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508 E Main Street | Apopka FL 32703
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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Dylan Jones
Real Estate Analyst
813.675.0464
dylan.jones@berkadia.com
Kyle Sahlsten
Associate Director
813.465.1212
kyle.sahlsten@berkadia.com
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THE OPPORTUNITY
Michael Weinberg
Managing Director
321.319.1419
michael.weinberg@berkadia.com
Hilton Garden Inn Apopka City Center
Recent Vintage Hilton Garden Inn Located in the Rapidly Expanding Apopka Submarket
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Alec Fox
Associate Director
727.871.9576
alec.fox@berkadia.com
Edmund Aramayo
Real Estate Analyst
786.543.3349
edmund.aramayo@berkadia.com
Rebecca Van Reken
Managing Director
407.232.0400
rebecca.vanreken@berkadia.com
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Berkadia Real Estate Advisors LLC (“Berkadia”) is pleased to offer, on an exclusive basis, the opportunity to acquire fee-simple interest in the 114-key Hilton Garden Inn Apopka City Center located at 580 E Main St, Apopka, FL 32703 (defined as the “Property”, “Asset” or “Hotel”). Included in the offering is the adjacent Highland Manor event venue located at 604 E Main St, Apopka, FL 32703. The historic, 110-year-old venue is one of Central Florida’s premier events venues that hosts weddings, corporate events, and “SMERF” gatherings funneling group business to the Hilton Garden Inn. Built in 2020, the Hilton Garden Inn is located at the center of the master-planned development, Apopka City Center, which upon completion, will feature a grocery store, food hall, brewery, national branded restaurants, and 190-unit apartment building. Apopka is experiencing transformational growth, propelled by several recent, large-scale and high-profile developments, including the new $203 million AdventHealth Apopka medical campus (3.5 miles), 2.4 million square-feet Mid-Florida Logistics Park (4.4 miles), and the $1.6 billion Wekiva Parkway Extension (2023 completion), connecting the western beltway (SR 429) to I-4 & SR 417 in Lake Mary, representing the final link in Central Florida’s beltway system. These remarkable growth dynamics position the Hilton Garden Inn at the forefront of western Orlando’s torrid growth trajectory, providing investors with the rare opportunity to acquire a highperforming, newly-constructed, Hilton-branded hotel with a captive, complimentary demand driver in Highland Manor.
#1 RevPAR penetration since 2021 & generating significant in-place cash flow
new vintage, Hilton-branded asset offering the most meeting space in Apopka
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adjacent highland manor, included in the offering, provides stable, captive demand
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located in the vibrant, mixed-use apopka city center master-planned development
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newly built $1.6 billion wekiva parkway extension has spurred explosive growth and development in apopka
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desirable hilton garden inn brand affiliation offered unencumbered by debt and management
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Guests can access the Hilton Garden Inn and Highland Manor by heading south at the signalized intersection of E Main Street (US 441) and S McGee Ave then making a left at the roundabout. S Orange Blossom Trail (US 441) and E Semoran Blvd (SR 436), with a combined 59,500 average annual daily travelers, intersect east of the Property to form E Main Street. The Apopka City Center master development pans north and south of US 441. E 6th Street abuts the south end of the Property and provides a backroads entrance and exit.
Outdoor
Pool
FITNESS
CENTER
BUSINESS
CENTER
YEAR BUILT
2020
GUESTROOMS
114
FLOORS
4
SITE SIZE
2.62 Acres
PROPERTY TYPE
Select-service
GROSS BUILDING AREA
71,394 SF
CLASS
Upscale
management
Unencumbered
TOTAL MEETING SPACE
10,000 SF (Flexible Indoor/Outdoor)
FOOD & BEVERAGE
The Garden Grille & Bar, The Shop (Convenience Store)
Apopka CITY CENTER
508 E Main Street | Apopka FL 32703
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