7785 Irlo Bronson Memorial Hwy Kissimmee, FL 34747-1727
- Hotels
- 29,529 SF
- 5.50 lot acres
Current Use by Public Records
- Quality Inn & Suites Kissimmee by The Lake / Hotel & Motel
- Hotel Orlando / Hotel & Motel
Property Details for 7785 Irlo Bronson Memorial Hwy
- Year built
- 1983
- Lot size
- 5.50 lot acres
- Property size
- 29,529 SF
- Zone code
- OAC
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 32527388400010010
- APU
- 32527388400010010
Description
This exceptional 179-key Quality Inn & Suites in Kissimmee, Florida, presents a compelling investment opportunity. Built in 1984 and significantly renovated between 2016 and 2024 (with over $2.7 million invested), this three-story, three-building hotel boasts a prime location on Highway 192, offering high visibility and convenient access to major attractions. The property sits on 5.5 acres and is within close proximity to Walt Disney World (9.5 miles), Disney's Animal Kingdom (2.7 miles), Blizzard Beach (4.5 miles), and Hollywood Studios (6.5 miles). Recent renovations (2023-2024) totaling approximately $143,000 included new AC units, guest room locks, security cameras, and carpeting. A new building sign is pending installation. A recent Quality Assurance Review Summary Report (August 14, 2024) yielded an 87.9% overall score. The estimated cost for a change of ownership PIP is approximately $100,000, subject to verification by Choice Hotels. The property benefits from strong year-round demand driven by tourism, business travel, and proximity to major events and conventions. The asking price is $13,400,000. Twelve-month trailing room revenue (July 2024) reached $3,795,310, projecting a 3.56x Revenue Multiple and a 6.60% capitalization rate. Year one projections indicate a $4,024,636 room revenue, a 3.35x Revenue Multiple, and an 8.98% capitalization rate. This established, cash-flowing hotel offers significant potential for growth in one of the world's most vibrant tourist markets. Amenities include a business center, outdoor pool, sun deck, elevator, and guest laundry facilities. The property's concrete block construction ensures durability and longevity. This represents a rare chance to acquire a well-maintained, high-performing asset in a consistently strong market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,221,000
Market price range: $5.09M - $9.22M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $6,605,000 Current use
- AUTO REPAIR, GARAGE
- $8,825,000 Change: +34% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $8,380,000 Change: +27% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $8,140,000 Change: +23% Conversion: Difficult
- OFFICE BUILDING
- $7,635,000 Change: +16% Conversion: Difficult
- RETAIL STORES
- $7,485,000 Change: +13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Kissimmee
- County
- Osceola
- State
- Florida
- Longitude
- -81.5975
- Latitude
- 28.3424
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA