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85 River Park DrMidway, FL 32343
Country Inn & Suites Midway - Tallahassee West
Asset ClassHotel & Hospitality
# Keys53
Radisson-Branded Asset Near FSU | Attractive Basis & Revenue Upside
overview of deal

Overview

OFFERING OVERVIEW:

DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Country Inn & Suites Midway, - Tallahassee West, a Radisson-Choice Branded hotel located in Midway, Florida. The 53-room interior corridor hotel is located directly off of Interstate 10 and US -50, providing easy access to Tallahassee (15 minute commute) is approximately 8 miles from Florida State University.

 

PROPERTY OVERVIEW:

The subject property remains in excellent condition due to an ongoing capital improvement plan and recent renovations completed. *The PIP amount reflected in this Offering Memorandum is included solely as a placeholder for financial modeling and illustrative purposes only and should not be relied upon in evaluating the Property or making any investment or purchase decision. The cost of any Property Improvement Plan (PIP), including requirements related to a change of ownership, are not verified and will be determined solely by hotel franchisor upon issuance of an official PIP. The placeholder amount is not a representation of actual PIP cost and may differ materially from the ultimate franchisor requirements. Actual PIP scope and cost are unknown, and prospective purchasers are solely responsible for independently verifying all franchise and PIP requirements and associated costs directly with the franchisor. All information contained herein is deemed reliable but not guaranteed. DSH Hotel Advisors has not independently inspected the Property and makes no representations or warranties regarding its physical condition or the accuracy or completeness of any financial information, documents, or other materials provided.

 

RENOVATIONS COMPLETED / IN PROGRESS INCLUDE:

  • Exterior Bldg: New Grills, Parking Lot, Dumpster area
  • Exterior & Interior Paint
  • Lobby & Breakfast Areas
  • Public Areas, Fitness Room
  • Pool & Vending Area
  • Laundry
  • Corridors & Stairwells
  • Guest Room Carpet/LVT
  • Guest Room Finishes
  • Guest Room FF&E
  • Guest Bathrooms
  • New Roof (2024)

 

GADSDEN COUNTY / TALLAHASSEE:

Gadsden County is a county located in the Panhandle of Florida and is included in the Tallahassee metropolitan area. The Tallahassee Metropolitan Statistical Area consists of the Florida counties of Gadsden, Jefferson, Leon and Wakulla. Tallahassee is located approximately 10 minutes away and is home to two of Florida’s major public universities, Florida State University and Florida A&M University, as well as Tallahassee Community College. Together these institutions have a combined enrollment of more than 70,000 students annually.

Investment Highlights

Property Highlights:

  • Country Inn & Suites by Radisson
  • 53-Rooms | 2 Stories | Interior Corridor
  • 2005 Construction
  • 5.1+/- Acres of Land in Total - Adjacent Lot Included in Sale
  • Ideal Room Count for an Owner-Operator
  • Minimal Change of Ownership PIP* - $424,000+/- in Recent Renovations
  • On-Site Amenities Include an Outdoor Pool, Breakfast Seating Area, Fitness Center, Business Center, and High-Speed Internet

 

Location Highlights:

  • Situated Directly off US-90 & Interstate-10
  • 8 Miles from Florida State University
  • 10 Miles from Florida State Capitol
  • Located in the Tallahassee Metropolitan Statistical Area

 

Financial Highlights:

  • List Price of $3,950,000
  • YE 2025 Room Revenue / RRM: $1,144,918 Room Revenue / 3.45x RRM
  • YE 2025 NOI/ Cap Rate: $366,468 NOI / Cap Rate 9.28%
  • YE 2025 ADR / OCC / RevPAR: $94.96 ADR / 62.33% OCC / $59.19 RevPAR
  • YE 2024 Comp Set ADR / OCC / RevPAR: $123.27 ADR / 67.4% OCC / $83.03 RevPAR
  • Year 1 Projected NOI / Cap Rate: $481,218 Projected NOI / 12.18% Projected Cap Rate
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85 River Park DrMidway, FL 32343

Sales Team

400 North Tampa Drive, Suite 1920, Tampa, FL 33602
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