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Hampton Inn & Suites, Ocala, FL |
OCALA, FL – Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
announced the sale of Hampton Inn & Suites, a 109-room hotel located
in Ocala, FL. The asset commanded a sales price of $5,800,000 representing
$53,211 per room.
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| Jonathan Gerszberg |
Ahmed Kabani, Senior Associate and an Associate
Director with Marcus & Millichap’s National Hospitality Group, and Jonathan
Gerszberg, Associate, both from Marcus & Millichap’s Miami office, had
the exclusive listing to market the property on behalf of the seller, a Miami
bank/financial institution.
“The asset generated immediate investment interest because
of its newer construction (2008), excellent visibility from I-75 and close
proximity to golf courses and state parks.
The buyer had to compete against 10 other offers, and ultimately closed
with a hard day one offer,” says Kabani.
The buyer, a limited liability company from Michigan, was
secured and represented by David M. Greenberg, Vice President Investments and
Senior Director of Marcus & Millichap’s National Hospitality Group from the
firm’s Ft. Lauderdale office.
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| Ahmed Kabani |
“This acquisition is an excellent, strategic and
significantly below replacement cost deal with plenty of upside. This is the first time this buyer has owned
a hotel in Florida. Based on Florida’s
positive hotel operating trends and diverse mix of corporate and leisure
business generators, Florida is back on out-of-area investors’ radar screens. We expect 2013 to be a record year for hotel
transactions,” says Greenberg.
Hampton Inn & Suites is a 109-room hotel located
directly off Interstate 75 on Highway 484 and just minutes from Ocala's Florida
Horse Park. Large trailer parking is
available for guests, making the hotel ideal for those visiting the Park. There
are also several championship golf courses within 10 minutes of the property.
Hampton Inn & Suites is located at 2075 Southwest Highway 484 in Ocala, FL.
For a complete copy of the company’s news release, please
contact:
Kirk A. Felici
First Vice President/Regional Manager,
Miami, FL
(786) 522-7000
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