786-772-0718
117 Palm St, Destin, FL for Sale
Hospitality - FOR SALE
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117 Palm St
Destin, FL 32541


HIGHLIGHTS

  • Prime Coastal Location | Positioned in Destin, Florida, one of the Gulf Coast’s premier leisure markets, directly off U.S. Highway 98.
  • Less Than Half A Mile From The Beach.
  • Owner Operator Scale | The property features 94 guestrooms across three floors on a 2.34-acre site.
  • Demand Drivers | Adjacent to Big Kahuna’s Water & Adventure Park and located near major regional attractions including Henderson Beach State Park.

OVERVIEW

Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the 94-room Wingate by Wyndham located in Destin, Florida. Built in 2004, the property is positioned in one of Florida’s premier Gulf Coast leisure markets and offers investors the opportunity to acquire a well-located hospitality asset in a high-demand coastal destination. The hotel is strategically situated directly off U.S. Highway 98, Destin’s primary east–west corridor, and less than half a mile from the Gulf of Mexico beaches. The property benefits from immediate proximity to major tourism and regional demand generators including Big Kahuna’s Water & Adventure Park, Henderson Beach State Park, the Destin Harbor Boardwalk, and the Emerald Coast Convention Center. Additional demand is generated by nearby military installations including Eglin Air Force Base, one of the largest Air Force bases in the world. The property currently operates below the competitive set, with RevPAR performance approximately 15% below market averages, presenting a clear opportunity for a new owner to enhance operational performance through hands-on management, targeted marketing initiatives, and revenue optimization. This offering represents an opportunity to acquire a well-located hotel in a highly desirable leisure-driven market along Florida’s Emerald Coast.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

94

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wingate By Wyndham Destin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2004

PARKING SPACES

99

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,432 SF

ZONING

C

APN/PARCEL ID

00-2S-22-0000-0013-0230

ASK ABOUT THIS PROPERTY

Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

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Suraj DalalKabani Hotel Group Inc.More Info
786-772-0718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.