The Floridian Hotel & Suites7531 CANADA AVE ORLANDO, FL 32819

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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

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endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is

solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

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PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has

been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References

to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &

Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may

deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and

cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as

intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers.

All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions

involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created

by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.

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INVESTMENT

OVERVIEW

The Floridian Hotel & Suites

OFFERING HIGHLIGHTS

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7531 Canada Ave. Orlando, FL 32819

Property Detail

Name of property The Floridian Hotel & Suites

Property Address 7531 Canada Ave. Orlando, FL 32819

Parcel Number 25-23-28-3853-00-110

Room Count 129

Lot Size (Acre) 2.38

Gross Leasable Area (SF) 52,603

Year Built 1999

Number of Buildings 1

Number of Stories 3

PROPERTY OVERVIEW

PROPERTY OVERVIEW

Marcus and Millichap is pleased to present the Floridian Hotel & Suites. This 129-room, interior corridor, hotel has a lot size of 2.38 acres and is

conveniently located by International Drive, Orlando. The property features complimentary breakfast, free wireless internet service, an outdoor

pool, free shuttle service to theme parks, free vehicle parking, and vending machines.

The property is located in the International Drive submarket, which is home to Universal Orlando Resort, SeaWorld Orlando, Orlando

International Premium Outlets, and The Orange County Convention Center. Each of these demand drivers are easily accessible from the

property.

The property is within walking distance to all I-Drive’s amenities. These include Mango’s Tropical Café, I-Shops, I-Drive 360, Dave and Busters, BB

King’s Blues Club, Ripley’s Believe It or Not, Wonder Works, Orlando Improv Club, Pirate’s Cove Adventure Golf, and the SkyPlex Development.

Property Overview

▪ 129 Rooms.

▪ 2.38 Acre Lot.

▪ Completely Renovated Pool.

▪ Prime Location: Minutes to Disney World and all other parks.

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INVESTMENT HIGHLIGHTLocation

Situated off the intersection of I-Drive and Sand Lake Rd, the resort is central

to I-Drive 360 (Orlando Eye), Universal Orlando Resort, and Orlando Premium

Outlets. The property is less than ten minutes from SeaWorld, the Orange

County Convention Center, Pointe Orlando, I-Shops. Most of these attractions

are either within walking distance, or directly accessible by the I-Trolley, which

transports more than two million people along the I-Drive Corridor annually.

Hotel Features

The Floridian Hotel and Suites offers a number of modern amenities to ensure

that the standard room or hotel suite offers all the comforts of home. There is

complementary WiFi and continental breakfast, relatively little traffic in quiet

surroundings, and dozens of familiar restaurants nearby. In addition, guests of

the Floridian Hotel and Suites in Orlando have access to the property's

outdoor ADA accessible Pool, which includes a chairlift. Other amenities

include vending machines and complimentary coffee in the lobby.

Market Opportunity

This location presents an excellent opportunity for an investor. Located in the

heart of I-Drive and just a few minutes away from all major attractions, this

location presents a great value for potential upside.

Rooms

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ROOMS

AERIAL PHOTO

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REGIONAL MAP

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FINANCIAL

ANALYSIS

HOTEL HISTORICAL

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2017 2018 201908-2020

YTD

Room Count 129 129 129 129

Average Daily Rate $56.12 $63.16 $59.57 $56.48

Occupancy 89.4% 90.2% 87.00% 40.60%

RevPAR $50.19 $56.97 $51.84 $22.91

Room Revenue $2,381,538 $2,703,020 $2,794,529 $607,888

Other Revenue $6,808 $7,422 $5,940 $7,333

Gross Income $2,388,446 $2,710,442 $2,800,469 $615,221

Net Operating Income $916,676 $979,746 $839,690 $23,529

*Due to current circumstances regarding COVID-19, Pro Forma projections have been suspended until stabilization has occurred based on Broker’s discretion.

HOTEL HISTORICAL

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Departmentalized Expense Summary

Department 2017 % GR 2018 % GR 2019 % GR 09-2020 YTD % GR

Rooms $514,234 21.53% $607,647 22.42% $107,372 3.83% $25,232 4.10%

Food & Beverage $0 0.00% $0 0.00% $110,693 3.95% $29,697 4.83%

Other Operated Depts & Rentals $113,680 4.76% $231,187 8.53% $635,374 22.69% $108,140 17.58%

Administration & General $0 0.00% $0 0.00% $658,873 23.53% $188,025 30.56%

Marketing $235,152 9.85% $267,723 9.88% $66,731 2.38% $15,615 2.54%

Franchise Fees $0 0.00% $0 0.00% $0 0.00% $0 0.00%

Utility Costs $176,744 7.40% $122,832 4.53% $134,238 4.79% $74,336 12.08%

Property Operations & Maintenance $160,263 6.71% $184,365 6.80% $77,303 2.76% $68,878 11.20%

