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2016 Apalachee PkwyTallahassee, FL 32301
Best Western Tallahassee Downtown Inn & Suites
Asset ClassHotel & Hospitality
# Keys78
# Stories: 2Year Built: 1988Access Data Room
Situated along Apalachee Parkway (U.S. 27), one of Tallahassee's primary commercial corridors, the property benefits from exceptional visibility and convenient access to Downtown Tallahassee
overview of deal

Overview

The Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the Best Western Tallahassee Downtown Inn & Suites, a 78-room, two-story, exterior corridor hotel strategically located at 2016 Apalachee Parkway in Tallahassee, Florida.

 

Situated along Apalachee Parkway (U.S. 27), one of Tallahassee's primary commercial corridors, the property benefits from exceptional visibility and convenient access to Downtown Tallahassee, the Florida State Capitol Complex, Florida State University, Florida A&M University, Tallahassee Memorial HealthCare, and Interstate 10. This central location allows the hotel to capture a diverse mix of government, university, healthcare, corporate, and leisure demand throughout the year.

 

In addition to its strong hospitality fundamentals, the property is zoned CP (Commercial Parkway), which permits multifamily residential development and a variety of commercial uses by right, offering exceptional long-term redevelopment flexibility.

 

Originally constructed in 1988, the property features a manageable 78-room layout that is well suited for owner-operators. As a Best Western branded hotel, the asset benefits from global brand recognition, an established reservation system, and access to the Best Western Rewards loyalty program.

 

As Florida's capital city, Tallahassee offers one of the state's most stable lodging markets, anchored by state government, higher education, and healthcare. Florida State University, with more than 44,000 students, generates significant year-round hotel demand through athletic events, commencement ceremonies, conferences, alumni gatherings, and university-related travel. Combined with the presence of Florida A&M University, Tallahassee State College, and dozens of state agencies, the market benefits from a highly diversified demand base that is less seasonal than many Florida hospitality markets.

 

This offering represents an opportunity to acquire a well-located branded hotel in one of Florida's most resilient capital markets, supported by stable year-round demand, excellent accessibility, and long-term economic fundamentals.

Investment Highlights

  • Prime Tallahassee Location: Strategically positioned along Apalachee Parkway (U.S. 27), one of Tallahassee's primary commercial corridors, with convenient access to Downtown Tallahassee, Interstate 10, and the Florida State Capitol.
  • Proximity to Florida State University: Located just minutes from Florida State University (44,000+ students), generating consistent lodging demand from athletic events, commencement ceremonies, alumni weekends, conferences, and university-related travel.
  • Diversified Year-Round Demand: Benefits from a stable mix of government, higher education, healthcare, corporate, and leisure demand, reducing seasonality compared to many Florida hotel markets.
  • Manager's Apartment On-Site: Includes an on-site manager's apartment, providing an ideal setup for an owner-operator, reducing labor costs while allowing for hands-on management and enhanced operational oversight.
  • Redevelopment Opportunity: The property's CP (Commercial Parkway) zoning allows for multifamily and various commercial uses by right, providing investors with the flexibility to pursue redevelopment or adaptive reuse as market conditions evolve.
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2016 Apalachee PkwyTallahassee, FL 32301

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