COMFORT INN PLANT CITY - LAKELAND2003 SOUTH FRONTAGE ROAD, PLANT CITY, FL 33563

Offering Memorandum

PROPERTY DETAILSCOMFORT INN PLANT CITY - LAKELAND

Property Address2003 South Frontage Road

Plant City, FL 33563

Total Number of Rooms 61

Queen/Queen Rooms 41

King Standard Rooms 11

King Suites 9

Year Built 1998

Number of Stories 3

Lot Size 3.49 +/- Acres

Type of Ownership Fee Simple

► Lakeland (11 Miles)

► Brandon (22 Miles)

► Tampa (25 Miles)

► Wesley Chapel (32 Miles)

► St. Petersburg (47 Miles)

► Clearwater (47 Miles)

► Orlando (62 Miles)

► Bradenton (57 Miles)

► Sarasota (72 Miles)

► Ocala (109 Miles)

► Daytona Beach (117 Miles)

► Fort Myers (137 Miles)

► Gainesville (147 Miles)

► Saint Augustine (168 Miles)

► Jacksonville (202 Miles)

► Miami (248 Miles)

► Tallahassee (288 Miles)

NEARBY CIT IES

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► Business Center

► Fitness Center

► Guest Laundry

► Outdoor Pool

► Whirlpool/Hot Tub

COMMON AREA AMENITIES

► Microwave

► Refrigerator

► Coffee Maker

► Connecting/Adjoining Rooms Available

► 42-Inch Flat Screen Television

► Free Toiletries

► Work Desk

► Free Wifi

ROOM AMENITIES

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LOCAL MAP

COMFORT INN PLANT CITY - LAKELAND

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PROPERTY NAME & LOCATION NUMBER OF ROOMS YEAR BUILT

Comfort Inn Plant City Lakeland - 2003 S Frontage Rd, Plant City, FL 33563 61 1998

1 Comfort Inn & Suites Lakeland - 3520 US Hwy 98 N, Lakeland, FL 33809 102 1994

2 La Quinta Inns & Suites Lakeland West - 1024 Lakeland Park Center Dr, Lakeland, FL 33809 119 1997

3 Holiday Inn Express & Suites Plant City - 2102 N Park Rd, Plant City, FL 33566 70 2000

4 Hampton Inn & Suites Tampa East Casino Area - 11740 Tampa Gateway Blvd, Seffner, FL 33584 75 2005

5 Fairfield Inn & Suites Lakeland Plant City - 4307 Sterling Commerce Dr, Plant City, FL 33566 87 2009

6 Hampton Inn Plant City - 2702 Thonotosassa Rd, Plant City, FL 33563 89 2017

COMPETIT IVE PROPERTIES – SUMMARY

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COMFORT INNPLANT CITY - LAKELAND

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COMPETIT IVE PROPERTIES

COMFORT INN PLANT CITY - LAKELAND2003 S Frontage Rd, Plant City, FL 33563

61 TOTAL ROOMS

1998 YEAR BUILT

COMFORT INN & SUITES LAKELAND3520 US Hwy 98 N, Lakeland, FL 33809

1

102 TOTAL ROOMS

1994 YEAR BUILT

Comments: Located approximately 9.8 miles east of the subject property.

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LA QUINTA INNS & SUITES LAKELAND WEST1024 Lakeland Park Center Dr, Lakeland, FL 33809

2

119 TOTAL ROOMS

1997 YEAR BUILT

Comments: Located approximately 9.8 miles east of the subject property.

HOLIDAY INN EXPRESS & SUITES PLANT CITY2102 N Park Rd, Plant City, FL 33566

3

70 TOTAL ROOMS

2000 YEAR BUILT

Comments: Located approximately 0.6 miles south of the subject property.

COMPETIT IVE PROPERTIES

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COMPETIT IVE PROPERTIES

HAMPTON INN & SUITES TAMPA EAST CASINO AREA11740 Tampa Gateway Blvd, Seffner, FL 33584

4

75 TOTAL ROOMS

2005 YEAR BUILT

Comments: Located approximately 13.1 miles west of the subject property.

FAIRFIELD INN & SUITES LAKELAND PLANT CITY4307 Sterling Commerce Dr, Plant City, FL 33566

5

87 TOTAL ROOMS

2009 YEAR BUILT

Comments: Located approximately 3.4 miles east of the subject property.

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HAMPTON INN PLANT CITY2702 Thonotosassa Rd, Plant City, FL 33563

6

89 TOTAL ROOMS

2017 YEAR BUILT

Comments: Located approximately 3.7 miles west of the subject property.

COMPETIT IVE PROPERTIES

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Tampa Bay refers both to a larger metropolitan area and to the bay that extends inland from the Gulf of Mexico. The Tampa-St. Petersburg metro contains 2.9 million residents and spans four counties along the west coast of central Florida: Hillsborough, Pasco, Hernando and Pinellas. Tampa, the county seat of Hillsborough County, is the most populous city with more than 365,400 people and is situated northeast of the bay. St. Petersburg follows with nearly 255,000 residents and is located on the peninsula near the mouth of the bay. Robust job growth is attracting new people to the metro, many of whom are living in higher-density redevelopment projects near city cores.

METRO HIGHLIGHTS

TAMPA-ST. PETERSBURG

OVERVIEW

FAVORABLE BUSINESS CLIMATE

A low cost of living and economic development bring a thriving business landscape to the Tampa Bay-St. Petersburg metro.

PORT ACTIVITY

One of the largest seaports in the Southeast, the Port of Tampa services passenger cruise ships and commercial freighters. The Port of St. Petersburg is also in the metro.

DIVERSE ECONOMY

High-tech industries as well as the tourism, military, finance and seaborne commerce segments drive the region’s economy.

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ECONOMY

n Local ports contribute to a major presence in the shipping, distribution and logistics industry. The CSX Intermodal facility in nearby Polk County provides quick access to markets throughout the nation.

n Bioscience and other high-tech industries are expanding. Local Fortune 500 companies include WellCare Health Plans, Tech Data and Jabil Circuit.

n Tourism also plays a significant role in the local economy. Visitors can go to Busch Gardens, the Dali Museum and the region’s many beaches, among other sites.

MAJOR AREA EMPLOYERS

BayCare Health Care Systems

Publix Supermarkets, Inc.

HCA West Florida

Walmart

Verizon Communications, Inc.

MacDill Air Force Base

University of South Florida

JPMorgan Chase

Citibank

TECO Energy Inc.*Forecast

Share of 2017 Total Employment

PROFESSIONAL ANDBUSINESS SERVICES

18%MANUFACTURING

5%GOVERNMENT

12%LEISURE AND HOSPITALITY

12%FINANCIAL ACTIVITIES

8%

AND UTILITIESTRADE, TRANSPORTATION

19%CONSTRUCTION

6%HEALTH SERVICES

EDUCATION AND

+ 15%INFORMATION

2%OTHER SERVICES

4%

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