Basics
- Date added: Added 4 months ago
- Category: Hotel
- Type: Limited Service
- Status: For Sale
- Guestrooms: 87
- Floors: 4
- Lot size, sq ft: 259182 sq ft
- Year built: 2019
- Price Per Key: $172,413
- NOI: 1262496
- Occupancy: 70.85
- Broker: Hotel Brokers of America
- Agent: Corina Palekar
- Agent Phone: 661-808-4998
- Agent Email: Deals@hbofamerica.com
- Website:: https://hotelbrokersinc.com/
Description
-
Description:
Thank you for your interest in the Fairfield Inn & Suites located in Pensacola Florida, a renowned tourist destination, drawing visitors with its beautiful beaches, historic sites, and vibrant culture. The city attracts a steady stream of tourists throughout the year. Amongst tourists Pensacola has one of the largest Naval bases in the world. In recent years Pensacola has experienced massive economic growth proving favorable to hotel owners in the area.
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.
LOAN & FINANCING:
SBA 504 and Conventional financing available. Please contact your broker for additional details.Investment Highlights
FAIRFIELD INN & SUITES BY MARRIOTT
WEST I-10 PENSACOLA, FL- Asking Price $15,000,000
- 2019 Built
- Located Off Interstate 10
- Strong ADR Market
- Upside Under New Management