Miami, FLMarcus and Millichap, Kabani Hotel Group, is pleased to present the Rodeway Inn I-95. This former Holiday Inn (now
Rodeway Inn) features six stories (interior corridor), 168 keys, a pool, a kitchen/dining room and rests on a lot area of
1.44 acres. The Rodeway Inn is located in the heart of North Miami right off of I-95/Florida Turnpike and surrounded by
a number of demand drivers such as; Sunshine State Industrial warehouse park, Jackson Medical Group Hospital, Planned
Parenthood facility, and Hard Rock Stadium. Given the number of demand drivers in the area and the limited supply of
hotels, a new operator would be in a perfect position to market this hotel to a stable customer base of truckers/industrial
warehouse workers, hospital employees/visiting family members of patients in addition to many others. With a highly
utilized ease of access along major expressways, both extended use and transient groups have become key in maintaining
a high level of occupancy and providing stable cash flow to the property. The Rodeway Inn is a fairly priced asset that benefits
from being positioned in an area with great supply demand dynamics as well as a stable customer base of primarily
essential workers. This asset is a prime example of a type of hotel that can be both resilient during this pandemic and
outperform its competitive set in occupancy.Operationally, the hotel has achieved a gross revenue of $2,533,687 Year to
Date in 2020, but has tremendous potential upside as revenues have exceeded over $4,000,000 in 2018.
Address148 NW 167th St, Miami, FL 33169
Price$15,500,000
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