Turnkey Hotel in Tallahassee,
1978 Village Green Way Tallahassee, FL 32308
1978 Village Green Way, Tallahassee, FL, 32308
$12,400,000
For Sale
$12,400,000
Renovated 100-room hotel with upside potential in Tallahassee, Florida.
Property Size66,819 SF
Price / SF$185.58
Days on Market138
Property Features for 1978 Village Green Way
General Information
- Standard status
- Active
- Size
- 66,819 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2025
Listing agency
COLDWELL BANKER REALTY
(941) 960-9336
Listed by
Mousa Wakileh · License #3370035
(941) 960-9336
Source
Cbcworldwide
Added: Mar 5 Updated: Jul 6 at 10:27AM Checked: Apr 9 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located in Tallahassee, Florida, the 66,819 square foot TRYP by Wyndham hotel at 1978 Village Green Way presents a prime investment opportunity. The property, renovated in 2023 with a $620,000 upgrade, features 100 guest rooms and offers immediate value. As a non-smoking, pet-friendly establishment, the hotel includes a restaurant/tavern, a 24-hour front desk with business services, a 24/7 fitness center, complimentary breakfast with hot options, free parking, and complimentary high-speed Wi-Fi in rooms and throughout the property. Guest rooms are equipped with a desk and ergonomic chair, flat screen HDTV, free high-speed wireless internet, coffee/tea maker, hair dryer, ironing amenities, and bath products. Family suites also include a microwave, full-size fridge, and wet bar area. The hotel is situated in a vibrant area known for its arts scene, diverse culinary options, and bustling nightlife, catering to both business and leisure travelers. Its location offers convenient access to the Florida State Capitol (5.5 miles), Florida State University (6 miles), Florida A&M University (6.5 miles), Alfred B Maclay Gardens State Park (1.5 miles), Governor’s Square Regional Mall (5 miles), Railroad Square Art District (7 miles) and Tallahassee International Airport (14 miles, 22 minutes). The property offers potential for enhanced ADR and repositioning, presenting a compelling opportunity for hospitality investors seeking to capitalize on brand strength and market potential, offering both operational stability and long-term appreciation potential.
Key Highlights
- Turnkey, renovated (2023) TRYP by Wyndham hotel with 100 guest rooms, offering immediate value and operational stability.
- Significant $620K upgrade completed in 2023.
- Strong brand recognition and upside potential through enhanced ADR and repositioning.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MainStay Suites
Hotel & Motel
Tallahassee Suites
Hotel & Motel
Taco time
Restaurant
TRYP by Wyndham ...
Hotel & Motel
elementary school
High School
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FAQs
What type of property is this?
Hotel - Renovated 100-room hotel with upside potential in Tallahassee, Florida.
Where is this hotel located?
The property is located at 1978 Village Green Way Tallahassee, FL.
What is the asking price?
The asking price for this property is $12,400,000.
What are key features of this property?
This property features: Turnkey, renovated (2023) TRYP by Wyndham hotel with 100 guest rooms, offering immediate value and operational stability.; Significant $620K upgrade completed in 2023.; Strong brand recognition and upside potential through enhanced ADR and repositioning.
