KW Commercial | Town & Country
1520 Killearn Center Blvd
Tallahassee, FL 32309
(239) 821 3178
Clarion Pointe (High Springs Inn) | Alachua, FL
Deal Room
Deal Room
Overview
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Location
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Inventory
15920 Northwest US Highway 441
Alachua, FL 32615
Purchase Price
$3,150,000
Cap Rate
7.29%
Property Type
Hospitality
Rentable Square Feet
0
Price per RSF
NA
Number of Rooms
60
Floors
2
Zoning
C1 - General Commercial
APN
03066-008-001
Property Description
Clarion Pointe a Choice brand hotel being offered for sale. The property is temporarily running as High Springs Inn till renovations are completed. The property is under the Choice reservation system. It is centrally located in high growth area of Alachua just 15 miles north of Gainesville FL on the intersection of I-75 and Hwy 441. The two story, exterior corridor property has 60 rooms. Renovations were initiated in 2024 including new lobby, front desk, addition of a fitness room, breakfast area, prep kitchen and manager office. All completed to Clarion specs. 9 rooms are fully renovated, 13 need new FFE & wall mural, remaining 38 need full renovation. Outdoor pool area has been updated with new furniture, new iron fence and outdoor pool has been relined. The property has a high revenue history projected to continue as demand in the area grows. Gainesville just 15 minutes south of the property, is home to the University of Florida (UF), one of the largest public universities in the U.S. UF-related events such as: graduations, sports (especially Gators football), homecomings and academic conferences create recurring spikes in hotel demand. Overflow lodging demand often pushes into Alachua.