6 Value Place Hotel's

, FL

Bldg Size: 255,000 sq. ft. Land: 12.89 Acres Lease Type: NNN

Price: $30,303,000 Yield: 8.25 (CAP) Expiration Date: 9/30/2033

For sale is six new 4 story Value Place Hotels totaling 255,000 sf located throughout Florida. Absolute triple net lease is 25 years with 2% annual escalations in base term and 4 (5) year options. Value Place, founded in 2003 is the nations fastest-growing extended stay hotel chain that features secure temporary lodging with low weekly rates, rigorous cleanliness standards, and a commitment to the comfort, privacy and peace of mind of each guest. The Value Place brand has nearly 100 locations in 22 states, and is continuously growing. The management team is the same one that that created and developed highly successful lodging brands such as Residence Inn (now owned by Marriott) Summerfield Suites (Hyatt) and Candlewood Suites (Intercontinental).

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