Hialeah, Florida, is an attractive destination for investors seeking to capitalize on the city's growing hospitality industry. With 2 hotels for sale, Hialeah offers a diverse range of investment opportunities. Hotels in Hialeah can represent a lucrative investment, providing a steady stream of revenue through room bookings, food and beverage sales, and other amenities. These properties can cater to a variety of clients, from business travelers to tourists, and offer a range of services, including conference facilities,restaurants, and recreational activities. Hialeah's strategic location, with easy access to major highways and transportation hubs, makes it an ideal spot for hotels. The city's amenities, such as the Hialeah Park Race Track, Milander Park, and Amelia Earhart Park, also attract visitors and locals alike, creating a demand for hotel accommodations. Additionally, Hialeah's strong educational institutions, including Miami-Dade College Hialeah Campus and private colleges like ASA College and Florida National University, contribute to the city's appeal as a hub for business and travel.
Hialeah's hotels for sale offer a unique opportunity to invest in a city that is rich in culture and history. With its strong Hispanic heritage, Hialeah is home to a diverse community, and its hotels can cater to this demographic. The city's commercial center, featuring a mix of national retailers and mom-and-pop stores, also provides a unique opportunity for hotel investors. In addition to hotels, Hialeah offers a range of other investment opportunities, including restaurants, apartment buildings, and shopping centers. For example, restaurants in Hialeah can capitalize on the city's cultural diversity, offering a range of cuisines to suit different tastes. Apartment buildings in Hialeah can provide a steady stream of revenue through rental income, while shopping centers can benefit from the city's strong retail sector. Overall, Hialeah's hotels for sale offer a compelling investment opportunity, with the potential for strong returns and a diverse range of investment options.
What factors should I consider when buying a hotel in Hialeah?
When buying a hotel in Hialeah, there are several key factors to consider, including:
- The current state of the local economy, which is driven by industries such as retail, electronics, technology, and entertainment, and is home to major corporations like Telemundo.
- The demand for accommodations, which can be influenced by the city's recreational attractions, such as the historic Hialeah Park Race Track, and its proximity to Miami, which is approximately 19.2 miles away.
- The financial aspects of the purchase, including the average price per square foot, which is $403 USD, and the average cap rate, which is , as well as the availability of CRE loans, or commercial real estate loans, which can be explored in more detail at CRE loans.
Additionally, it's essential to research the local infrastructure, including transportation facilities like Interstate 75 and the Miami-Dade Transit system, as well as the availability of amenities like public parks, tennis centers, and swimming pools, which can impact the hotel's appeal to potential guests.
Currently, there are 2 hotels for sale in Hialeah, with average sizes ranging from 38,159 square feet to 42,172 square feet, offering a range of options for investors.
How is the value of a hotel for sale typically calculated?
In Hialeah, Florida, where there are currently 2 hotel listings available, the value of a hotel for sale is typically calculated through a comprehensive CRE appraisal, which takes into account factors such as the property's income, expenses, and local market conditions. To learn more about the CRE appraisal process and how it affects hotel valuations, check out our in-depth article at CRE appraisals, which provides valuable insights for investors and hotel owners alike.
