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AHG BROKERAGE, LLC A Florida licensed Real Estate Broker. (407) 815-5590 Anup Shah, Broker www.AHGBrokerage.com MAINGATE KISSIMMEE, FLORIDA Opportunity to Acquire a Hotel in a Prime Location Near Orlando Theme Parks & Attractions Offering Summary

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Page 1: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG BROKERAGE, LLC A Florida licensed Real Estate Broker.

(407) 815-5590 Anup Shah, Broker www.AHGBrokerage.com

MAINGATE KISSIMMEE, FLORIDA

Opportunity to Acquire a Hotel in a Prime Location Near Orlando Theme Parks & Attractions

Offering Summary

Page 2: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG Brokerage, LLC 2 www.AHGBrokerage.com

(407) 815-5590 Anup Shah, Broker

The Offering

AHG Brokerage is pleased to offer an exclusive opportunity to acquire the fee simple interest in the 197-key Comfort Inn Maingate

(“the Property” or “the Hotel”). The property is located on 4.596 acres in the heart of the Walt Disney World area theme parks and

attractions. West Highway 192 is the main tourist corridor for visitors to Walt Disney World attractions and has recently experienced

tremendous growth – including the recent arrival of the Margaritaville Resort, a major investment in the area.

Opened in 1983, and recently renovated in 2015/16, the property enjoys a prime location with the theme parks only minutes away

in its “backyard”. The hotel offers a range of impressive amenities, including Gift Shop, Attractions Ticket Desk, Outdoor pool,

whirlpool, meeting space and the Lighthouse Lobster Feast Restaurant.

The property benefits from a superb location on the west Hwy 192 tourist corridor. Within a few miles of the property are located

the world-famous Walt Disney World theme parks, including the Magic Kingdom, EPCOT center, Animal Kingdom and Hollywood

Studios. There is a plethora of golf courses, water parks and restaurants within driving distance from the hotel. The property has

easy access from I-4 and Hwy 429 and is only 16 miles from the Orlando International Airport. Universal Studios and Sea World are

also only a short distance from here.

2.4 Miles OR ~ 8 Minutes

6.2 Miles OR ~12 Minutes

5.5 Miles OR ~11 Minutes

6.9 Miles OR ~13 Minutes

Margaritaville Resort Orlando

2 .2 Miles OR 6 Minutes

Disney Area

Page 3: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG Brokerage, LLC 3 www.AHGBrokerage.com

(407) 815-5590 Anup Shah, Broker

The Comfort Inn Maingate presents an opportunity to acquire a well-maintained asset in a superb lodging market. Potential buyers

will have the ability to capitalize on the hotels physical and operational upside. There is also an incredible potential for future re-

development, given the property’s location in the heart of the Walt Disney attractions area. The hotel is offered unencumbered of

any management contracts.

Comfort Inn Maingate At-A-Glance

Address: 7675 West US 192, Kissimmee, FL 34747

Hotel Size: 197 Keys

Opening Date: 1983

Renovation Date: 2015/2016

Function Space: 360 Sq. Ft. Conference Room

Food & Beverage: Lighthouse Lobster Feast Restaurant

Hotel Amenities: Outdoor Heated Pool Whirlpool Meeting Space Bus Parking

Fitness Center Business Center Interior Corridor Courtesy Transportation

Other Amenities: Gift Shop Attraction Ticket Desk

Government/FEMA Approved

ORLANDO/KISSIMMEE’S LARGEST EMPLOYERS

Walt Disney World Resort

Advent Health

Universal Orlando (Comcast)

Orlando International Airport

Orlando Health

University Central Florida

Resource Employment Solutions

Lockheed Martin

Darden Restaurants

SeaWorld Parks & Entertainment

Page 4: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG Brokerage, LLC 4 www.AHGBrokerage.com

