000 total commercial properties for sale and for lease. Inventory is not included. Their management fees are 2% and the agreement is ready to sign. More details , The Hotel is truly a trophy asset and an historic gem. 1800 Collins Ave 3J, Miami Beach, FL 33139. There are pros and cons to each approach, which well discuss briefly before showing the best resources to use in each case. Priced to sell fast! "All the Class C product that exists consists of older properties where rents are simply under the rates for newer communities.". WebHospitality - For Sale. Many top hotels are cutting rates to make the transition through debt restructuring or even foreclosure as seamless as possible. Full-service beachfront Are you looking for specific features in a Short Sale or Foreclosure home for sale? This home was damaged by hurricane Ian, but quickly and professionally remediated. 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