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BOB Hotels Tallahassee - Boutique on Budget
Asset ClassHotel & Hospitality
# Keys78
Renovated Boutique Hotel in Florida’s Capital City
overview of deal

Overview

OFFERING OVERVIEW:

DSH Hotel Advisors has been retained as the exclusive broker to market for sale the BOB Hotels Tallahassee, located in Tallahassee, Florida. The hotel is strategically positioned along Capital Circle NW between Interstate 10 (AADT 59,500) and U.S. Highway 90 (AADT 29,000), providing excellent visibility and connectivity throughout the Tallahassee metropolitan area. The subject property is approximately 6.2 miles from Florida State University (FSU), 6.3 miles from Tallahassee International Airport, and 6.9 miles from the Florida State Capitol Complex. The property’s recent transformation from a Sleep Inn to BOB Hotels included a comprehensive renovation, repositioning the asset with modern guestrooms, refreshed public spaces, and an updated boutique-inspired guest experience. Following its extensive repositioning and renovation, BOB Hotels Tallahassee has quickly established itself as one of the market’s highest-rated lodging options. The property is currently ranked #1 of 65 hotels in Tallahassee on Tripadvisor and has earned the 2026 Tripadvisor Travelers’ Choice Award. The property’s strategic location in Florida’s capital city positions it to benefit from a diverse mix of government, corporate, healthcare, university, and leisure demand generators. Tallahassee’s stable year-round economy, anchored by state government operations and higher education, provides consistent lodging demand while offering opportunities for future revenue growth through operational efficiencies and continued market expansion.

 

PROPERTY OVERVIEW:

The subject property is well positioned to capitalize on Tallahassee’s diverse lodging demand, offering convenient access to major employment centers, universities, healthcare facilities, and state government offices. Current ownership has invested approximately $1.9 million in recent capital improvements, providing prospective buyers with a substantially updated asset, reducing near term capital expenditure needs, and enhancing its competitive position within the market. The Recipient is solely responsible for independently verifying all such matters. All information is deemed reliable but not guaranteed, and DSH Hotel Advisors has not inspected the property; no representations are made regarding the asset’s physical condition or the accuracy of financial statements or supporting documents.

 

MARKET OVERVIEW:

The BOB Hotels Tallahassee is located within the Tallahassee Metropolitan Statistical Area, serving as the economic, governmental, and educational center of Florida’s Panhandle. As the capital of Florida,Tallahassee is home to the Florida State Capitol, numerous state agencies, and thousands of government employees, creating stable year-round lodging demand from legislative sessions, government travel, and business activity. The market is further supported by more than 70,000 students attending Florida State University, Florida A&M University, and Tallahassee State College, driving lodging demand from athletic events, commencements, conferences, and campus visitors. Additional demand stems from Tallahassee Memorial HealthCare, HCA Florida Capital Hospital, a diverse employment base, and major attractions including Doak Campbell Stadium, Cascades Park, and the Museum of Florida History. Convenient access via Interstate 10 and Tallahassee International Airport, serving approximately 1 million annual passengers, further supports strong year-round hospitality demand throughout the year.

Investment Highlights

Property Highlights:

  • BOB Hotels Brand - Flagship Property - Independent 
  • 78 Rooms | 2 Stories | Interior Corridor
  • Year Built - 1991
  • Located in a High Growth Market
  • Recipient of the 2026 Tripadvisor Travelers’ Choice Award
  • Ranked #1 of 65 Hotels in Tallahassee (Tripadvisor)
  • $1.9M in Recent Renovations During Repositioning
  • Amenities Include: Outdoor Pool, Dining Area, Snack Shop

 

Location Highlights:

  • Adjacent to Interstate 10 (AADT 59,500)
  • 3.6 Miles to Tallahassee State College
  • 4.1 Miles to Tallahassee Convention Center
  • 5.8 Miles to Doak S. Campbell Stadium
  • 6.2 Miles to Florida State University (FSU)
  • 6.3 Miles to Downtown Tallahassee
  • 6.3 Miles to Tallahassee International Airport (TLH)
  • 6.9 Miles to Florida State Capitol
  • 7.5 Miles to Tallahassee Memorial HealthCare
  • 8.5 Miles to Cascades Park
  • 9.1 Miles to Florida A&M University (FAMU)
  • 9.3 Miles to North Florida Fairgrounds

 

Financial Highlights:

  • List Price of $7,750,000
  • YE 2025 NOI / Cap Rate: $621,877 NOI / 8.02% Cap Rate
  • YE 2025 Room Revenue / RRM: $2,156,960 Room Revenue / 3.59x RRM
  • YE 2025 ADR / RevPAR / OCC: $91.82 ADR / $79.42 RevPAR / 86.50% OCC
  • YE 2025 Gross Revenue of $2,269,676
  • T12 June Room Revenue of $2,212,119 via June STR 2026
  • Year 1 Projected NOI / Cap Rate: $818,592 Projected NOI / 10.56% Projected Cap Rate
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1695 Capital Cir NWTallahassee, FL 32303

Sales Team

400 North Tampa Drive, Suite 1920, Tampa, FL 33602
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