Hodges Ward Elliott is pleased to present the exclusive opportunity to acquire the fee-simple interest in the Hyatt House Tallahassee Capitol – University and the Hampton Inn & Suites Tallahassee Capitol – University (together, the "Hotels" or “Properties”), a combined 244-key, two-property offering located steps apart in Tallahassee's Railroad Square Arts District. Situated in Florida's capital city, the Hotels benefit from durable, year-round demand generated by government operations, two major universities, collegiate athletics, and a growing arts and dining district immediately at their doorstep.
The Hotels are located within one mile of both Florida State University (FSU) and Florida A&M University (FAMU). The Hotels also offer walkable access to Railroad Square Art Park, the All Saints District, Cascades Park, and the Donald L. Tucker Civic Center, and sit approximately one mile from the Florida State Capitol.
Tallahassee's economy remains anchored by a large public-sector employment base, ongoing university expansion, and its role as a hub for legislative sessions and collegiate athletics, supporting steady population and demand growth. With direct access to Interstate 10 and roughly a 10-minute drive to Tallahassee International Airport, the Hotels are positioned to capture a diversified mix of university, government, group, and transient demand.
| Hotel | Hyatt House Tallahassee Capitol – University |
| Address | 1100 Railroad Avenue, Tallahassee, FL 32310 |
| Rooms | 120 |
| Floors | 5 |
| Year Built | 2021 |
| Land Area | 1.17 Acres |
| F&B Outlets |
|
| Meeting Space | 2,068 SF |
| Amenities |
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| Parking | Self-Parking $25.00 / Day |
| Interest | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
| Hotel | Hampton Inn & Suites Tallahassee Capitol - University |
| Address | 824 Railroad Avenue, Tallahassee, FL 32310 |
| Rooms | 124 |
| Floors | 6 |
| Year Built | 2018 |
| Land Area | 1.97 Acres |
| F&B Outlets | Complimentary Breakfast |
| Meeting Space | 832 SF |
| Amenities |
|
| Parking | Self-Parking $25.00 / Day |
| Interest | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
Investment Highlights
PRIME LOCATION IN WALKING DISTANCE TO FSU, FAMU, AND DOWNTOWN
Positioned directly on Railroad Avenue in the heart of Tallahassee's Railroad Square Arts District, the Hotels place guests within easy walking distance of FSU, FAMU, and the Florida State Capitol. Collectively, the two universities enroll more than 55,000 students and employ nearly 20,000 faculty and staff, while FSU football attracts crowds exceeding 70,000 attendees per home game, generating significant weekend demand during the fall season.
The Hotels offer walking-distance access to Railroad Square Art Park's galleries and studios and the revitalized All Saints District, placing guests directly within Tallahassee's arts and dining hub. The surrounding area also features a diverse concentration of entertainment destinations along the Gaines Street corridor. Cascades Park, located just blocks from the Hotels, regularly hosts concerts, festivals, and public events, and 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, drawing over 500,000 visitors annually.
Tallahassee also offers a robust cultural and recreational environment, anchored by attractions such as the Museum of Florida History and the Florida Historic Capitol Museum. In addition, visitors benefit from access to over 700 miles of hiking, biking, and paddling trails throughout the region.
RECENTLY BUILT ASSETS
Both Hotels were constructed within the last decade, with the Hampton Inn & Suites delivered in 2018 and the Hyatt House built in 2021. As newer, purpose-built assets, both properties offer contemporary room product, current design and finishes, and building systems well within their useful life. As a result, both Hotels carry minimal deferred maintenance, positioning a new owner to step into a well-maintained property in strong physical condition.
Hyatt House Tallahassee Capitol - University
Hampton Inn & Suites Tallahassee Capitol - University
STRONG, STABILIZED PERFORMANCE
Both Hotels have consistently outperformed their competitive sets, with RevPAR Index levels above 119% at the Hyatt House and above 145% at the Hampton Inn & Suites across the past four years. The Hampton Inn & Suites has ranked #1 in RevPAR within its competitive set every year since 2022. Average daily rate is up 7% from 2023 to $184 on a trailing-twelve-month basis, with the hotel generating $6.8 million in total revenue and $2.7 million in NOI over that period at a 40% margin. The Hyatt House ranked #1 in RevPAR in 2023 and #2 in each year since. NOI grew 15% from 2024 to 2025, and average daily rate is up 8% since 2024 to $181 on a trailing-twelve-month basis, with the hotel generating $6.5 million in total revenue and $2.4 million in NOI over that period at a 38% margin.
CLEAN INVESTMENT OPPORTUNITY WITH MAXIMUM FLEXIBILITY
The Properties are 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 Hotels.
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 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. 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. Beyond this public-sector foundation, Tallahassee has seen an expanding base of private-sector employers in healthcare, technology, and professional services, adding further diversity and resilience to the local economy.