Hotel AG Lists Hotel Development Site in Clermont, FL
Hotel Assets Group, LLC, as sole exclusive agent, is pleased to offer the fee- simple interest in the 6.0 acre HOTEL DEVELOPMENT SITES (collectively known as the “Development Property,” or “Hotel Projects”), accommodating two (2) select service parcels located in Clermont, FL.
The Development Property includes two divided parcels for the purpose of developing select service and/or extended stay hotels. The Hotel Complex directly overlooks the main intersection of highway 27 & Highway 50 in Clermont, FL; which is approximately 20 miles west of Orlando and an array of theme park attractions. The elevated hotel parcels provide significant visibility and excellent access from all major roads.
CLERMONT, FLORIDA is known as the “Choice of Champions” and was named as one of the Top 20 Cities in America; leading the way in “economic development and quality of life.” The City of Clermont is one of the fastest growing cities in central Florida and is strategically located just westerly of Orlando and north of Disney World.
ORLANDO, FLORIDA continues to expand; with added theme park venues in construction as well as the expansion of a number of existing theme parks. Due to its ever growing reputation as THE vacation destination amongst international travelers, Orlando International Airport is in the midst of a $1.0B expansion.
This offering includes development and financial projections for such extended stay brands as Candlewood, Staybridge and Home 2. Despite Clermont’s continued market growth over the past several years, the primary competitive set has not witnessed new supply in over eight years. As a result, REVPAR has increased over 39.0% over the past three years. Market occupancy is fast approaching 80.0% annual occupancy with January 2015 REVPAR performing 25.9% over LYA; a trend that is expected to continue.
Ability to acquire premium hotel site(s) for high demand market
Proposed Candlewood/Staybridge/Home2 by Hilton brand affiliations
Excellent visibility and access to major routes leading to Orlando and Orlando theme parks (27 & 50)
To learn more, please contact Collin Foran at [email protected] or (352) 617-3944.