HIGHLIGHTS 1,500 feet from Legoland gates Frontage on Roosevelt Drive just east of Cypress Gardens Blvd. Previously planned for 108 hotel units or $12,000 per key Current zoning allows for hotel, retail, multi-family, office and self-storage Approximately 3 acres Legoland transitioning to multi-day experience with estimated 1.5 million attendees annually Existing demand for 240+ limited service hotel rooms in the Cypress Garden Corridor Located in a TSDA Transit Supportive Development Area of Polk County Price: $1,296,000
Location Located on Roosevelt Dr. just east of Cypress Gardens Blvd. (approximately 300 ), in the Cypress Gardens Corridor of Winter Haven, Florida. The property is located directly across from the Legoland Florida amusement park Convenient access to Cypress Gardens Blvd. and Highway 27 Tijuana Flats, Ruby Tuesday, Publix, and Walgreens are all within walking distance Property Description The subject site is rectangular in shape and contains 3 acres. The current zoning allows for other uses including retail, office, restaurants, and schools. Public utilities available to this property include electrical service by Tampa Electric Company and water and sewer service by Polk County Utilities. Address Site Size Approvals Zoning 0 Roosevelt Dr., Winter Haven, FL, 33884 3 acres (130,684 SF) A PD was approved for a 108-room hotel CAC Community Activity Center 2014 Taxes (Proposed) $4,690 Parcel ID 262902663640002361 Price $1,296,000
Legoland and Area Information Legoland Florida opened in October of 2011 and is the world s second largest Legoland park. Legoland Florida is a 145- acre, full two-day interactive family theme park specifically designed for families with children ages 2 to 12. It features more than 50 rides, shows, and attractions, restaurants, shopping, a breathtaking botanical garden and a water park. The park has had very strong attendance and, although the park does not release attendance figures, attendance at the six Legoland parks worldwide rose by 33 percent, from 7.9 million to 10.5 million, in 2012. Estimates put the annual attendance figures for the Winter Haven location at over 1.5 million annually. The park has expanded twice already, first opening a water park and later a new signature land called the World of Chima. The Central Florida Visitor s Center reports that 25% of their ticket sales are for the Legoland theme park. Legoland has recently completed its third expansion to the park and opened its Lego- Themed hotel in 2015. By May of that same year, they had already sold 40% of the inventory available through the end of year at a rate nearly triple the County s average ADR. There is a strong demand for modern hotels, as over 70 percent of the hotel rooms in the area are substandard.
http://www.winterhavenchamber.com/blog/cypress-gardens-corridor-study-debrief Dr. Harris notes 6 key findings from his work studying the corridor: 1. The corridor TODAY could support at least 240 net new limited service hotel rooms given the existing demand (editorial note: this number is disputed by people in the industry as too low given the other drivers such as the increase demand in sporting events and business industry growth, but remember that's TODAY. See next line) 2. There is a significant demand that could be captured such that the need for hotel rooms could exceed 1,200 net new rooms by 2025. - Cypress Gardens Corridor Study Debrief 10/20/2015 http://www.orlandosentinel.com/travel/attractions/legoland/os-legoland-hotel-opens-20150513-story.html The hotel's opening completes a significant shift from a day attraction to a multiday destination, Jones said. Initial hotel bookings indicate there was demand for that change. Already, the park has sold nearly 40 percent of the available inventory from now until the end of the year. - Caitlin Dineen 5/13/2015
Proposed Site Plan
Mike Christopher Sr. Director of Land PH: 561-313-0778 E: MC@RMAfla.com Michael Lewin Sales Associate PH: 561-236-5391 E: ML@RMAfla.com Note: All information contained herein was obtained from sources we consider to be reliable. However, we are not responsible for misstatement of facts, errors, omissions, prior sale, withdrawal from market, or change in price or terms without notice.