Property Taxes $73,150 3.06% $77,910 2.87% $83,314 2.97% $62,409 10.14%

Insurance $31,264 1.31% $49,301 1.82% $86,880 3.10% $19,361 3.15%

Lease Expense $0 0.00% $0 0.00% $0 0.00% $0 0.00%

Capital Replacement Reserve $95,534 4.00% $108,418 4.00% $0 0.00% $0 0.00%

Management Fee $71,650 3.00% $81,313 3.00% $0 0.00% $0 0.00%

Total Expenses $1,471,671 61.62% $1,730,696 63.85% $1,960,779 70.02% $591,692 96.18%

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MARKET

OVERVIEW

MARKET OVERVIEW

ORLANDOOVERVIEW

A warm climate and a favorable tax structure attract visitors, employers and

residents to the region. The metro is among the largest and fastest growing

in Florida, with a population of 2.5 million residents. It is also one of the

nation’s most popular tourist destinations with roughly 75 million visitors

annually. The Orlando metro encompasses four counties: Osceola, Orange,

Seminole and Lake, covering more than 4,000 square miles in central

Florida. There are numerous lakes scattered across the region and the

topography is generally flat with few impediments to development. Orlando

is the area’s largest city, approaching 285,000 residents, followed by

Kissimmee and Sanford, each with less than 100,000 residents.

MARKET OVERVIEW

METRO HIGHLIGHTS

ECONOMIC DIVERSITY

While Orlando’s economy has strong business and

professional services as well as tourism

components, distribution, high-tech, defense

contracting and healthcare also are prevalent.

PRO-BUSINESS ENVIRONMENT

Florida has low state and local taxes in addition to

no state personal income tax, attracting businesses

to the region.

JOB AND POPULATION GROWTH

Orlando’s population is expected to increase by

212,000 people over the next five years, as job

gains outpace the national average.

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MARKET OVERVIEW

ECONOMY▪ Key industries in the region include aerospace and defense systems, modeling, simulation

and training, digital media, tourism, and biotechnology.

▪ The metro is transforming into a digital media hub, housing hundreds of media companies.

▪ Orlando is a top vacation and business convention destination and is home to theme parks

and tourist attractions, which support retail sales and a large hospitality sector.

▪ The local life sciences, biotech and medical technology industries are growing. Lake Nona

Medical City is a 650-acre health and life sciences park located in the metro.

MAJOR AREA EMPLOYERS

Walt Disney World Co.

AdventHealth Orlando

Publix Super Markets Inc.

Universal Orlando

Orlando Health

Busch Entertainment Corp.

Lockheed Martin Corp.

Marriott International

Darden Restaurants Inc.

Starwood Hotels & Resorts Worldwide Inc. * Forecast

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SHARE OF 2019 TOTAL EMPLOYMENT

MANUFACTURING

4%GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+OTHER SERVICES

3%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

18%

AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

2%INFORMATION

19%

7%

10% 21% 6%

12%

MARKET OVERVIEW

DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

▪ The metro is expected to add nearly 212,000 people over the next five years and

during this period roughly 83,200 households will be formed.

▪ A median age below the U.S. median contributes to a homeownership rate of 54

percent, which is slightly below the national rate.

▪ Millennials, those in the cohort of 20- to 34-year-olds, comprise 22 percent of the

population, slightly above the U.S. level of 21 percent.

Orlando residents enjoy a remarkable quality of life, highlighted by a sunny climate,

professional sports teams, outdoor recreational activities, cultural venues, world-

famous attractions and beaches nearby. The region offers healthcare facilities and

exceptional community services such as Orlando Regional Medical Center and

AdventHealth Orlando. Cultural opportunities are offered at the Dr. Phillips Center for

the Performing Arts, Orlando Repertory Theatre, the Opera Orlando, the Orlando

Ballet and the Bach Festival Society. Amway Center in downtown is the Orlando

Magic’s arena. Large educational institutions in the area include the University of

Central Florida and Valencia Community College.

QUALITY OF LIFE

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s

Analytics; U.S. Census Bureau

2019 Population by Age

0-4 YEARS

6%5-19 YEARS

19%20-24 YEARS

7%25-44 YEARS

29%45-64 YEARS

25%65+ YEARS

15%

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37.3

2019MEDIAN AGE:

U.S. Median:

38.1

$55,700

2019 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$60,800

2.5M

2019POPULATION:

Growth2019-2024*:

8.4%

950K

2019HOUSEHOLDS:

8.8%

Growth2019-2024*:

