Press Releases

October 29, 2009:  National Commercial Auctioneers, LLC (NCA), in partnership with its broker partner, Atlantic Real Estate Services, LLC, is selling at auction a 9 year old, 126 room extended stay hotel that is currently operating as the Stuart Extended Stay on Thursday, December 3, 2009 @ 11:00 AM EST. The hotel operated as a Suburban Extended Stay Hotel by Choice Hotels until October, and a new owner may re-affiliate with that brand or explore alternative franchise affiliations.  Located in Stuart, Florida, the property presents a unique opportunity to the hospitality marketplace since the property is a high quality asset being sold to the highest bidder.

"This property is in an ideal tourist destination," comments Stephen Kaler, Broker and Project Manager for the auction.  "Located on heavily traveled US Route1/ Federal Highway in downtown Stuart, the Stuart Extended Stay is conveniently located just minutes from the Treasure Coast beaches. Approximately half way between Miami and Orlando on Florida's east coast, Stuart Florida is a sought after "Old Florida" vacation destination spot and is widely known as the "Sailfish Capital of the World". 

Room features include well-equipped kitchens with microwaves, refrigerators, coffee makers, cook tops and utensils along with premium cable and Internet access.    There also is an on-site guest laundry facility.  The subject property is located on 2.21+/- acres with 132 parking spaces with a highly visible location.  There are many parks in the area offering picnic pavilions, playgrounds, fishing areas, golf courses and scenic pathways. A number of entertainment venues, retailers and restaurants are also close by. 

"The investment opportunities within the commercial real estate market today will provide substantial returns to those buying hotels properties," reflects Stephen Kaler.   "Commercial real estate properties with a business related component, such as hotels, will provide excellent short-term cash on cash returns and will provide substantial long term returns on investments made today as the economy recovers.  As employment and construction rebounds, extended stay hotels such as the Stuart Extended Stay will see significant increases in daily room rates and occupancy levels."

For inspections times and to receive the Property Information Package, including the available financials and third party reports, please visit natcomauctions.com or call 877-895-7077 to download the Confidentiality and Non-Reliance Agreement.  

About National Commercial Auctioneers, LLC

Based in Tulsa, Oklahoma, National Commercial Auctioneers (NCA) is a national real estate auction firm dedicated to the sale of commercial properties for commercial lenders, bankruptcy trustees, private equity funds, and for public and private companies throughout the United States. NCA has the knowledge and expertise to effectively deliver a market-driven auction for every type of commercial property.