ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%
ORLANDO INDUSTRIAL7.2%+0.4%
MIAMI MULTIFAMILY$3,420+1.2%
TAMPA RETAIL4.8%-0.2%
US-192 CORRIDOR$340/SF+4.1%
30Y FIXED MORTGAGE6.72%-0.08%
FED PROBABILITY (PAUSE)92%+2%

What cap rates are realistic for hotel acquisitions in the I-Drive corridor in 2026?

I-Drive hotel cap rates in 2026 span a 200-basis-point range depending on service level, flag affiliation, occupancy track record, and proximity to Epic Universe. Full-service convention hotels with OCCC adjacency and institutional flags (Marriott, Hilton, Hyatt) trade at 6.0–7.0% cap rates. Upper-upscale and select-service properties with strong RevPAR track records and Epic-adjacent positioning trade at 6.5–7.5%. Limited-service hotels on I-Drive and Universal Boulevard are trading at 7.0–8.0% going-in cap rates. The upper end reflects assets with operational issues or near-term capital needs, the lower end reflects stabilized, well-operated properties with institutional flags. The critical underwriting note: cap rates stated on hotels are typically based on trailing 12-month NOI. In 2026, a hotel's trailing 12 months may include both pre-Epic and post-Epic periods, which means the going-in cap on trailing NOI understates the forward NOI at current market conditions. Always model forward NOI separately from trailing NOI and present both to lenders and equity partners, with the difference explicitly explained.