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1978 Village Green WayTallahassee, FL 32308
Tryp by Wyndham Tallahassee North I-10 Capital Circle
Asset ClassHotel & Hospitality
# Keys100
Year Built: 1989Year Renovated: 2022# Stories: 3Access Data Room
Prime Tallahassee Location Supported by University, Government, and Corporate Demand
overview of deal

Overview

The Kabani Hotel Group is pleased to present the opportunity to acquire a newly renovated, 100-room hotel located at 1978 Village Green Way in Tallahassee, Florida. Situated on approximately 2.08 acres, the three-story, concrete-constructed, interior-corridor property offers investors a turnkey hospitality asset with significant recent capital improvements.

 

The hotel is strategically positioned near I-10 and Capital Circle Northeast, providing convenient access to Tallahassee’s primary demand generators, including Florida State University, Florida A&M University, the Florida State Capitol, and the region’s growing business and employment base. This location allows the property to serve a broad mix of university, government, corporate, and leisure travelers throughout the year.

 

The offering represents an opportunity to acquire a recently renovated asset in an expanding market with diverse demand drivers. With the physical improvements largely completed, new ownership can focus on maximizing hotel performance through revenue management, operating efficiencies, and continued ADR growth.

Investment Highlights

Land
2.08 Acres
  • Newly Renovated: The recently completed renovation delivers a refreshed physical product and minimizes near-term capital requirements.
  • 100-Room Branded Hotel: Opportunity to acquire an established branded hotel in the Tallahassee market, supported by a global loyalty and reservation platform.
  • Tallahassee Demand Drivers:Strategically located near Florida State University, Florida A&M University, and the State Capitol, positioning the property to capture university, government, corporate, and transient demand.
  • Interior-Corridor Asset: Three-story, interior-corridor hotel of reinforced concrete construction, renovated in 2022.
  • Full-Service Amenities: Pool, fitness center, business center, restaurant, on-site bar, and 750 SF of meeting space support both transient and group business.
  • Prime I-10 Location:Positioned at the I-10 / Capital Circle Northeast interchange, with nearby traffic counts of approximately 58,000+ vehicles per day and a 21-minute drive to Tallahassee International Airport.
  • Operational Upside:Turnkey operation positioned for ADR growth through enhanced revenue management, sales initiatives, and operating efficiencies.
  • 2.08-Acre Site: The property is situated on approximately 2.08 acres with direct access to I-10 and Capital Circle Northeast.
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1978 Village Green WayTallahassee, FL 32308
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