(407) 815-5590 Anup Shah, Broker

TOP 75 EMPLOYERS*

Orlando MSA Company City County Industry Employment

Walt Disney World Resort Lake Buena Vista Orange Leisure & Hospitality 75,000 Advent Health Various Various Healthcare 34,627 Universal Orlando (Comcast) Orlando Orange Leisure & Hospitality 27,000 Orlando International Airport Orlando Orange Air Transportation 21,000 Orlando Health Orlando Orange Healthcare 20,258 University of Central Florida Orlando Orange Education 13,483 Resource Employment Solutions Orlando Orange Staffing & Recruitment 8,400 Lockheed Martin Orlando Orange Aerospace/Defense 8,000 Darden Restaurants Orlando Orange Restaurants 7,178 SeaWorld Parks & Entertainment Orlando Orange Leisure & Hospitality 6,032 Valencia College Various Various Education 5,824 Marriott Vacations Worldwide Orlando Orange Leisure & Hospitality 5,350 Westgate Resorts Orlando Orange Leisure & Hospitality 5,151 Siemens Orlando Orange Advanced Manufacturing 4,800 Rosen Hotels & Resorts Orlando Orange Leisure & Hospitality 4,534 Wyndham Destinations Orlando Orange Leisure & Hospitality 3,600 Hilton Grand Vacations Club Orlando Orange Leisure & Hospitality 3,444 AT&T Mobility Various Various Telecommunications 3,063 JP Morgan Chase Orlando Orange Finance & Insurance 3,053 Spectrum Various Various Diversified Communication Services 3,000 Hospital Corporation of America Winter Park Orange Healthcare 2,950 Central Florida Regional Hospital Sanford Seminole Healthcare 2,865 Mears Transportation Orlando Orange Transportation 2,825 FedEx Various Various Transportation & Business Services 2,821 Loews Hotels Orlando Orange Leisure & Hospitality 2,756 Truist Bank Various Various Finance & Insurance 2,670 Orange Lake Resorts & Holiday Inn Vacation Clubs Kissimmee Osceola Leisure & Hospitality 2,600 Walgreens Specialty Pharmacy Orlando Orange Healthcare 2,400 Starwood Hotels & Resorts Worldwide Orlando Orange Leisure & Hospitality 2,375 Optum Orlando Orange Business Services 2,331 BAGS Inc. Orlando Orange Business Services 2,306 CenturyLink Apopka Orange Telecommunications 2,213 Southwest Airlines Orlando Orange Transportation 2,200 Full Sail University Orlando Orange Education 2,060 Consulate Health Care LLC Maitland Seminole Healthcare 2,000 Aon Hewitt Orlando Orange Business Services 2,000 Chase Card Services Lake Mary Seminole Business Services 1,900 Osceola Regional Medical Center Kissimmee Osceola Healthcare 1,900 Convergys Lake Mary Seminole Business Services 1,900 United Parcel Service Orlando Orange Transportation and Business Services 1,852 Deloitte Consulting Heathrow Seminole Information Technology 1,850 Publix Various Various Grocery 1,838 Bank of America Various Various Business Services 1,775 Central Florida Health Alliance Leesburg Lake Healthcare 1,700 Coca-Cola Various Various Manufacturing 1,700 Gaylord Palms Resort Kissimmee Osceola Leisure & Hospitality 1,624 Duke Energy Winter Garden Orange Utilities 1,600 Seminole State College of Florida Various Seminole Education 1,588 Sonny's Franchise Company Various Various Restaurants 1,500 South Lake Hospital Clermont Lake Healthcare 1,500 Wells Fargo Various Various Finance & Insurance 1,416 Hyatt Regency Orlando International Airport Orlando Orange Leisure & Hospitality 1,300 Hyatt Regency Orlando Orlando Orange Leisure & Hospitality 1,300 Verizon Lake Mary Seminole Business Services 1,300 Nemours Orlando Orange Children's Healthcare 1,279 OUC - The Reliable One Orlando Orange Utilities 1,232 Massey Services Orlando Orange Business Services 1,200 Delta Airlines Orlando Orange Transportation 1,191 CVS Health Orlando Orange Pharmacy 1,191 JetBlue Airways Orlando Orange Transportation 1,164 Accredo Orlando Orange Health Care 1,111 Oracle Corporation Orlando Orange Information Technology 1,100 Sprint Various Various Telecommunications 1,095 Chase Winter Park Orange Finance & Insurance 1,087 Liberty Mutual Group Heathrow Seminole Finance & Insurance 1,070 Charles Schwab Orlando Orange Finance & Insurance 1,049 Aerojet Rocketdyne Orlando Orange Systems engineering and integration 1,035 Oerther Foods Orlando Orange Restaurants 1,026 Ace Staffing Unlimited Inc. Mount Dora Lake Staffing & Recruitment 1,000 Orlando World Center Marriott Orlando Orange Leisure & Hospitality 1,000 Golf Channel Orlando Orange Digital Media 1,000 BNY Mellon Orlando Orange Business Services 9 55 Omni Orlando Resort at ChampionsGate Championsgate Osceola Leisure & Hospitality 940 Veritas Technologies Lake Mary Seminole Business Services 9 32 Leidos Orlando Orange Modeling, Simulation & Training 913 Mitsubishi Power Systems Americas Orlando/Lake Mary Orange/Maitland Advanced Manufacturing 900

