Step 1: Schedule a Phone Call then Email Proof of Funds
The phone call is necessary to finalize the terms and conditions of the sale. All up to date information available is shared on this website.
Proof of funds must be from a recognized financial institution such as a bank statement or brokerage statement. A qualified buyer will need to show a minimum proof of funds of $250,000.
Step 2:Draft the contract using your own lawyer or pay a $10,000 deposit to have us draft the contract. The $10,000 will be applied to the security deposit.
Step 3: Sign the contract and pay the security deposit.
The security deposit is non-refundable and will be used in the event the buyer owes any expenses.
Step 4: Buy insurance policies required, hire a contractor, obtain permits, start the renovations.
Step 5: Pay the monthly payments, obtain licenses and start running the hotel.
Step 6: Receive the clear title. It will be transferred after the balance due is paid in full.
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The Buyer is responsible for ALL expenses incurred after the purchase including but not limited to: property taxes, tangible taxes, sales tax, income tax, insurances, licenses, permits, renovation expenses etc.
Required Insurances include:
-Builders risk policy with coverage TBD by insurer for 12 months
-Liability insurance policy with minimum $2M coverage
-Assault & battery insurance policy with minimum $1M coverage
-Hurricane insurance policy TBD by insurer
Property taxes in 2022 were less than $3,000 annually. It varies annually and is assessed by Nassau County, Florida. It must be pre-paid annually according to the most recent assessment.
All renovation expenses are buyers responsibility.
3. How to schedule a phone call?
All available information is updated and shared on this website.
4. Is the sale price negotiable?
Yes, everything in life is negotiable :)
If you negotiate you will be required to pay a down payment.
ALL Offers Must Include Proof of Funds. We do not respond to offers without proof of funds. Low-ball offers will not receive any response.
5. How do you schedule a showing to visit the property?
You are welcome to conduct a drive by anytime.
We are no longer scheduling any showings.
Hotel Address:
852380 US HWY 17
YULEE, FLORIDA 32097
6. Can you buy the 56 room hotel fully renovated?
No, this option is not currently being offered.
7. Is the hotel open or closed?
The hotel is closed since 2019 due to the owner relocating.
It requires a full renovation estimated to cost $5,000-10,000 per room.
8. What is the estimated renovation cost?
We estimate the cost to be approximately $5,000-$10,000 per room.
A franchise may have higher standards. It may take 6+ months to renovate depending on your contractors experience.
You must have sufficient funds to renovate the property to be qualified as a buyer.
A franchise will be required if the security deposit is waived.
Franchise options are from Choice Hotels, Wyndham Group, Motel 6 or Red Roof Inn. The Buyer can choose the brand but the seller must approve it.
9. How is the neighborhood?
The city of Yulee, FL is one of Florida's fastest growing cities.
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.
Nassau County, FL has approved 24,000 acres to be redeveloped and this hotel is in the middle of that development.
10. How much are the real estate taxes?
Property taxes are less than $3,000 annually.
A photo of the most recent property tax bill is found below.
11. How far is the closest airport?
Jacksonville International Airport (JAX) is 15 minutes away by car.
12. How many rooms are on the property?
56 rooms in 1 building. The property is around 25,000+ square feet.
13. How large are the rooms?
All room sizes are 12 feet wide X 24 feet length = 288 square feet
The dimensions include the restroom.
14. What is the current condition of the hotel?
The hotel is closed and vacant since 2019. It is not turnkey ready.
The buyer is responsible for all renovation expenses.
The buyer will pay for all Fixtures, Furniture & Equipment.
15. Do you have photos?
The photos below were taken prior to the hotel closing in 2019.
16. Is this eligible for an E2 USA Visa?
Yes it is. Please contact a lawyer that specializes in E2 USA Visa immigration.
17. Is the hotel franchised currently?
No, it is not franchised. It is currently closed.
18. Where is the proforma financial data from?
A custom STR Trend Report was prepared just for this property.
Refer to question/answer #37.
19. Are actual financials available for review?
No.
20. Do you require all room to be renovated at once?
No, you can open the hotel a few rooms at a time or all at once. This is our personal opinion and may not reflect franchise standards.
24. How long is the due diligence period?
Please conduct all due diligence prior to making an offer. Due to the demand for this property, it will not be taken off market without a deposit paid in full.
27. What forms of payment are accepted?
US Dollars
36. How do you know demand exists for a housing 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 building these new hotels.
You can download the STR Trend Reports below to verify data.
37. What is the Average Daily Rate?
$111
38. What is the Occupancy Rates?
76.6%
39. What is the RevPAR?
85.43
42. Do you work with Brokers or Realtors?
Owner prefers to sell direct to 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. Proof of funds must come from a recognized financial institution. Response times to offers are usually within 72 hours.
50. How far is the Beach?
Fernandina Beach / Amelia Island is 20 minutes away by car.
The Ritz Carlton & Omni Amelia Island Resort are located there.
52. Is this offer a scam?
No. If you are skeptical then hire a lawyer to conduct your due diligence. This offer really is too good to be true.
55. Why should I buy this property?
Florida has the hottest housing market in 2022.
This is your best chance to live & work in Florida.
This is A Once In A Lifetime Opportunity!
