Hotel-to-Multifamily Conversion - 94 Units 2934 Polynesian Isle Blvd Services hôteliers 94 chambres 5 721 300 € (60 865 €/Chambre) Kissimmee, FL 34746

OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn Kissimmee, a Choice Hotel, located in Kissimmee, Florida. The subject property has received approval for a hotel to multi-family conversion. The 94-unit property is strategically situated in close proximity to the nearby Walt Disney World Resort and other Orlando attractions. With its strong location in one of Florida’s most popular vacation areas, its proximity to major theme parks, dining, and shopping further enhances its appeal to travelers and investors alike.


PROPERTY OVERVIEW:
The 94-key hotel is located in the high-demand sub-market of Kissimmee, Florida and current owners recently went through extensive planning to get approvals for conversion to multi-family. Strategically positioned just minutes from Walt Disney World Resort and the heart of Orlando’s tourism corridor, this asset offers a rare opportunity to capitalize on strong local fundamentals through adaptive reuse. Situated on approximately 2.85+/- acres of land, the property is currently operating as a limited service hotel. However, the Osceola County Planning division recently approved the site for multifamily conversion, making this a turnkey repositioning opportunity for developers and value add investors. Location provides strong demand for affordable and workforce housing.
- APPROVED FOR CONVERSION TO MULTI-FAMILY
- 94 KEYS WITH 2 ELEVATORS ON SITE AND MEETING SPACE AVAILABLE
- PRIME LOCATION
- ZONING AND ENTITLEMENTS IN-PLACE


MARKET OVERVIEW:
Kissimmee is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area (MSA) in Central Florida. This MSA encompasses the cities of Orlando, Kissimmee, Sanford, and surrounding areas, making it one of the largest metropolitan regions in Florida. Known for its world-class theme parks, resorts, and entertainment offerings, the region attracts millions of visitors each year. Orlando, often recognized as the “Theme Park Capital of the World,” is home to major attractions such as Walt Disney World Resort, Universal Orlando Resort, SeaWorld Orlando, the highly anticipated and newly opened Universal’s Epic Universe and more. Kissimmee, just south of Orlando, offers convenient proximity to these attractions, making it an ideal location for tourists seeking accommodations with easy access to the parks. Additional demand generators include conventions, sporting events, concerts, retail and dining. The Kissimmee/Orlando area remains a dynamic, high-demand market for hospitality investment, driven by its broad appeal to families, business travelers, and international visitors, along with its powerful demand generators. With constant growth in both leisure and business tourism, the area is poised for continued success in the hospitality sector.


Property Highlights:
• Quality Inn Kissimmee - Multi-Family Conversion Opportunity
• Approved for 94 Studio/Efficiency Units
• Located in a High Growth Market
• Three Stories - 2 Elevators on site - Meeting Space
• Zoning Change Approved
• Extra Land on Site


Location Highlights:
• 7.7 Miles to Disney’s Hollywood Studios
• 8.1 Miles to Disney’s Blizzard Beach Water Park
• 8.3 Miles to Disney’s Animal Kingdom Theme Park
• 9.0 Miles to Orange County Convention Center
• 12.1 Miles to Universal’s Epic Universe
• 12.3 Miles to Disney’s Magic Kingdom
• 12.3 Miles to Icon Park
• 12.5 Miles to Universal Studios
• 18.3 Miles to Amway Center
• 20.2 Miles to Orlando International Airport


Financial Highlights:
• List Price of $6,500,000
• Estimated Market Rent of $1,350/unit
• Estimated Effective Gross Income of $1,454,782
• Estimated Net Operating Income of $905,084.31