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Fully Entitled Marriott Residence Inn Site 60 Montebello Rd 140 Room Hotel Warwick, RI 02886 $3,819,612 CAD ($27,283 CAD/Room)
INVESTMENT HIGHLIGHTS
- Intermodal Zoning.
- Multifamily Development Opportunity.
- Shovel Ready.
- Across from Airport.
- Hospitality Development Opportunity.
EXECUTIVE SUMMARY
Prime land across from TF Green Airport, located in Intermodal District. Approximately 2.4acres. This site is fully entitled, complete architectural and engineering, and permitted for a Marriott Residence Inn (with reimbursement above purchase price for out of pocket costs of drawings, franchise, and entitlement costs). Alternatively this is prime land for a multifamily development, etc.
PROPERTY FACTS
| Price | $3,819,612 CAD | Lot Size | 2.42 AC |
| Price Per Room | $27,283 CAD | Construction Status | Deferred |
| Sale Type | Investment | Building Size | 105,000 SF |
| Sale Condition | Redevelopment Project | No. Rooms | 140 |
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built | 2024 |
| Building Class | B | Corridor | Interior |
| Zoning | LI | ||
| Price | $3,819,612 CAD |
| Price Per Room | $27,283 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.42 AC |
| Construction Status | Deferred |
| Building Size | 105,000 SF |
| No. Rooms | 140 |
| No. Stories | 6 |
| Year Built | 2024 |
| Corridor | Interior |
| Zoning | LI |
AMENITIES
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 140 | $344.46 CAD | - |
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Fully Entitled Marriott Residence Inn Site | 60 Montebello Rd
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