Specialty Real Estate
2222 Florida 71 Marianna, FL 32448
Details & Description
Price: $3,600,000
    Marcus & Millichap has been exclusively retained to offer for sale the fee-simple interest in the 60-room Baymont by Wyndham, located in Marianna, Florida. The 60-room hotel is currently undergoing a renovation and rebranding to Baymont and was previously operating as an independent property. Upon completion of renovations (expected Summer 2021), the hotel is expected to see a significant increase in revenue from OTA business, walk-in business and the Wyndham reservation system. Additionally, the hotel has approximately 2.2-acres of surplus land which may present an opportunity to develop a new hotel or to develop truck-parking so the hotel can better capture trucking and Interstate-10 business. Additionally, The Baymont by Wyndham benefits from being within close proximity to a variety of demand generators such as Marianna Municipal Airport, Chipola Center for Arts, Chipola College, among others. The Baymont by Wyndham offers investors the opportunity to acquire a hotel with proven business and immediate upside through the current rebranding/renovations.
    Property Highlights
     Recently Renovated and Rebranded Baymont by Wyndham with an Additional - 2.2-Acre Development Site in the Marianna Mkt
     Recently Renovated and Rebranded Baymont by Wyndham with an Additional - 2.2-Acre Development Site in the Marianna Mkt
    Listing Agents
    David Greenburg

    O: 954-245-3449
    david.greenberg@marcusmillichap.com
    Christopher Passeggiata
    Marcus & Millichap
    O: 954-245-3581
    christopher.passeggiata@marcusmillichap.com
    Gabriel Shamay
    Marcus & Millichap
    O: 954-245-3430
    gabriel.shamay@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2222 Florida 71

    Marianna, FL 32448

    Baymont by Wyndham Marianna

    Listing ID: 275673
    • 2222 Florida 71 Marianna, FL 32448 | for Sale | Photo 1
    • 2222 Florida 71 Marianna, FL 32448 | for Sale | Photo 2
    • 2222 Florida 71 Marianna, FL 32448 | for Sale | Photo 3
    2222 Florida 71 | for Sale | Thumbnail 1
    2222 Florida 71 | for Sale | Thumbnail 2
    2222 Florida 71 | for Sale | Thumbnail 3
    Building Size: 37,002 SF
    Lot Size: 2.200 AC
    Land Size: 95,832 SF
    Building $/SF: $97.29
    Land $/SF: $37.57
    Price
    $3,600,000
    Property Highlights
    Recently Renovated and Rebranded Baymont by Wyndham with an Additional - 2.2-Acre Development Site in the Marianna Mkt
    Description

    Marcus & Millichap has been exclusively retained to offer for sale the fee-simple interest in the 60-room Baymont by Wyndham, located in Marianna, Florida. The 60-room hotel is currently undergoing a renovation and rebranding to Baymont and was previously operating as an independent property. Upon completion of renovations (expected Summer 2021), the hotel is expected to see a significant increase in revenue from OTA business, walk-in business and the Wyndham reservation system. Additionally, the hotel has approximately 2.2-acres of surplus land which may present an opportunity to develop a new hotel or to develop truck-parking so the hotel can better capture trucking and Interstate-10 business. Additionally, The Baymont by Wyndham benefits from being within close proximity to a variety of demand generators such as Marianna Municipal Airport, Chipola Center for Arts, Chipola College, among others. The Baymont by Wyndham offers investors the opportunity to acquire a hotel with proven business and immediate upside through the current rebranding/renovations.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Marianna Area Market Trends

    Listing Demographics for 2222 Florida 71 Marianna, FL 32448

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    Demographics Charts
    Demographics Tables

    Common Questions and Answers

    What is the asking price for 2222 Florida 71 in Marianna?
    The asking price for 2222 Florida 71 is $3,600,000
    What is the building size of this Specialty property in Marianna, FL?
    The size of the building/unit at 2222 Florida 71 in Marianna is 37,002 square feet
    How much land does the Marianna, FL property at 2222 Florida 71 include?
    2222 Florida 71 in Marianna includes 2.200 acres of land
    What kind of Specialty is the property at 2222 Florida 71?
    The property at 2222 Florida 71 Marianna, FL 32448 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 2222 Florida 71 in Marianna?
    The population within 1 mile of 2222 Florida 71 Marianna, FL 32448 is 92 people.
    Who do I contact for questions about 2222 Florida 71?
    You should contact the listing agent, David Greenburg, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Closest Commercial Airports

    Airport Distance (mi) Directions
    Tallahassee Regional Airport (TLH) 55
    Destin-Ft Walton Beach Airport (VPS) 81
    Montgomery Regional (Dannelly Field) Airport (MGM) 130