Overview

Description

Loyalty Inn in Tallahassee, Florida being offered for sale. 4 story, exterior corridor hotel, newly approved for multi family studios. The property was built in 1985, sits on 2.6 acres with excellent location at the junction of I-10 Exit 199 and US 27. All 101 rooms are equipped with microwave and refrigerator, and ready to be turned into studio apartments by adding kitchenettes. Amenities include guest laundry, elevator and exterior swimming pool. The property is fully staffed. The area has seen an increased demand for student housing and studio apartments, a great opportunity for new owner. Guests include business travelers, sports event guests and general tourism. Florida State University and Florida State Capitol are just 3.4 miles from the property. The Tallahassee MSA is the fastest growing economy per capita of any Florida city and its local economic development forecasts continued high job growth this coming year. 



High economic growth area
Located on Exit 199 off I-10 / US 27




101  rooms
Exterior Corridor
Recently zoned for Multi Family 
High demand for student housing and studio apartments

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