Kissimmee, Florida, is a prime location for investing in hotels, with its strong tourism industry and proximity to major attractions like Walt Disney World Resort, Universal Orlando Resort, and SeaWorld Orlando. Hotels in Kissimmee offer a unique opportunity for investors to capitalize on the city's growing hospitality sector. With a range of options available, from boutique hotels to large resorts, investors can choose the type of property that best suits their needs and goals. Kissimmee's hotels often feature amenities such as pools,restaurants, and meeting spaces, making them attractive to both business and leisure travelers. The city's infrastructure, including the Kissimmee Gateway Airport and major roads like Florida's Turnpike and Interstate 4, provides easy access to the area. Additionally, Kissimmee is home to several educational institutions, including Valencia College and the Technical Education Center Osceola, which can provide a steady stream of guests. The city's geography, with its lakes and natural areas, also offers opportunities for outdoor recreation and tourism. With over 30,000 people calling Kissimmee home, the city is an attractive destination for both business and leisure travelers, making it an ideal location for hotel investors.
Currently, there are 6 hotels for sale in Kissimmee, offering a range of options for investors. The average price per square foot for hotels in Kissimmee is $184 USD, with an average size of 30,471 square feet. The largest hotel available for sale in the area is 75,915 square feet. In addition to hotels, Kissimmee also offers a range of other commercial properties for sale, including restaurants, apartment buildings, and shopping centers. For example, restaurants in Kissimmee can benefit from the city's strong tourism industry and growing population. Apartment buildings in Kissimmee offer a steady stream of rental income, with many properties located near major employers and educational institutions. Shopping centers in Kissimmee provide a range of retail options for locals and visitors alike, with many properties located along major roads like US 192. Overall, Kissimmee offers a range of commercial property options for investors, making it an attractive destination for those looking to invest in the hospitality sector.
What factors should I consider when buying a hotel in Kissimmee?
When buying a hotel in Kissimmee, there are several key factors to consider, including:
- The current state of the local tourism industry, which is a significant driver of the economy in Kissimmee, with major attractions like Walt Disney World Resort, Universal Orlando Resort, and SeaWorld Orlando drawing in millions of visitors each year.
- The availability and condition of local infrastructure, such as the Kissimmee Gateway Airport, Amtrak train station, and Greyhound bus station, which can impact the accessibility and appeal of your hotel to potential guests.
- The average cap rate of 10.53%, average price per square foot of $184 USD, and average size of 30,471 square feet, as well as the largest available property size of 75,915 square feet, to ensure your investment aligns with market trends and your financial goals.
Additionally, it's essential to research the local market and consider factors like the number of available listings, currently 6, and the overall economic landscape of Kissimmee, which has shifted from cattle ranching and citrus packing to tourism and development. For more information on commercial real estate loans, check out our article on CRE loans.
How is the value of a hotel for sale typically calculated?
The value of a hotel for sale in Kissimmee, Florida is typically calculated through a comprehensive CRE appraisal, which takes into account various factors such as the property's income-generating potential, local market conditions, and the overall demand for hospitality services in the area. To learn more about the CRE appraisal process and how it affects the value of a hotel for sale, check out our article at CRE appraisals.
