Turnkey Hotel in Tallahassee,
For Sale
$12,400,000
1978 Village Green Way, Tallahassee, FL 32308
Renovated 100-room hotel with upside potential in Tallahassee, Florida.
Property Size66,819 SF
Price / SF$185.58
Days on Market175
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
(941) 960-9336
Listed By:
Mousa Wakileh · License #3370035
(941) 960-9336
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 6
Last 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
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 32308, FL
23,355
Population
11,838
Households
2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
1,478
Density / Sq Mi
$73,125
Median Household Income
$46,786
Median Earnings
$1,327
Median Rent
$291,800
Median Home Value
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Frequently Asked Questions
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.
