12282 Emerald Coast Pkwy West - Hospitality FOR SALE


Miramar Beach, FL 32550
$7,500,000 USD
561-699-1513
12282 Emerald Coast Pkwy West, Miramar Beach, FL for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

12282 Emerald Coast Pkwy West
Miramar Beach, FL 32550


HIGHLIGHTS

  • Located directly off Emerald Coast Parkway and within walking distance to the ocean, it benefits from high visibility and premier beach access.
  • The hotel includes interior corridors, a new fitness center, and a layout designed for limited-service efficiency.
  • Seller financing is available, offering potential buyers additional flexibility in structuring a deal.
  • The property sits in a high-barrier-to-entry market where few hotel assets are currently available, increasing its investment value.
  • This offering presents a rare opportunity to acquire a strong national brand with upside potential through strategic hands-on management and marketing

OVERVIEW

Cushman & Wakefield’s Hotel Group has been retained to offer for sale the fee simple interest in the 71-room Comfort Inn located in Miramar Beach, Florida - one of Florida’s premier coastal cities along the Gulf of Mexico. The property is a recently built, three-story, limited-service hotel that is conveniently located within close proximity to a variety of demand generators that include Miramar Beach, Silver Sands Premium Outlets, Henderson Beach State Park, and Destin Executive Airport, among others. The property also presents the opportunity to take control of an exceptional brand and scale up operations to competitive set standards through focused, hands-on management and marketing. The Comfort Inn Miramar Beach offers investors the opportunity to acquire a recently built and up-to-date property in a highly desirable and growing market at a below replacement cost price. - 2021-Built - Interior-Corridor - Seller Financing Available - Contact Broker For Additional Details - Owner Recently Removed Existing Manager’s Suite And Increased Amenity Options By Constructing A Fitness Center - Newest Hotel In Its Competitive Set - Comfort Inn By Choice Is A Highly Desirable Flag By Both Investors And Consumers Alike - Strong Brand Recognition - High Barrier-To-Entry Market - Extensive Timelines To Construct New Hotels In The Destin - Fort Walton Beach - Miramar Beach Are - Lack Of Available Hotel Properties On-Market In The Florida Panhandle Leisure Towns - Opportunity To Increase RevPAR To Competitive Set Standards And Exceed Performance Of Competition Through Strong Hands-On Management And Increased Marketing - Within Walking Distance To The Ocean - Located Directly Off Of Emerald Coast Parkway - The Intersection Of Emerald Coast Parkway Closest To The Property Has Average Annual Daily Traffic (AADT) Count Of Over 51,000 Cars

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$250 USD /SF

# OF ROOMS

71

PRICE/ROOM

$105,634 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn Miramar Beach-Destin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2021

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

HWY 98

APN/PARCEL ID

29-2S-21-42000-011-0018

ASK ABOUT THIS PROPERTY

Jesse LastofskyCushman & WakefieldMore Info
561-699-1513

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Jesse LastofskyCushman & WakefieldMore Info
561-699-1513

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