9740 Commerce Ctr Ct Fort Myers, FL 33908-3624

This exceptional 120-key extended-stay hotel in Fort Myers, Florida, presents a lucrative investment opportunity. Built in 2009, this four-story, 2.55-acre property boasts a recently renovated interior, including a complete first-floor update and a new roof installed in 2023. Over $1 million in renovations have enhanced this interior corridor hotel, which features an outdoor pool, fitness center, 24-hour market, banquet space, conference room, laundry facilities, and ample outdoor parking. Its strategic location off Summerlin Road (36,500 AADT) and Bass Road (13,900 AADT) provides easy access to major demand generators, including Fort Myers Beach, Southwest Florida International Airport (14.2 miles), Sanibel Island, and Florida Gulf Coast University (14.3 miles). The property's strong performance is evident in its recent revenue figures: 2022 room revenue totaled $3,603,637, with an ADR of $117.52, 69.8% occupancy, and a RevPAR of $82.01. In 2023, room revenue reached $3,161,961, with an ADR of $117.40, 61.2% occupancy, and a RevPAR of $71.82. Nearby attractions include Lakes Park (3.6 miles), Fort Myers (6.4 miles), Gulf Coast Medical Center (6.1 miles), and Six Mile Cypress Slough Preserve (8.4 miles). The asking price for this concrete structure is $14,000,000.