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3755 Cheney Hwy
Titusville, FL 32780

$9,800,000 USD

Hotel For Sale • 63,475 SF

Property Details

Property Type Hotel
Total Building Size 63,475 SF
Lot Size 4.17 AC
Building Class C
Year Built 1975
Tenancy Multiple
Zoning T, Titusville

0 Transit Score

25 Walk Score

                
                    Highlights
                
                                List Price of $9,800,000 - Net-Leased IHOP Restaurant Included in the Sale - $62,382 in NOI Annually, Below Market Lease
                            
                                Recently Completed Dawn Package Renovation
                            
                                2BR/1BA Apartment Located On-Site – Full Kitchen, 900 SF, Furnished & Rentable (in addition to the 141 rooms)
                            
                                $64,184 Per Key (+ additional 2BR/1BA furnished apartment w/kitchen on site)
                            
                                YE 2023 Project Room Revenue Multiplier of 3.08x
                            
                                YE 2023 ADR / Occupancy / RevPAR of $80.99 / 71.40% / $57.83

Amenities

Business Center
Pool
Restaurant
Meeting Event Space

Public Transportation

Airport	Drive	Walk	Distance
Orlando International	43 min	-	36.0 mi
Orlando Sanford International	60 min	-	41.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	256
Type:	Surface
Included in Rent:	Yes

Dennis Hopper CCIM 813-605-1756 DSH Hotel Advisors

3755 Cheney Hwy Titusville, FL 32780