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TRYP by Wyndham Tallahassee North I-10 1978 Village Green Way 100 Room Hotel Tallahassee, FL 32308 $17,791,872 CAD ($177,919 CAD/Room) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated in 2023 with $620K in upgrades
- Located near FSU, FAMU, and State Capitol
- Turnkey asset with upside via ADR growth
- 100-room hotel with full-service amenities
- Wyndham brand with global loyalty reach
- 2.08-acre site with concrete block structure
EXECUTIVE SUMMARY
Positioned in the heart of Florida’s capital city, the TRYP by Wyndham Tallahassee offers a compelling opportunity for hospitality investors seeking both operational stability and long-term upside. This 100-room, pet-friendly hotel underwent a substantial $620,000 renovation in 2023, delivering turnkey readiness and modernized amenities. The property spans 66,819 square feet across three stories on a 2.08-acre parcel, with concrete block construction and interior corridors.
Guests enjoy a full suite of services including a restaurant/tavern, 24-hour front desk and business center, complimentary hot breakfast, a 24/7 fitness center, and free high-speed Wi-Fi throughout. Each room is outfitted with ergonomic workstations, HDTVs, coffee/tea makers, and family suites feature microwaves, full-size refrigerators, and wet bars. The TRYP brand, part of Wyndham Hotels & Resorts, benefits from global distribution, robust marketing, and the highly rated Wyndham Rewards program.
Strategically located just minutes from Florida State University, Florida A&M University, the State Capitol, and Tallahassee International Airport, the property is surrounded by cultural, educational, and recreational destinations. This vibrant setting supports strong demand from both leisure and business travelers. With potential for enhanced Average Daily Rate (ADR) and brand repositioning, the asset presents a rare blend of immediate cash flow and long-term appreciation.
Guests enjoy a full suite of services including a restaurant/tavern, 24-hour front desk and business center, complimentary hot breakfast, a 24/7 fitness center, and free high-speed Wi-Fi throughout. Each room is outfitted with ergonomic workstations, HDTVs, coffee/tea makers, and family suites feature microwaves, full-size refrigerators, and wet bars. The TRYP brand, part of Wyndham Hotels & Resorts, benefits from global distribution, robust marketing, and the highly rated Wyndham Rewards program.
Strategically located just minutes from Florida State University, Florida A&M University, the State Capitol, and Tallahassee International Airport, the property is surrounded by cultural, educational, and recreational destinations. This vibrant setting supports strong demand from both leisure and business travelers. With potential for enhanced Average Daily Rate (ADR) and brand repositioning, the asset presents a rare blend of immediate cash flow and long-term appreciation.
PROPERTY FACTS
| Price | $17,791,872 CAD | Building Size | 66,819 SF |
| Price Per Room | $177,919 CAD | No. Rooms | 100 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 8% | Year Built/Renovated | 1989/2023 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.08/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.08 AC | ||
| Zoning | OR-3 - Office Residential District | ||
| Price | $17,791,872 CAD |
| Price Per Room | $177,919 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.08 AC |
| Building Size | 66,819 SF |
| No. Rooms | 100 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2023 |
| Tenancy | Single |
| Parking Ratio | 1.08/1,000 SF |
| Corridor | Interior |
| Zoning | OR-3 - Office Residential District |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 20 | $216.84 CAD | - |
| Guest Room | 80 | $183.48 CAD | - |
PROPERTY TAXES
| Parcel Number | 11-08-75-00A-005.0 | Improvements Assessment | $8,361,344 CAD |
| Land Assessment | $651,422 CAD | Total Assessment | $9,012,766 CAD |
PROPERTY TAXES
Parcel Number
11-08-75-00A-005.0
Land Assessment
$651,422 CAD
Improvements Assessment
$8,361,344 CAD
Total Assessment
$9,012,766 CAD
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TRYP by Wyndham Tallahassee North I-10 | 1978 Village Green Way
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