Cushman & Wakefield's Hotel Group is pleased to offer for sale the fee simple interest in the two-property portfolio consisting of Altamonte Springs Hotel & Suites and Altamonte Terrace Apartments. Both properties are located on the same parcel along Douglas Avenue, which is located parallel to the heavily travelled Interstate-4 Express, providing ease of access and displaying excellent signage. Additionally, the properties are located in the highly desirable City of Altamonte Springs with one of the top-performing MSAs in the state. The property is currently operating as two separate businesses giving a buyer the opportunity to earn income from hospitality services in addition to multifamily. Additionally, the properties present a variety of opportunities that include, but are not limited to, repositioning opportunities and improvement opportunities. This Altamonte Springs Two-Property Portfolio offers investors the opportunity to acquire multiple properties within different asset classes in a highly desirable market, with a sizable position in that market, with strong value-add potential.
