Hampton Inn & Suites In Tampa For Sale

Business description

Approved site of an 80 room Hampton Inn & Suites available for purchase. Member of the Hilton family of hotels. 2.07 acres of prime undeveloped land. You can buy this pre-approved site for $1,000,000. Located in Hillsborough County on a heavily traveled Interstate/Interchange on the I-4 corridor. Proposed Hotel site is located within driving distance to Busch Gardens, Tampa/St. Pete (Gasparilla, Grand Prix Race) Lakeland (Air Show/Fly in) Orlando (Disney, Universal Studios, MGM, Sea World, Cape Kennedy Space Port) & many other tourist attractions in the surrounding area. Surveys, environmental studies, and demographics are already completed and approved by the franchisor & the site is already qualified for the Hampton Inn flag. There are also drawings of building elevation & room plans plus various surveys available to buyer. Facility is ready for final permitting from Hillsborough County. The proposed Hampton Inn & Suites will include 80 rooms. With over 1,700 hotels in the U.S., Canada, Ecuador, Mexico and the United Kingdom Hampton Inns offer value, comfort, outstanding service & lots of free amenities. Hilton ranks first in the construction pipeline among the top companies in hotel development. From the beginning you are backed by the Hilton franchising support and expertise including a long cultivated knowledge and successful track record. Operational, marketing and supplier resources create efficiency, high productivity and generate 100% customer satisfaction (it’s a guarantee.) The Hilton franchise program offers one of the most comprehensive hotel management services in the world as well as expertise during the development phase. The Supply Management Division links franchises with the best suppliers that meet or exceed brand standards. Tourism plays a dominant role in the area’s economy, with visitors spending nearly $2 billion annually. Other demand is generated from commercial travelers through major employers in the area, highway motorists, and groups. Hampton Inn & Suites is considered one of the strongest brands in the lodging industry. Hampton Inn properties have demonstrated their ability to exceed market occupancy & consumer feedback is excellent. This is an excellent opportunity for any qualified buyer.

Business Operation

Competition / Market:

There are four hotels in the area with 456 rooms that would compete directly with the proposed Hampton Inn. A Fairfield Inn & Suites by Marriott is being developed and Ramada Plantation House has renovated 80 rooms. The Hampton Inn brand is backed by the Hilton family of hotels and is a highly recognized international name that attracts customers on a worldwide basis and competes very successfully head to head in other areas and regions with these same hotel brands. The marketing study shows a favorable percentage of consumers favoring the brand Hampton Inn & Suites in a large number of markets in comparison with competitors.

Reasons for selling:

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