7455 Irlo Bronson Memorial Hwy Kissimmee, FL 34747-1722
- Hotels
- 12,808 SF
- 3.21 lot acres
Current Use by Public Records
- Rodeway Inn Kissimmee Maingate West / Hotel & Motel
- Roadway Inn / Hotel & Motel
Property Details for 7455 Irlo Bronson Memorial Hwy
- Year built
- 1983
- Construction
- FRAME
- Lot size
- 3.21 lot acres
- Property size
- 12,808 SF
- Zone code
- OAC
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 0225273160000C0163
- APU
- 0225273160000C0163
Description
This 147-room Rodeway Inn, located at 7455 W Irlo Bronson Memorial Hwy, Kissimmee, FL 34747, presents a compelling investment opportunity. Boasting a prime location just 1.9 miles from Walt Disney World, this two-story, exterior corridor hotel benefits from proximity to major attractions, including SeaWorld (13 miles), Universal Studios (15 miles), and Orlando International Airport (22 miles). The property, situated on approximately 3.25 acres, underwent nearly $600,000 in renovations since 2019, including a new roof in 2020. The hotel features 116 double rooms, 1 queen room, 22 king rooms, and 7 accessible rooms, along with a 3-bedroom, 1-bathroom manager's apartment. In 2023, the hotel generated a gross revenue of $2,011,769, offering a 3.42x room revenue multiple at the asking price of $6,900,000. Its strategic location near the upcoming NeoCity and the new Epic Universal Park further enhances its long-term potential. This well-maintained property offers investors a chance to acquire a cash-flowing asset in a high-demand hospitality market at below replacement cost. The hotel's room configuration includes a variety of options to cater to diverse guest needs. The property's strong financial performance and strategic location make it an attractive investment prospect.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,999,000
Market price range: $2.21M - $4.00M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $2,865,000 Current use
- AUTO REPAIR, GARAGE
- $3,825,000 Change: +34% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,635,000 Change: +27% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $3,530,000 Change: +23% Conversion: Difficult
- OFFICE BUILDING
- $3,310,000 Change: +16% Conversion: Difficult
- RETAIL STORES
- $3,245,000 Change: +13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Kissimmee
- County
- Osceola
- State
- Florida
- Longitude
- -81.5851
- Latitude
- 28.3341
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA