Hodges Ward Elliott (“HWE”) is pleased to present for your consideration the opportunity to acquire the fee simple interest in the Hampton Inn by Hilton Fort Myers Downtown (the “Hotel”, “Property”, or “Asset”), a 118-room Hotel located in the heart of downtown Fort Myers, Florida. The Property completed ground-up construction and officially opened at the end of 2023. With its central location, guests have easy access to a wide range of shops, restaurants, and attractions, making it a preferred choice for both business and leisure travelers. Guests at the Hampton Inn can enjoy a range of onsite amenities, including a modern fitness center, meeting room, outdoor pool, and hot tub. For added convenience, the Hotel offers a complimentary hot breakfast each morning, as well as complimentary parking for guests.
| Address | 2017 McGregor Blvd, |
| Keys | 118 |
| Floors | 4 |
| Year Opened | 2023 |
| Food & Beverage | Free hot breakfast |
| Amenities | Fitness center, outdoor pool, hot tub |
| Site Area | 1.29 acres |
| Parking | 101 spaces, complimentary parking |
| Build | Reinforced concrete |
| Management | Hawkeye Hotels (unencumbered) |
| Brand | Hampton by Hilton |
| Interest | Fee simple |
| Labor | Non-union |
Prime Location
The Hotel is located in downtown Fort Myers, a fast-growing market with a strong economy, favorable demographics, and a rapidly growing tourism industry. The Property is steps away from the River District, 15 minutes from Fort Myers' famous, tranquil beaches, and 20 minutes from Southwest Florida International Airport, making the Hotel a convenient base for exploring the area. This prime location provides investors with long-term growth potential and the opportunity to capitalize on the area's expanding hospitality market.
New Hotel With Modern Amenities
Officially opened at the end of 2023, the brand-new, ground-up construction features 118-spacious and modern guestrooms designed with ample workspace, comfortable seating, and plenty of natural light. Additionally, the Property offers desired amenities such as complimentary breakfast, a fitness center, an outdoor pool, and hot tub, making it an attractive option for both leisure and business travelers alike. Ownership has implemented a range of environmentally friendly practices, including using energy-efficient lighting, recycling, and reducing water usage, meaning guests can enjoy their stay knowing that they are making a positive impact on the environment.
Diverse Demand Drivers
The Property benefits from easy access to world-class healthcare facilities such as Lee Health, the largest healthcare system in Southwest Florida. The Hampton Inn neighbors the River District, which encompasses a blend of the city's top dining and entertainment venues paired with a growing business environment. The area prospers from many other leisure-oriented demand drivers, including championship golf courses, retail outlets, MLB Spring Training facilities, and ample art establishments. Additionally, the Hotel enjoys a location just a short distance from numerous major beaches such as Fort Myers Beach, Sanibel Island, Capitva Island, Bonita Beach, and more.
Rapidly Growing Market
Fort Myers continues to be among the fastest-growing cities in the U.S., with its population surpassing 100,000 residents. According to a 2023 US Census report, the population has surged by over 100% since 2000. In 2022, tourism in Collier and Lee counties set new records, with tourism tax revenues in the second quarter up by 28% over the previous high in 2019.
The housing market in Southwest Florida remains strong. Building permits for single-family homes rose by 64% in Lee County and 40% in Collier County in 2023. The Naples Board of Realtors (NABOR) reported that single-family home inventory dropped by 80%, with most homes selling within 20 days. The median closed price of a home in April 2023 was $600,000, reflecting a 25% increase from 2022.
Fort Myers' population growth has been driven in part by its strong economy. The city has a diverse economy, with major industries including tourism, healthcare, construction, and retail. The area is also home to a number of large employers, including Hertz, Chico's FAS, and Lee Health.
Improved Accessibility Through Increased Airlift
The Property is 20 minutes from Southwest Florida International Airport (RSW), the second busiest single-runway airport in the United States. RSW traditionally accommodated most of its demand from the Midwest, but has recently added a heavy presence in the Northeast and elsewhere with new routes to Hartford, Providence, Wilmington, and Austin. The airport opened a new 28-gate terminal in 2019, which added 300,000 square feet of space and increased the airport’s capacity to 20 million passengers per year. In 2023, the airport served over 10.0 million passengers, an increase of 7.4% compared to 2018.
Strong Brand
Hilton is undeniably one of the most recognizable and top-performing hospitality brands in the world, providing highly rated reservation systems and access to over 146 million Hilton Honors members. As part of the Hilton system, the Hampton Inn brand has a strong reputation for quality and consistency, which helps attract a steady stream of guests and ensure high occupancy rates. Hilton provides marketing and advertising support to its franchisees, including national and global advertising campaigns, as well as access to marketing tools and resources.
