1. What is the cash price (without financing)?
#1 Buy 100 Room Hotel Only = $3,215,000
#2 Buy 56 Room Hotel Only = $1,800,400
Buy Both 156 Room Hotels Cash Price = $4,999,999
This price includes 2 hotels with 156 guest rooms and an outdoor pool.
The full bar with 5COP liquor license and restaurant onsite are included FREE if both hotels are purchased at once.
Closing and full payment by August 31, 2022
The price, terms and offer are subject to change at any time.
2. Can you email me financials?
You can view financials on this website.
The property is closed since 2019.
The hotel license expired 06/2019.
You can apply for a new FL license.
I will be glad to show you how easy the process is.
3. How do you schedule a showing to visit the property?
The owner has relocated but can provide permission to visit the property. Please email your drivers license and your expected visit date to obtain permission to visit the property, otherwise you will be trespassing. Viewings are Not Available on Friday or Saturdays.
You are welcome to conduct a drive-by without notifying me, however you are not permitted on the property grounds without permission.
Thank you for understanding.
4. Is the sale price negotiable?
Yes, everything in life is negotiable :)
Just don't expect the "Full Package" if you negotiate.
Comparable hotels have sold for up to $70,000 per room in the last 6 months. The land alone is very valuable and is only expected to increase in value as development grows in the city.
5. Can you buy only 1 hotel?
Yes, the 56 room hotel price is $1,800,400.
6. What is the estimated renovation budget needed to re-open?
My personal estimated cost to re-open is $5,000 - $10,000 per room. A quality franchise may cost more. You do not need to have all the rooms renovated to reopen. The hotel can be renovated in stages and the bar or pool is not required to be open.
Some rooms are in good condition, others need a full renovation.
The property was last renovated in 2015 and requires it again.
7. Is the hotel Franchised or Independent?
The hotel is Independent.
It comes with no management or franchise agreements.
8. What Franchise is available?
Choice Hotels may offer a Clarion Inn or Comfort Inn franchise.
Wyndham offered Days Inn, Super 8 + more.
Best Western may offer Surestay.
Motel 6 maybe available.
Red Roof Inn maybe available.
9. How is the neighborhood?
This location will only increase in value as traffic continues to grow.
Millions of cars commute past this hotel annually using the I-95 Hwy.
Please click the link below to download the county approved plans for this exit. Nassau County, FL has approved 24,000 acres to be redeveloped and this property is in the middle of that development.
10. Why is the hotel closed?
The owner relocated and is not interested in managing the business.
11. How far is the closest airport?
Jacksonville International Airport (JAX) is 15 minutes away by car.
12. Will you consider a partnership?
Maybe, please email me your plans and proof of funds to get a response.
You will need skin in the game for this option to be considered.
13. Can you lease the hotel?
Yes for $15,600/monthly with an annual lease.
This includes the 156 rooms only.
14. Can you hold this property for me?
Yes just pay a 5% non-refundable deposit.
The property will be sold on a first come first serve basis.
15. Can you buy the hotel turnkey ready?
Yes, the price will be double the current sales price.
The point of selling it below market value is to give the buyer the opportunity to add value.
16. What is needed to re-open?
I do not have a clear answer. The property was last renovated in 2015 and left turnkey ready in 2019. It is now in need of renovations again. You will need a good contractor and a renovation budget to reopen.
17. How long will it take to reopen?
You should give yourself at least 12 months for renovations.
18. Can you train me to run the property?
Paid training maybe available. You may have experience with hotels but every property is unique. My knowledge and experience can have you turn a profit much quicker than figuring it all out on your own, especially if you are from out of state or abroad.
19. Can you buy the property and run it as an absentee owner?
I do not recommend this option unless your staff is trained and systems are in place to prevent theft etc.
20. How much money can you earn annually?
You can earn enough to retire early and live anywhere you desire :)
Please refer to the financials on this website or
21. Can we speak on the phone?
Yes, email me proof of funds and your contact info.
We receive many calls and do not have time to speak to every interested buyer. We will only speak to qualified buyers. Thanks for understanding.
22. Can I email you questions?
Yes but please read this website first as it answers most FAQ.
23. How do you buy this property?
Email me your offer with proof of funds.
If your offer is accepted the next step is to pay a 5% deposit.
