Hospitality Group

Avison Young Lists BG Sun Plaza Motel - Silver Springs, FL

BG Sun PlazaAvison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Point Lookout Resort & Conference Center (hereinafter "Property," or "Hotel"), a select service hotel located in Silver Springs, Florida. 

The Property is situated in Silver Springs on East Silver Springs Boulevard just five miles east from Ocala. The Hotel is located within five miles of local tourist attractions such as Silver River State Park, Appleton Museum of Art, Silver Springs State Park, Ocala National Forest, and downtown Ocala. Other attractions include the Ocala Rotary Sportsplex, Wild Waters Water Park, the Southeaster Livestock Pavilion, Canyons Zip Line, and the Don Garlits Drag Racing Museum. The Hotel offers easy access to a variety of outdoor activities such as fishing, camping, hiking, scuba diving, and horseback riding. Local businesses near the Hotel include the College of Central Florida, Munroe Regional Medical Center, OCala International Airport, and over 400 horse farms. 

In 2007, Ocala/Marion County was officially named the "Horse Capital of the World." a testament to the County's unique involvement in all things equestrian and its record of producing some of the finest champions in the sport. With a beautiful, mild climate all year long and soil rich with limestone and calcium for strong bones, Ocala/Marion County is home to more horses than anywhere else in the country. The last two Triple Crown winners, one of the highest honors and accomplishments for thoroughbreds, have ties to Ocala/Marion County. American Pharoah trained here and Affirmed was born, bred and trained in Marion County. 

The Property is newly remodeled, one-story, exterior corridor hotel. The Hotel has a lobby/reception area and an outdoor pool. The Property offers 50 nonsmoking guestrooms with king, queen, and double beds that include flat-screen televisions, a work desk, and a table with chairs for dining. Standard amenities are provided in all guestrooms. 

Upside Potential

There are a number of compelling aspects to this investment opportunity, which should provide a significant increase in value for an investor, which are as follows:

  • Absentee owner
  • Branding opportunity
  • Offered below replacement cost

Financial Highlights

Price - $1,200,000

Price per Key - $24,000

Number of Rooms - 50

For more information about this listing, contact Niven Patel at 813.841.0336 or niven.patel@avisonyoung.com

published: 01-19-2018

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