In what time frame would that return be realized?
Considering that we are buying a hotel with 152 rooms plus 3 commercial spaces for a total of $4.2 million, with 67,400 SF or $27,000 per unit, a true bargain.
It would be easy to “flip” the hotel and make $1,000,000 or more. Go on Loopnet.com the website for commercial real estate and try to find a hotel in Florida that comes even close to our acquisition.