The deposit is non-refundable.
A Florida licensed lawyer or title agent will draft all the closing paperwork.
24. How long is the due diligence period?
Due to the demand for this property please conduct all due diligence prior to a sales contract being drafted. We will not take it off market without a deposit paid in full. The property is offered As-Is.
25. Do you offer owner financing?
Yes at the sales price of $40,000 per room with a 25% down payment.
27. What forms of fiat payment are accepted?
Dollars, Euros, Pounds, Yen, Swiss Francs
28. Will you accept cryptocurrency as a form of payment?
Yes, email me your offer.
29. Will you accept stocks as a form of payment?
Yes, email me your offer.
30. Can you convert the hotel to multifamily?
Yes but I think the zoning department has requirements. Instead I suggest to run it as an extended stay property to avoid the eviction process etc. Market rates could get you $650-750 month per room.
31. Is their a demand for affordable housing in the area?
Yes, refer to answer #40.
32. What other businesses can you open onsite?
You can expand by offering RV parking or build a gas station catering to trucks. There is room to open a liquor store onsite and use the existing 5COP liquor license. Some rooms could be turned into retail on the ground floor facing the I-95 Hwy.
33. What is the current zoning?
CHT - Commercial Highway Tourism which allows for a wide range of uses.
34. Is the 5COP liquor license valuable?
The 5COP liquor license alone is valued at $250,000. It is active and can be transferred to the new buyer after passing a background check. It allows for on premise and off premise consumption.
35. What is the value of the bar and restaurant building?
The 10,000 square foot building with the red slanted roof contains the liquor bar, restaurant, kitchen, restrooms, lobby and offices.
Current estimated replacement value is $1,500,000.
36. How do you know demand exists for a hotel there?
Millions of cars drive past this hotel annually.
It is at the 1st Exit in FL off I-95. The Ritz Carlton Amelia Island & Omni Amelia Island Resort which are 1 exit south both employ over 500 hospitality workers.
Marriott Fairfield Inn & Hilton Hampton Inn are both currently under construction 1 exit south of this hotel. They conducted multiple feasibility studies before investing millions into new construction.
37. What is the Average Daily Rate?
$111
38. What is the Occupancy Rates?
76.6%
39. What is the RevPAR?
85.43
40. Do you have any STR report to review?
Yes it is recent as of September 2021.
41. Will the asking price be reduced if I wait?
Maybe, however you will not receive the full package.
42. Do you work with Brokers or Realtors?
Yes, please email your offer with proof of funds.
Any commission must be disclosed along with the offer.
If owner financing is needed, please request your commission from the buyer.
43. Why have you not responded to my offer?
You likely did not get a reply to your emailed offer because you did not provide proof of funds. Acceptable proof of funds must be from a recognized financial institution. We do not reply to low-ball offers.
Response times to offers are usually within 72 hours.
44. Can I buy the land excluding the hotel?
45. Can you convert to multifamily dwelling?
Please contact the zoning department or your lawyer to be advised.
48. What does the "Full Package" include?
The full package includes 2 hotels totaling 156 guest rooms + liquor bar + 5COP liquor license + restaurant + 2 outdoor pools. The bar with liquor license and restaurant are being sold separately.
It will make for a beautiful Florida Resort or corporate retreat.
49. Can you buy only the land?
Yes, buy it then just clear the buildings and build new.
50. How far is the Beach?
Fernandina Beach is 20 minutes by car.
52. Can you convert the hotel to Assisted Living Facility?
Maybe, please contact the Agency for Healthcare Administration for details at (850) 412-4304.
52. Is this offer a scam?
No. This offer really is too good to be true, however it is not a scam. I am being very picky who will be the buyer of this property. We could have sold it dozens of times already to unqualified buyers who did not have sufficient funds to reopen the hotel.
53. What contents are inside the hotel?
Consider whatever is there as a bonus since it is not under warranty.
54. Is this property eligible for an E-2 USA visa?
Yes, you can obtain an E-2 USA Visa using this property. Please consult with your immigration attorney for details to see if you qualify.
55. Why should I buy this property?
Florida has the hottest housing market in 2022.
This is your best chance to live in FL and be your own boss.
This is A Once In A Lifetime Opportunity!