PROPERTY NAME

MARKETING TEAMDEMOGRAPHICS

Source: © 2019 Experian

Created on October 2020

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2025 Projection

Total Population 6,778 36,255 120,395

▪ 2020 Estimate

Total Population 5,915 32,711 108,559

▪ 2010 Census

Total Population 3,962 24,165 82,519

▪ 2000 Census

Total Population 3,519 12,527 52,073

▪ Daytime Population

2020 Estimate 7,806 43,493 123,002

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2025 Projection

Total Households 3,131 11,913 42,523

▪ 2020 Estimate

Total Households 2,743 10,626 38,258

Average (Mean) Household Size 2.71 2.70 2.68

▪ 2010 Census

Total Households 1,814 7,392 28,192

▪ 2000 Census

Total Households 1,718 4,702 19,886

HOUSING UNITS 1 Miles 3 Miles 5 Miles

▪ Occupied Units

2025 Projection 3,131 11,913 42,523

2020 Estimate 5,042 20,846 55,528

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2020 Estimate

$200,000 or More 2.12% 5.12% 4.61%

$150,000 - $199,000 1.94% 3.18% 3.38%

$100,000 - $149,000 6.45% 11.13% 11.13%

$75,000 - $99,999 8.89% 10.25% 10.85%

$50,000 - $74,999 23.78% 21.94% 20.38%

$35,000 - $49,999 18.86% 16.62% 16.16%

$25,000 - $34,999 15.41% 11.98% 11.43%

$15,000 - $24,999 13.20% 11.25% 11.94%

Under $15,000 9.37% 8.53% 10.11%

Average Household Income $57,547 $77,038 $74,415

Median Household Income $44,265 $51,555 $50,371

Per Capita Income $26,686 $26,232 $27,125

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population 25+ by Education Level

2020 Estimate Population Age 25+ 4,332 20,440 69,710

Elementary (0-8) 3.05% 2.88% 2.83%

Some High School (9-11) 9.30% 6.68% 7.36%

High School Graduate (12) 29.75% 25.73% 26.13%

Some College (13-15) 21.32% 20.71% 21.21%

Associate Degree Only 10.41% 10.06% 10.10%

Bachelors Degree Only 14.52% 20.31% 20.17%

Graduate Degree 8.86% 11.58% 10.39%

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Income

In 2019, the median household income for your selected geography is

$44,265, compare this to the US average which is currently $62,990.

The median household income for your area has changed by 17.12%

since 2000. It is estimated that the median household income in your

area will be $48,974 five years from now, which represents a change

of 10.64% from the current year.

The current year per capita income in your area is $26,686, compare

this to the US average, which is $34,935. The current year average

household income in your area is $57,547, compare this to the US

average which is $90,941.

Population

In 2019, the population in your selected geography is 5,915. The

population has changed by 68.09% since 2000. It is estimated that the

population in your area will be 6,778.00 five years from now, which

represents a change of 14.59% from the current year. The current

population is 51.55% male and 48.45% female. The median age of the

population in your area is 38.09, compare this to the US average

which is 38.21. The population density in your area is 1,884.90 people

per square mile.

Households

There are currently 2,743 households in your selected geography. The

number of households has changed by 59.66% since 2000. It is

estimated that the number of households in your area will be 3,131

five years from now, which represents a change of 14.15% from the

current year. The average household size in your area is 2.71

persons.

Employment

In 2019, there are 3,913 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

56.94% of employees are employed in white-collar occupations in this

geography, and 44.47% are employed in blue-collar occupations. In

2019, unemployment in this area is 2.10%. In 2000, the average time

traveled to work was 29.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

72.00% White, 4.45% Black, 0.07% Native American and 5.20%

Asian/Pacific Islander. Compare these to US averages which are:

69.84% White, 12.88% Black, 0.20% Native American and 5.75%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 56.77% of the current year

population in your selected area. Compare this to the US average of

18.38%.

PROPERTY NAME

MARKETING TEAM

Housing

The median housing value in your area was $165,896 in 2019,

compare this to the US average of $221,068. In 2000, there were 996

owner occupied housing units in your area and there were 722 renter

occupied housing units in your area. The median rent at the time was

$736.

Source: © 2019 Experian

DEMOGRAPHICS

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THE MARCUS & MILLICHAP

ADVANTAGE

2,000MARCUS & MILLICHAP

PREMIER INVESTMENT SERVICES

Marcus & Millichap is the premier commercial real estate investment

services firm in the United States. Founded in 1971 on a unique model that

matches each property with the largest pool of pre-qualified investors, we

leverage four decades worth of experience and relationships to handle all

of your commercial real estate needs. Our team of more than 2,000

professionals in the U.S. and Canada focuses exclusively on real estate

investment sales, financing, research, and advisory services.

Founded in

1971 on a

unique

methodology

Largest pool of

pre-qualified

investors in

the industry

Moves capital

across our

network of

investment

professionals

More than 2,000

investment

professionals in

the U.S. and

Canada

WITH AN EXCLUSIVE FOCUS ONreal estate investment sales, financing, research, and advisory services

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MARCUS & MILLICHAP ADVANTAGE

M O R E T H A N

MAXIMIZING RESULTS WITH 80+ OFFICESTHROUGHOUT THE U.S. AND CANADA

With our collaborative

culture, cutting-edge

technology, and proven

methodology, we

efficiently match buyers

and sellers both regionally

and nationally to maximize

your success.

MOVING CAPITAL, MAXIMIZING VALUE

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MARCUS & MILLICHAP ADVANTAGE

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BOR Info:Ryan Nee

Florida Broker of Record

License: FL BK3154667

Phone: 954.245.3400