PROPERTY OVERVIEW

 

The Hotel is producing strong cash flows with significant upside remaining upon the competition 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. 

 

The Hyatt Place Fort Myers @ The Forum is being offered at a discount to replacement cost. The offering presents an opportunity to buy into an exponentially growing market at an extremely attractive basis and unencumbered of management and debt. 

 

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. 

 

The Fort Myers market, which encompasses all of Lee County, is centrally located among the Southwest Florida markets. Southwest Florida is considered to be stable and poised for exponential growth given increased tourism and migration in recent years. Further accelerated by the COVID 19 pandemic, Lee County has seen rampant migration by younger individuals and families due to the tax friendly environment. In 2022, the Cape Coral-Fort Myers MSA experienced 6.8% YoY growth. Continued growth is anticipated with Woods & Poole Economics predicting a 92% increase in residents for Southwest Florida over the next 40 years. 

 

The Hyatt Place Fort Myers @ The Forum is located off I-75 in the center of Fort Myer’s new Forum District. The Forum District is a mixed-use development with retail, residential, senior living, and office suites spanning 706 acres. Also within close proximity to the hotel is Fort Myer’s famous River District and Fort Myers Beach. Over 500,000 visitors are drawn to the area every year to support Fort Myers’ famous art and cultural celebrations in the River District which have an economic impact of approximately $50 million. Tourism is one of Fort Myers’ largest industries employing one out of every five people. The city receives approximately 5 million visitors annually, contributing to over $3.7 billion in visitor spending. 

 

2600 Champion Ring Rd, Fort Myers, FL 33905