Marcus & Millichap is pleased to offer for sale a fee simple interest in the 67-unit, The Banyan Hotel, Tapestry Collection, located in Florida. The subject property is located on 0.16 acres in downtown area of Fort Myers and features 8 floors of well-maintained guest rooms. The property has recently undergone renovations and is being offered with a minimal property improvement plan for a new investor. Common area amenities include an on-site restaurant, large dining area, outdoor swimming pool, room service, fitness center, and a business center with fax & photocopy machines. Each guest room is equipped with free Wi-Fi, flat-screen TV with premium and cable channels, desk with chair, private bathroom, hairdryer, in-room coffee & tea maker, iron & ironing board, and a mini refrigerator.

The Banyan Hotel is strategically located in the heart of Ft. Myers with close proximity to all demand generators. The property is situated in a historic building and sits across from the Federal Courthouse, along with a variety of restaurants, retail, and local attractions. Fort Myers is located on the west coast of Florida and is known its beaches, shopping, tourist attractions, resorts, and restaurants. The metropolitan area is filled with creative attractions including a monthly Music Walk featuring local artists as well as many boutiques and art attractions .A highlight in the area is one of Florida’s newer state universities, Florida Golf Coast University (FGCU), which has an enrollment of over 15,000 students and offers undergraduate, graduate, and doctoral programs. The Fort Myers area offers many outdoor attractions including golfing, manatee tours, watersport rentals, fishing charters, and much more. For guest traveling to the area, the Southwest Florida International Airport is located about 16.5 miles from the hotel and is easily accessible.