Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Days Inn Kissimmee, a 121-room hospitality property located in Kissimmee, Fla, according to Ryan Nee, First Vice President / District Manager of the firm’s Miami office. The asset sold for $4,170,000.
“The experienced investor bought the property at approximately $32,000 per door and has plans to renovate and increase revenue by over 30 percent with their own private flag.” stated Ahmed Kabani, Senior Vice President.
Kabani brought the exclusive listing to market the property on behalf of the seller, a limited liability company.
Days Inn Kissimmee is located at 2930 Polynesian Isle Boulevard in Kissimmee, Florida on 4.14 acres conveniently located off the U.S 192 highway. Walt Disney World Resort, Universal Orlando Resort and SeaWorld Orlando all located within 20 minutes, the property is rated as a Top Location by guests on Booking.com. This location presents an excellent opportunity for an investor. As part of an ongoing revitalization effort along U.S. 192, the Highway Authority Board is subsidizing various capital improvements to the structures of hotels, to increase the appeal of the location.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