*excludes government and retail operations Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership

Page 5: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG Brokerage, LLC 5 www.AHGBrokerage.com

(407) 815-5590 Anup Shah, Broker

The Orange County Convention Center (OCCC) is a vital component of the economic health of Orlando’s hotel market and provides

an average annual economic impact of $1.9 billion to the Central Florida economy. This center is the second largest in contiguous

space in the United States, with over 2.5 million gross square feet. Positioned 12 miles North East of the Property, the center is

located on International Drive.

Orlando MSA Statistics

Arts & Entertainment

Page 6: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG Brokerage, LLC 6 www.AHGBrokerage.com

(407) 815-5590 Anup Shah, Broker

Page 7: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG Brokerage, LLC 7 www.AHGBrokerage.com

(407) 815-5590 Anup Shah, Broker

Investment Highlights

HIGHLY VISIBLE LOCATION IN THE ORLANDO/KISSIMMEE MARKET

The property is located on the West Hwy 192 corridor – one of the busiest tourist throughways in the Walt Disney World resort areas. It is only minutes from the world renown attractions, such as: Walt Disney World’s Magic Kingdom, EPCOT Center, Hollywood Studios, Animal Kingdom. Also, within 20 minutes are Universal Studios & Islands of Adventure, SeaWorld & Aquatica and more.

ONE OF THE NATION’S TOP TOURIST DESTINATIONS – ORLANDO/KISSIMMEE

Orlando is recognized as one of the nation's foremost vacation destinations, anchored by the formidable Walt Disney World Resort, Universal and SeaWorld attractions and theme parks. In addition, there are many world-famous golf courses and beaches, as well as a plethora of restaurants and shopping venues that attract tourists to Central Florida.

CENTRAL FLORIDA – GROWING DIVERSIFIED ECONOMY

Orlando is also the major center for commerce in the Central Florida region. Home to many large corporate headquarters, such as: Bank of America, American Automobile Association (AAA), Chase Card Services, the Golf Channel, and many others.

The Central Florida Research Park, totaling more than 1,000 acres, is ranked as one of the top ten research parks in the nation and is home to over 125 companies. Moreover, the University of Central Florida (UCF) is the second‐largest university in the nation, with more than 60,000 students. Orlando's economic climate is characterized by tourism, healthcare services and research, financial services, and educational institutions.

RECENTLY RENOVATED ASSET AT A SIGNIFICANT DISCOUNT TO REPLACEMENT COST

The asset has received significant improvements in the 2015/16 years with the conversion to the Comfort Inn brand.

UNENCUMBERED BY MANAGEMENT

The property is offered unencumbered by existing management. The ability to place new management as well as the property’s location in the heart of the Disney Attractions area makes the opportunity extremely attractive to lodging owners and operators.

Page 8: KISSIMMEE, FLORIDA€¦ · Source: Direct Company Contact, Orlando Sentinel, Orlando Business Journal - updated January 2020 // Orlando Economic Partnership AHG Brokerage, LLC 5 (407)

AHG Brokerage, LLC 8 www.AHGBrokerage.com

(407) 815-5590 Anup Shah, Broker

Comfort Inn Maingate – Kissimmee Florida

Historical Data & Statistics

Table A 2017 2018 2019 T-12 thru Feb

2020

Gross Room Revenue

$4,256,101 $4,321,603 $4,000,236 $4,038,000

Misc. Revenues $665,810 $659,877 $711,505 $722,000 Total Gross

Revenue $4,921,911 $4,981,480 $4,711,741 $4,760,000

Occupancy % 82.58% 78.37% 75.68% 76.30%

ADR $71.68 $76.69 $73.51 $72.41 RevPAR $59.19 $60.10 $55.63 $55.22

For More Information Please Contact:

AHG Brokerage, LLC | Anup Shah, Broker

[email protected]

(407) 815-5590

No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein. The Property is offered subject to errors, omissions, change of price, rental or other conditions including withdrawal without notice, and will be subject to any special conditions, which may be imposed or made by the owner or AHG Brokerage, LLC. The owner and AHG Brokerage, LLC reserve the right to accept or reject any and all offers.