Example

What a buyer opens when a broker publishes a listing in PATL, past the gate. The hotel and the firm are invented. How it works.

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A contemporary hotel exterior at dusk, stock photography standing in for the property

Offered for sale · Ridgeline Hotel Partners

Cypress Court Hotel

120 keys · Upper midscale, select service · Built 2016, PIP completed 2024

Lake Nona, Orlando, Florida

Independent, select-service asset a half-mile from Lake Nona Town Center, offered with a completed PIP and no franchise transfer to underwrite.

Download the proforma (PDF) See how a broker publishes this

Why this asset

Three reasons this trades quickly

74%

Occupancy ramps from 68% in year one to a 74% stabilised level by year three, without assuming a rate a comparable set hasn't already cleared.

2024

PIP completed the year before offering — new casegoods, corridors and public space, so the buyer's capital plan starts at reserve funding, not a scope-and-bid exercise.

$87.5K

Per key at asking, against a submarket where land and construction alone run well above that basis — the discount is to replacement cost, not to performance.

Property details

120 keys, five stories, independent

Keys
120
Stories
5
Built
2016
PIP completed
2024
Site
3.1 acres
Parking
145 spaces
Ownership
Fee simple
Zoning
C‑3 Commercial

Amenities

  • Outdoor pool
  • Fitness center
  • Free hot breakfast
  • ≈500 sf meeting space
  • Business center
  • Pet-friendly rooms
  • Free self parking
  • 24-hour airport shuttle

Trailing and modelled

Offering terms & the pinned proforma

USALI, in dollars, as published on 18 August 2026. Pinned to assumption set v4 and engine 0.43.0, so this page shows what was marketed rather than whatever the deal says today.

Asking price$10,500,000
Per key$87,500
Going in cap8.19%
Hold modelled5 years

Operations

Occupancy ramps to a 74% stabilised level, ADR grows 3% a year off a $145 base. Rooms revenue is computed from unrounded occupancy times ADR times nights, which is why it ties to a workbook to the cent.

YearYr 1Yr 2Yr 3Yr 4Yr 5
Occupancy68.0%72.0%74.0%74.0%74.0%
ADR$145.00$149.35$153.83$158.45$163.20
RevPAR$98.60$107.53$113.83$117.25$120.77

Proforma

USALI, in dollars, as published on 18 August 2026. Pinned to assumption set v4 and engine 0.43.0, so this page shows what was marketed rather than whatever the deal says today.

LineYr 1Yr 2Yr 3Yr 4Yr 5
Total revenue4,452,7084,856,0715,140,6745,295,0605,453,798
Rooms departmental profit2,847,3503,135,5613,350,4413,482,2163,617,698
Other operated profit60,31365,77669,63171,72073,872
Total departmental profit2,907,6633,201,3383,420,0733,553,9363,691,570
Administrative & general356,217388,486411,254423,605436,304
Information & telecom44,52748,56151,40752,95154,538
Sales & marketing267,162291,364308,440317,704327,228
Property operations & maintenance178,108194,243205,627211,802218,152
Utilities168,000168,000168,000168,000168,000
Total undistributed1,014,0151,090,6531,144,7281,174,0611,204,222
Gross operating profit1,893,6482,110,6842,275,3452,379,8752,487,348
Management fee133,581145,682154,220158,852163,614
Franchise fee323,901353,243373,945385,176396,723
Property tax320,000326,400332,928339,587346,378
Insurance78,00078,00078,00078,00078,000
EBITDA before reserve1,038,1661,207,3591,336,2511,418,2601,502,633
FF&E reserve178,108194,243205,627211,802218,152
Net operating income860,0581,013,1171,130,6241,206,4581,284,481
NOI margin19.3%20.9%22.0%22.8%23.6%

Franchise fees are the brand's published Item 5 and Item 6 schedule rather than a rule of thumb. Property tax escalates 2% a year off the current assessment, and the FF&E reserve is 4% of total revenue.

Leveraged returns are not marketed

They depend on a capital structure only the buyer knows. Take these inputs into your own workspace, put your own debt on them, and the model sizes the loan against DSCR, debt yield and LTV and tells you which test binds.

Where it sits

A half-mile off Lake Nona Town Center

  • Lake Nona Town Center0.6 mi
  • Lake Nona Medical City1.2 mi
  • Orlando International Airport (MCO)8.2 mi
  • FrontageSignalized arterial

Corner parcel with a shared curb cut and a single access-managed drive, at grade with the retail center immediately to its south. No adverse easements recorded against the site.

Open in Google Maps

The submarket

Lake Nona is still filling in

Comparable supply
1,860 keys / 9 hotels
3-yr submarket RevPAR CAGR
4.1%
Population growth, 5 mi
+18% since 2020

Built out around Lake Nona Medical City and the USTA National Campus, the submarket has added rooms slower than it has added demand generators — the last comparable delivery was 2020. Master-planned residential growth continues north and east of the site.

Demand drivers nearby

What actually fills these rooms

  • 1 Lake Nona Medical City1.2 mi
  • 2 USTA National Campus2.4 mi
  • 3 Lake Nona Town Center0.6 mi
  • 4 Orlando Int'l Airport (MCO)8.2 mi

The competitive set

Five hotels the buyer will already know

Occupancy, ADR and RevPAR for named competitors are STR-licensed data and are not republished here — the same restriction the real page states rather than silently omitting the columns.

HotelFlagKeysOpenedDistance
Town Center InnIndependent8420120.5 mi
Lakeside Suites OrlandoIndependent11020150.8 mi
Nona Crossing Inn & SuitesIndependent9620181.1 mi
Medical City Hotel & SuitesIndependent12820201.4 mi
Airport Gateway SuitesIndependent14020177.6 mi

How the process runs

Four steps to close

01

Review the data room

The OM, franchise summary, PIP scope and the live proforma workbook — everything below, in one place.

02

Submit best and final

Priced off the going-in cap above. The brokerage responds within five business days of the deadline.

03

PSA & diligence

A 45-day diligence period against a hard deposit at signing. No franchise transfer approval to chase.

04

Close

Standard title contingencies. Seller carries no financing and makes no post-closing commitments.

Documents

Published by the brokerage against this link. Downloads are recorded against the person who took them.

What you can do with this

The two buttons a real listing carries. Both are inert here, because there is no hotel behind this page.

Download the proforma (PDF) See how a broker publishes this

Underwrite it yourself

Take these inputs into your own workspace and run them on your assumptions. Every figure arrives marked as the seller's until you change it, and the record of where it came from stays attached to the listing.

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