Florida's Turnpike Facilities Expansion
Project details
Project: Florida's Turnpike Plazas - Hotel Feasibility Consultant and Financial Advisor
Services: Development planning, hotel feasibility assessments, lease and fee valuation, facility design recommendations, lease-concession terms, and facilitation of developer solicitations.
Features: Florida's Turnpike, designated as unsigned State Road 91 (SR 91), is a toll road in Florida spanning approximately 309 miles along a northwest–southeast axis, in two sections. Eight service plazas are located along the turnpike, spaced about 45 miles apart, offering fuel services, rest rooms, food and beverage outlets, covenience store offerings, and a variety of other facilities.
Assignment Profile
REH advised Florida’s Turnpike on facilities expansion plans including a comprehensive evaluation and feasibility assessment for hotel, motel and conference center development on excess lands surrounding primary service plazas along Florida’s Turnpike. Services included master plan support, sizing and density analysis, market and financial feasibility analysis, lease and fee valuation, facility design recommendations, lease-concession terms, and facilitation of developer solicitations.