OFFERING OVERVIEW:

DSH Hotel Advisors has been exclusively retained to market a fully entitled, pre-construction hotel development package for a 124-room, 4-story, interior corridor Extended Stay America Premier Suites hotel. Situated on a 2.64+/- acre parcel at 3365 NW Blitchton Road, the site is conveniently located on U.S. Highway 27 (21,400 AADT) and less than a half mile to and visible from Interstate 75 (95,500 AADT), ensuring excellent accessibility. The ESA Premier Suites prototype is designed to deliver an elevated guest experience, featuring spacious suites with fully equipped kitchens and enhanced amenities. The development package includes optional services, such as construction bids, project pricing, and general contractor agreements, providing prospective owners with a streamlined and efficient development process.

DEVELOPMENT PACKAGE INCLUDES:

• Fully Entitled for a 124-Room, 4-Story Extended Stay America Premier Suites with Franchise Approval in Place (New Buyer Responsible for Applying and Receiving New Franchise Agreement)
• Civil Engineering Plans
• Architectural/Structural/MEP Plans
• ALTA Survey / Phase I ESA
• Geotechnical Evaluation Report, ERI & GPR Survey Report, Karst Investigation Report, and Grouting Exhibit Map
• Biological and Environmental Assessment Report
• Stormwater Underground Chambers Quote / Foundation Services Grouting Quote
• Utility Will Serve/Letters of Availability
• Construction Administration Services B105 Agreement by Hospitality Architects, LLC. (Required services for additional fee)
• Construction Bids, Project Pricing, and General Contractor A104 & A201 Agreements by DI Construction, LLC. (Optional services for additional fee)
• Sufficiency Review completed July 2024
• Joint Venture structure may be considered for qualified parties. Interested groups are encouraged to contact the listing agent for further discussion

MARKET OVERVIEW:

Economic growth in Ocala is largely driven by a diversified mix of sectors, including manufacturing, distribution, healthcare, and retail. The city’s strategic location near major highways such as Interstate 75 and U.S. Highway 27 has supported an influx of large-scale industrial and retail developments. Notable employers include Amazon, Chewy, FedEx Ground, and Cheney Brothers. Recent investments in infrastructure and industrial facilities, such as the new $343 million interchange on the north side of Ocala, are poised to drive further demand for hospitality and extended-stay accommodations. Healthcare is another significant driver for the area’s economy. The construction of the UF Health Ocala Neighborhood Complex, a 150,000-square-foot facility, as well as other medical infrastructure projects by HCA Ocala and HCA West Marion Community Hospital, further supports the need for extended-stay accommodations. Medical professionals, patients, and families contribute to the growing demand for both short term and extended lodging options. Additionally, the World Equestrian Center, the largest equestrian facility in the United States, hosts year-round events that attract equestrians, spectators, and event staff, creating a consistent need for extended-stay and traditional lodging in the area.