Thank you for your interest in the 63-room Country Inn and Suites by Radisson (now owned by Choice Hotels) The property is located directly off of Interstate 10 in the beautiful city of Pensacola, Florida. We are pleased to share this asset that is extremely profitable “now” and is priced to sell!

THE SCOOP / STORY/ UPSIDE POTENTIAL:

In 2022, the hotel generated revenue exceeding $2.6 million and is projected to achieve approximately $2.5 million this year. Over the past three years, the hotel has consistently maintained an occupancy rate ranging from 70% to 80%, with an average daily rate (ADR) of $136. The property is currently listed for sale at a 11.66% capitalization rate, which represents 3.47 times its revenue.

FRANCHISE / PIP:

This 2009-built hotel will be delivered with zero PIP requirements to the new owner.  A new owner will be able to get a new 20-year term with Choice Hotels. Key money Available. Ask your Broker for details.

MARKET / DEMAND GENERATORS:

• Naval Aviation: Pensacola is often referred to as the "Cradle of Naval Aviation" because it is home to Naval Air Station Pensacola, where the U.S. Navy's Blue Angels flight demonstration team is based. The city has a rich history of aviation training and is home to the National Naval Aviation Museum.
• Beaches: The city boasts beautiful white sandy beaches along the Gulf of Mexico, making it a popular destination for tourists and beach lovers. Pensacola Beach and Perdido Key are among the most well-known beach areas.
• Historic Downtown: Pensacola has a historic downtown area with well-preserved architecture, including the Historic Pensacola Village, which features historic homes and museums. It's known for its charming streets, shops, and restaurants.
• Military Presence: Besides the naval base, Pensacola has a strong military presence, contributing to the local economy and culture.
• Festivals: The city hosts various festivals and events throughout the year, including the Pensacola Seafood Festival and the Pensacola Mardi Gras celebration.
• Culture and History: Pensacola has a rich cultural and historical heritage, including Spanish colonial history. The Historic Pensacola Village and Fort Pickens are popular attractions for history enthusiasts.
• Ecotourism: The nearby Gulf Islands National Seashore offers opportunities for outdoor enthusiasts to explore pristine natural areas and engage in activities such as hiking, birdwatching, and wildlife viewing.

LOAN:

This hotel is currently financed under a CMBS loan which is assumable at a fixed rate of 5%. A new buyer will be required to come in with a down payment of approximately $5,000,000 to assume the loan. We also have conventional loan financing available with approximately 30% down and SBA 504 financing with 20% down. H3O Capital with Hotel Brokers of America will be able to directly connect a new buyer with a direct lender.

PRICING GUIDANCE:

The hotel is priced to sell, offered at $8,600,000. We recommend offers between $8,400,000-$8,500,000.

• Priced to sell at $9,000,000
• Located Directly off I 10 | Great Location!
• Includes Separate 2 Acres of Land
  • EST Value $1,000,000
• Profitable NOW
• Consistent Performance
• 2009 Built with ZERO PIP