The Days Inn Jacksonville Airport is being offered for sale, fee simple, priced at $6,800,000. The property will be delivered unencumbered by management and debt. The price per key of $60,714 represents a significant discount to replacement cost and is in line with recent sales in the Florida market. Add to this that the property is perfectly positioned for future revenue growth and the deal becomes even more attractive.
Current ownership purchased the property in 2019 as part of a broader repositioning play moving equity from the upper Midwest to Florida. A small renovation has been completed, but the current owner is still performing needed Cap Ex. The Seller entered into a lease purchase structure in 2023 which has been terminated. Seller does not wish to operate the asset again long term. The seller wishes to move up in chain scale and believes now is his time to exit the asset.