Baymont by Wyndham Fort Walton Beach Florida
480 E Miracle Strip Pkwy, Mary Esther, FL 32569, USABasics
- Date added: Added 1 year ago
- Category: Hotel
- Rent Period: Daily
- Type: Limited Service
- Status: For Sale
- Guestrooms: 51
- Bedrooms: 51
- Total rooms: 50
- Year built: 1996
- Price Per Key: $89,216
- Cap rate: 8.98%
- NOI: $408,393
- Occupancy: 45.36%
- Broker: Hotel Brokers of America
- Agent: Subhash Naik
- Agent Phone: 661-808-4998
- Agent Email: Deals@hbofamerica.com
- Website:: http://hotelbrokersinc.com/
Description
-
Description:
Hotel Brokers of America is thrilled to present an exceptional opportunity to acquire the Baymont Inn and Suites located in the popular destination vacation area of Walton Beach, Florida just outside of Destin. This opportunity is ideal for individuals with a hands-on approach to hotel management, as it offers the chance to make a mark in the hospitality industry. Don't miss out on the chance to own a thriving beachfront property with immense upside potential. Contact Hotel Brokers of America today to seize this exciting investment opportunity and learn more about the Baymont in Walton Beach, Florida
Highlights & Location:
- Property is priced to sell at $4,500,000 | $89,216 per key
- High Barrier to entry Market (Cost of land)
- Strong ADR market $160 per night
- Implementing effective marketing and management strategies could lead to a considerable increase in the hotel's revenue and profitability.
Investment Highlights
The Baymont in Fort Walton Beach, Florida is a highly sought-after destination with multiple market demand generators including:
- The tourism industry is a significant factor driving demand, with visitors attracted to the beautiful beaches, water sports, nature parks, and outdoor activities.
- Eglin Air Force Base and other military installations, creating a consistent demand for lodging from military personnel, families, and contractors.
- The strong economic sector in the area creates a steady stream of business travelers, including industries such as aerospace, defense, technology, and tourism.
- The presence of reputable medical facilities in Walton Beach also contributes to the demand for lodging, with patients seeking medical treatment, families, and healthcare professionals requiring temporary accommodations.
Location
Building Details
- Heating features: PTAC
- Floor covering: Carpet, Concrete, Hard wood, Laminate, Linoleum/vinyl, Slate, Softwood, Tile
- Basement: Unfinished
- Exterior material: Brick, Stone, Wood
- Roof: Asphalt, Built-up, Cement/concrete, Composition, Hurricane Impact Glass, Metal, Porte Co·chère, Shake/Shingle, Shingle, Slate, Stone, Stucco, Tile, Vinyl, Wood, Wood products
- Parking: Carport, On-street, Parking lot