Overview
Situated in the heart of Downtown Tallahassee, the Hotel is less than one mile from the Florida State Capitol and the campuses of Florida State University (FSU) and Florida A&M University (FAMU). The Property is also walkable to popular local attractions including Cascades Park, CollegeTown, and the Donald L. Tucker Civic Center, one of the region’s largest sports and event venues.
Tallahassee continues to experience sustained economic and population growth, supported by a strong base of public sector employment, expanding university infrastructure, and a growing reputation as a top-tier destination for legislative sessions, collegiate athletics, and outdoor recreation. With proximity to I-10 and only a 15-minute drive to Tallahassee International Airport, the Hotel enjoys convenient regional connectivity and a diversified mix of transient, group, and government demand.
Address: 316 West Tennessee Street Tallahassee, FL 32301
Rooms: 164
Floors: 12
Year Built: 1960
Renovated:2020: ±$2.0MM (softgoods)
2022–2024: ±$1.8MM (misc.)
F&B Outlets: Juicy Blue Bar & Bistro
Meeting Space: ± 10,200 SF Total
- 6,700 SF in Hotel
- 3,500 SF in adjacent Bricks & Brass event venue
AMENITIES:
- Fitness Center
- Outdoor Pool
- Pantry Market
- Bricks & Brass Event Venue
Interest: Fee Simple
Management: Unencumbered
Labor: Non-Union
Current License Term: June 2032
Investment Highlights
PRIME DOWNTOWN LOCATION
Ideally located in the heart of Downtown Tallahassee, the Four Points by Sheraton sits less than one mile away from the Florida State Capitol, Leon County Courthouse, and the campuses of Florida State University and Florida A&M University. Together, the universities enroll over 53,000 students and employ more than 17,000 faculty and staff. FSU football alone draws over 70,000 fans per game, driving peak weekend compression during the fall season.
Surrounding the Hotel is a vibrant mix of government, cultural, and entertainment attractions. Just blocks away, Cascades Park, a 24-acre urban greenspace featuring the Adderly Amphitheater, hosts concerts, festivals, and community events. The nearby Donald L. Tucker Civic Center includes a 12,500-seat arena and over 54,000 SF of meeting space, welcomes over 500,000 annual visitors across sporting events, concerts, and conventions.
Tallahassee’s cultural landscape is enriched by institutions such as the Museum of Florida History, Florida Historic Capitol Museum, and Railroad Square Art District, all of which enhance the areas appeal to leisure travelers. Additionally, guests have access to more than 700 miles of hiking, biking, and paddling trails, including Lake Jackson Mounds State Park and the Tallahassee Museum, supporting the city’s growing reputation as an outdoor recreation hub.
HIGH-PERFORMING JOB MARKET FUELING ECONOMIC STRENGTH
Tallahassee consistently ranks among the strongest-performing economies in the nation, driven by job growth, a favorable business climate, and robust workforce development. In 2024, the city ranked 12th nationally for overall economic strength and has added over 18,000 new jobs in the past five years, placing it in the top 15% of U.S. metros for job growth.
As the state capital and home to two major public universities, Tallahassee benefits from a well-diversified economic base anchored by government, education, healthcare, and emerging industries. Major employers include Florida State University, the State of Florida, Tallahassee Memorial HealthCare, the City of Tallahassee, Leon County Schools, and Florida A&M University. The region is also supported by a growing base of private employers in legal services, tech, and professional services.
CLEAN INVESTMENT OPPORTUNITY WITH MAXIMUM FLEXIBILITY
The Property is offered fee simple and free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.
NO NEW SUPPLY UNDERWAY
Within the entire Tallahassee market, there are zero hotels under construction. In a market driven by stable institutional demand, the absence of new inventory positions a new owner to benefit from sustained occupancy levels, rate growth, and the ability to capitalize on market compression during peak periods.
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