Clarion Inn & Suites Kissimmee-Lake Buena Vista South

The hotel's location is ideal for the tourism demand that the Orlando market offers and investors look for. The property is located five minutes from Disney World and Lake Buena Vista and less than 15 minutes from Universal Studios, International Drive and the Orange County Convention Center. The property is directly across the street from the new Magic Place development which broke ground last year. Magic Place Phase one will include a 25 story, 251 unit upscale resort with 40,000 square feet of retail and a 20,000 square foot office building. The subject hotel is located perfectly for guests trying to be near all that Orlando has to offer, but not wanting to pay the high prices that some of the closer locations demand.The Travelodge Suites Eastgate Orange is a 159 room exterior corridor hotel being offered for sale, fee simple, priced at $10,500,000.00. The asking price represents a $76,642 per room cost for the hotel. On a per-key basis, the property is significantly below replacement value and in line with current property values in the market. This property is perfect for a conversion to alternate use or an extended stay type asset.