Third Party Managed - Presenting Unique Upside Opportunity for a Hands-On Owner (Both in Revenue Management and Controlling Expenses).

Rebranding Opportunity. There are Multiple Flags available in the market including Ascend Collection by Choice, SureStay Collection and SureStay Plus, among others.

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the fully-renovated Hotel Venezia by Ramada, located in Venice, Florida. The soft-branded hotel has multiple income streams including 146 guest rooms, 10,500 square feet of meeting space and a full-service restaurant and bar. Additionally, the hotel is third-party managed and provides a unique turn-around opportunity for a hands-on owner. As the hotel is located in Venice, Florida (Sarasota County) and directly off the area's main-drag, US Highway 41, buyers are expecting this hotel to benefit tremendously from the positive net-migration Southwest Florida experiences daily. With Sarasota County being one of the fastest growing counties in the country, this business is poised to grow walk-in traffic for the hotel, food & beverage operations and the meeting space alike. Accordingly, the Hotel Venezia by Ramada presents an opportunity for an investor to acquire an upscale, fully-renovated hotel in a growing yet already established destination market.