Fort Myers, Florida, is a prime location for investing in hotels, with its rich history, cultural attractions, and strong tourism industry. Hotels in Fort Myers offer a unique opportunity for investors to capitalize on the city's popularity as a tourist destination and gateway to the Southwest Florida region. As a significant sector in the local economy, hotels cater to the influx of visitors drawn to the city's historical sites, such as the winter estates of Thomas Edison and Henry Ford, and its natural beauty. With a diverse range of amenities, including the Calusa Nature Center and Planetarium, City of Palms Park, and Edison Mall, Fort Myers provides an attractive environment for hotel investors. The city's infrastructure, including Southwest Florida International Airport and Page Field, ensures easy access for visitors, making it an ideal location for hotel investments. Additionally, the presence of major employers like Chico's FAS, Inc. and NeoGenomics contributes to a strong local economy, further supporting the hotel industry.
With 4 hotels for sale in Fort Myers, investors have a range of options to choose from. The average price per square foot for hotels in Fort Myers is $244 USD, with an average size of 66,367 square feet. The largest hotel available for sale spans 95,980 square feet. Fort Myers also offers a competitive average cap rate of. In addition to hotels, Fort Myers offers a range of other investment opportunities, including restaurants, apartment buildings, and shopping centers. The city's restaurants, such as those in the Historic Downtown waterfront entertainment district, offer a unique dining experience, while apartment buildings provide a steady income stream. Shopping centers, like Edison Mall, attract visitors and locals alike, making them a valuable investment opportunity. Overall, Fort Myers presents a compelling case for hotel investors, with its strong economy, rich history, and diverse range of amenities.
What factors should I consider when buying a hotel in Fort Myers?
When considering buying a hotel in Fort Myers, there are several key factors to take into account, including:
- The local tourism industry, which is a significant contributor to the city's economy, and the potential for your hotel to capitalize on the area's attractions, such as the Edison and Ford Winter Estates and the Calusa Nature Center and Planetarium.
- The current market conditions, with 4 available listings of hotels in Fort Myers, and the average price per square foot of $244 USD, average size of 66,367 square feet, and largest size of 95,980 square feet.
- The financial aspects, including the average cap rate of and the potential for securing CRE loans or commercial real estate loans, as explained in our article at CRE loans.
How is the value of a hotel for sale typically calculated?
When evaluating a hotel for sale in Fort Myers, the value is typically calculated through a combination of factors, including the property's income potential, expenses, and market conditions. A comprehensive CRE appraisal, as outlined in our article at CRE appraisals, can provide a detailed analysis of these factors to determine the hotel's value, taking into account the local market, competition, and economic trends.
