Hodges Ward Elliott is pleased to present the exclusive opportunity to acquire the fee-simple interest in the recently renovated 162-key Aloft Tallahassee Downtown (the “Hotel” or “Property”). Situated in Florida’s capital city, the Property benefits from durable, year-round demand generated by government operations, major universities, collegiate athletics, and leisure travel.
Located in the heart of Downtown Tallahassee, the Hotel is within one mile of the Florida State Capitol and the primary campuses of Florida State University (FSU) and Florida A&M University (FAMU). The Property also provides walkable access to key lifestyle and entertainment destinations, including Cascades Park, CollegeTown, and the Donald L. Tucker Civic Center, one of the region’s leading venues for events and conferences.
Tallahassee continues to exhibit steady economic and population growth, supported by a large public-sector employment base, continued university expansion, and its growing prominence as a destination for legislative sessions and collegiate sporting events. With immediate access to Interstate 10 and an approximately 15-minute drive to Tallahassee International Airport, the Hotel is well positioned to capture a diversified mix of government, group, and transient demand.
| Address | |
| Rooms | 162 |
| Floors | 7 |
| Year Built | 2009 |
| Year Renovated | 2024 |
| Land Area | ± 0.82 AC |
| F&B Outlets | W XYZ Bar |
| Hotel Meeting Space | 2,196 SF |
| Parking | Self-Parking $25.00 / Day |
| Amenities |
|
| Affiliation | Marriott |
| Interest | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
Investment Highlights
PRIME DOWNTOWN LOCATION
Positioned within Downtown Tallahassee, the Hotel is located less than one mile from the Florida State Capitol, Leon County Courthouse, and the primary campuses of Florida State University and Florida A&M University. Collectively, the two universities enroll more than 53,000 students and employ over 17,000 faculty and staff, while Florida State University football attracts crowds exceeding 70,000 attendees per home game, generating significant weekend demand during the fall season.
The surrounding area features a diverse concentration of government offices, cultural landmarks, and entertainment venues. Cascades Park, a 24-acre urban park located just blocks from the Property, is home to the Adderly Amphitheater and regularly hosts concerts, festivals, and public events. Nearby, the Donald L. Tucker Civic Center serves as a major regional event facility, offering a 12,500-seat arena and more than 54,000 square feet of meeting space, and draws over 500,000 visitors annually.
Tallahassee also offers a robust cultural and recreational environment, anchored by attractions such as the Museum of Florida History, the Florida Historic Capitol Museum, and the Railroad Square Art District, all contributing to the city’s appeal among leisure travelers. In addition, visitors benefit from access to over 700 miles of hiking, biking, and paddling trails, including destinations such as Lake Jackson Mounds State Park and the Tallahassee Museum, reinforcing Tallahassee’s growing profile as an outdoor-oriented destination.
HIGH-PERFORMING JOB MARKET FUELING ECONOMIC STRENGTH
Tallahassee continues to stand out as a resilient and expanding regional economy, supported by sustained employment growth, a business-friendly environment, and a well-educated labor force. In 2024, the city ranked 12th nationally for overall economic performance and has generated more than 18,000 new jobs over the past five years, placing it within the top 15% of U.S. metropolitan areas for job creation.
As Florida’s capital and a major higher-education hub, Tallahassee benefits from a highly diversified economic foundation led by government, education, healthcare, and emerging private-sector industries. The area’s largest employers include Florida State University, the State of Florida, Tallahassee Memorial HealthCare, the City of Tallahassee, Leon County Schools, and Florida A&M University. Complementing this public-sector base is a growing presence of private employers across legal, technology, and professional services, further strengthening the region’s long-term economic outlook.
Florida State University
Tallahassee Memorial Healthcare
Florida A&M University
Comprehensive Renovation in 2024
Built in 2009, the Property has demonstrated a strong history of operating performance, earning notable industry recognition including the 2021 TripAdvisor Travelers’ Choice Award. In 2024, current ownership invested approximately $3.4M to complete a comprehensive renovation. Capital improvements included a full lobby redesign, comprehensive guest room and bathroom renovations, and refreshed public spaces and amenities, enhancing the guest experience and positioning a new owner to achieve immediate rate growth. Extremely minimal capital expense expected for a new owner.
CLEAN INVESTMENT OPPORTUNITY
WITH MAXIMUM FLEXIBILITY
The Property is offered fee simple and free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.
LIMITED NEW SUPPLY UNDERWAY
Within the Tallahassee market, only one hotel is currently under construction, located approximately 25 minutes outside of Downtown. As a result, the Downtown submarket faces minimal near-term competitive pressure, supporting continued occupancy stability and rate growth.
POWER OF MARRIOTT
The Property benefits from its affiliation with Marriott, the world’s most recognizable and top-performing hospitality brand. Marriott’s powerful centralized marketing, booking, and loyalty systems provide the Hotels with access to 200 million Marriott Bonvoy members worldwide.
