Hodges Ward Elliott (“HWE”) has been exclusively retained to offer for sale the Ramada Venice Hotel Venezia (the “Hotel” or “Property”), a 146-key full-service hotel featuring over 10,500 square feet of flexible meeting and event space in the heart of Venice, Florida. Positioned on 5.6 acres along U.S. Highway 41, the Property offers excellent visibility and convenient access to Interstate 75 and Sarasota–Bradenton International Airport (SRQ). Just two miles from Venice’s acclaimed Gulf beaches, the Hotel is ideally situated to capture demand from historic downtown Venice and South Sarasota’s leisure, healthcare, and corporate sectors.
| Address | |
| Keys | 146 |
| Year Opened | 1975 |
| Year Renovated | 2019 |
| Event Space | 10,500 SF |
| Food & Beverage | Wave Grille |
| Amenities |
|
| Site Area | 5.64 AC |
| Parking | Complimentary Self-Service Parking |
| Management | Unencumbered |
| Brand | Ramada by Wyndham |
| Interest | Fee-Simple |
| Labor | Non-Union |
Investment Highlights
Premier Gulf Coast Location with Robust Leisure Demand
The Ramada Venice Hotel Venezia benefits from a highly visible and accessible location along U.S. Highway 41, just two miles from Venice’s acclaimed Gulf beaches and less than ten minutes from Interstate 75. Venice, known as the “Shark Tooth Capital of the World,” attracts visitors year-round with its pristine beaches, historic MainStreet, vibrant arts community, and numerous golf courses. The Hotel is eight minutes north of Venice Municipal Airport and only 35 minutes from Sarasota–Bradenton International Airport (SRQ), which accommodated over four million passengers in 2024, a 116% increase compared to record setting 2019. The broader Sarasota region further enhances the area’s appeal, offering renowned cultural institutions, outdoor recreation, and major sporting events such as the Atlanta Braves’ Spring Training at CoolToday Park, located 20 minutes from the Property.
Exclusive Full-Service Offering with Extensive Meeting Space
With over 10,500 square feet of flexible meeting and event space across eight rooms, the Ramada Venice Hotel Venezia stands as the only full-service lodging option within a 15-mile radius. The Property’s flexible facilities can accommodate up to 1,050 guests for conferences or 850 guests for banquets, making it an attractive venue for corporate meetings, weddings, and social gatherings, capturing regional demand that has limited alternatives in the surrounding market.
Strong In-place Cash Flow
The Hotel has strong trailing twelve cash flow translating to immediate yield and coverage on day one. The Hotel will benefit from a refreshing renovation allowing it to drive ADR on pace with the market. Given the Hotel’s current cash flow, the Property is financeable on day one.
No New Full-Service Supply Underway
The Sarasota/Beaches submarket has no full-service hotels with comparable meeting space under construction. With over 10,500 square feet of flexible event space, the Ramada Venice Hotel Venezia remains uniquely positioned in the market. While two select-service hotels are planned nearly 18 miles north in Sarasota, neither offers comparable facilities nor directly competes with the Property.
Optimal Offering – Fee Simple, Unencumbered by Management
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.