INVESTMENT HIGHLIGHTS

HUNTER HOTEL ADVISORS has been retained as the exclusive advisor to solicit offers on the 148-room Hyatt Place Fort Myers at the Forum. Located at 2600 Champion Ring Rd, Fort Myers, FL 33905, and is the closest hotel relative to Amazon’s incoming 650K SF state-of-the-art robotics distribution center, which is expected to open in 2027.  The Hotel is located off I-75 in the center of the Forum District, a mixed-use development with retail, residential, senior living, and office suites spanning 706 acres.   Also within proximity to the hotel is Fort Myer’s famous River District and Fort Myers Beach, which help the area draw 5-million visitors annually, contributing to over $3.7 billion in visitor spending, annually.

This deal represents an exceptional investment opportunity for a hotel with a prime location proximate to Fort Myers’ rapidly growing leisure and corporate demand drivers, with significant upside potential upon change of management and completion of a change of ownership PIP.  The Property is offered fee simple and at a significant discount to replacement cost.   

Investment Highlights: 

• PREMIER LOCATION AS THE CLOSEST HOTEL TO AMAZON’S RECENTLY ANNOUNCED DISTRIBUTION CENTER. In November 2024, Amazon announced plans to build a state-of-the-art robotics fulfillment center on a 140+-acre site at 10631 State Road 82 for $66.5 million. The planned facility will span approximately 650,000 square feet and is expected to create over 1,000 full-time jobs. Construction is slated to begin in early 2025, with the facility anticipated to be operational by mid-2027.  Being the closest hotel to the facility, the Hotel is positioned well to capitalize from demand generated by the facility in connection with the development, opening, and training that will be on-going at the distribution center.  
• STRONG PERFORMING ASSET WITH UPSIDE POST PIP. The Hotel has historically produced strong cash flows with significant upside remaining upon the completion of a change-of- ownership PIP. The improved product offering combined with the continued market growth expectations will result in stabilized RevPAR and NOI well exceeding in-place metrics. 
• OPERATIONAL UPSIDE WITH REVAMPED MANAGEMENT APPROACH. The Hyatt Place Fort Myers at the Forum is currently institutionally managed, presenting the Buyer with an opportunity to implement a revamped management strategy. With a more localized management approach, new ownership will be able to improve on efficiencies and lower costs compared to those of a larger, institutional management company. 
• BLOCK CONSTRUCTION WITHIN A MINIMAL FLOOD RISK ZONE OFFERED SIGNIFICANTLY BELOW REPLACEMENT COST IN HIGH GROWTH MARKET. The Hotel features concrete block construction in a designated FEMA Area of Minimal Flood Hazard, defined as a minimal risk area outside of the 1-percent and 0.2-percent annual chance floodplains, and is s being offered at significant a discount to replacement cost. 
• INSTITUTIONAL HYATT BRANDED ASSET. Hyatt’s portfolio contains over 1,300 properties in more than 75 countries across the globe. All Hyatt properties are backed by the World of Hyatt rewards program with more than 40 million members in the program worldwide. A member can earn points from Hyatt stays, dining, and spa services and redeem them for free hotel nights, room upgrades, hotel credits, experiences and more.

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ABOUT HUNTER

Hunter Hotel Advisors is the leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity. With over 45 years of experience in both full and select-service single assets as well as portfolio marketing, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed HUNTER to consistently maximize value regardless of market conditions.

Hunter Hotel Advisors is the founder and producer of the well-known and respected Hunter Hotel Investment Conference. Since their first conference in 1989, they have had a consistent focus on producing an educational and networking format based on real estate and finance for hotel owners.