Kruse Acquisitions, LLC is recognized around the world for its specialty practice in healthcare and transcription. Locally in and around Wisconsin, Kruse Acquisitions, LLC has an active business brokerage practice, assisting customers buy and sell businesses of any type or size.
Unique investment opportunity to purchase a well-maintained 103 unit limited-service lodging facility situated on 4.38± acres at the primary interchange of I-295 & 103rd Street in Jacksonville, Florida. The property consists of four buildings totaling 49,869± square feet. The property caters to economy and extended-stay guests and benefits from a location proximate to area demand generators and primary transportation routes. A value add scenario exists for a new owner with prudent management and/or new franchise.
Property situated at primary interchange of Interstate-295 & 103rd Street. Proximate to Naval Air Station Jacksonville, area golf courses, Orange Park Kennel Club, and Orange Park Mall.
2012 Operating Statistics: ADR- $44.23 OCC - 60.6% RevPAR - $29.19
Great Interstate location with large site **4.38± Acres**
Good quality vacation homes, 19 short term rental contracts, great opportunity which should qualify for an E.2 Visa. Homes located close to Disney, which is popular with tourists. Buyer could expand by placing additional bookings in the homes, or taking on additional properties. Great small family business. Current owner does not do cleaning, this is outsourced. The more you do the more you can earn.
Saint Augustine, FL
Price: (Includes all real property and FF&E)
Hotel & Motel
Economy/ Limited Service
Property Use Type:
Average Daily Rate:
Rare opportunity to own hotel in historic St. Augustine. The property features a 2bd/2ba apartment in addition to the 77 guest rooms. Also, property features approximately 1,000 sf of meeting space with adjacent kitchen, which is unique to this comp set. Trolley tour companies stop at this property every 15 minutes to observe "Old Senator" the oldest tree in St. Augustine, which is centrally located in the hotel courtyard. The property is walking distance to all historic St. Augustine demand generators, including the Fountain of Youth tourist attraction directly abutting the hotel.
St. Augustine will be celebrating its 450th anniversary in 2015! The city has been developing many events leading up to the city's anniversary. Business owners report they anticipate a strong surge in business up to, and through, the 450th anniversary celebration.
Great historic location on San Marco Avenue adjacent to the Fountain of Youth Archaeological Park. See what explorer Ponce de Leon saw when he discovered Florida in the 1500s. The trolley, which stops at hotel, tours notable spots like Mission of Nombre de Dios and Castillo de San Marcos, the old Spanish fort. Local wines are just a mile away at San Sebastian Winery and the St. Augustine Lighthouse, Museum, and Alligator Farm are all proximate to the hotel.
A primary competitor (former Ramada) is closing for an extensive 6-8 month renovation and will re-open as a Doubletree hotel. The conversion effectively removes 100 rooms from the Howard Johnson's competitive supply. The Doubletree will target a significantly higher price point and will not directly compete with the Howard Johnson upon re-opening. Howard Johnson buyers should anticipate an additional growth in RevPAR associated with the nearby Doubletree conversion project. Immediate barriers to entry, coupled with the scheduled conversions described, bode well for future operations of the hotel.
Cindy's Motel is located on Highway 27, Downtown Mayo, Florida. Cindy's Motel has been in business since 1957. It has always been known as a Quiet, Clean, Safe, and Friendly place to stay. We have folks returning year after year becoming not only valued customers but also good friends. Cindy's is a great place to work and Mayo pleasant place to live. Cindy's Motel has 9 rooms and an attached apartment for the owner or manager. The apartment is about 1000 SQ' and has 2 bedrooms, one bath a living room and kitchen/dining room. Everything needed to run a motel is included from the sheets on the beds to the tools and garden tractor in the maintenance shop. All you need to bring is your toothbrush. All the furniture in the office and apartment stay too.
We bought Cindy's 8 years ago to Semi-retire.
It's been great! We are ready to retire and become Snowbirds like the rest of the seniors in Florida.
This is a larger property Management Company that is looking to downsize its current operation and is selling 32 of its contracts around 50 per cent in Polk and 50 per cent of the homes are in Osceola. Numbers are taken from homeowner statements for the last twelve months all pool, lawn and cleaning services are subcontracted and they do not include any income and profit from any maintenance carried out which would make the numbers higher
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