14060 Emerald Coast Pkwy - Hospitality FOR SALE


Destin, FL 32541
$25,000,000 USD
954-245-3449
14060 Emerald Coast Pkwy, Destin, FL for Sale
$25,000,000 USD
Hospitality - FOR SALE
1/47
null | Request Cap Rate

14060 Emerald Coast Pkwy
Destin, FL 32541


HIGHLIGHTS

  • 2016-built, interior-corridor, Hilton branded hotel.
  • Block and poured concrete construction.
  • Within walking distance to the beaches and coastline of Destin.
  • Offered for $25,000,000 ($223,214/room) - a significant discount to replacement cost.
  • Highly efficient operating model generating strong in-place cash flow with upside potential.
  • Ability to capitalize on peak seasonal demand while maintaining strong base occupancy.

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 112-room Home2 Suites by Hilton, located in Destin, Florida - one of Florida’s most sought-after coastal markets. The property is a four-story, block and poured concrete construction, select-service, extended-stay hotel strategically located in the heart of Destin, benefiting from strong year-round demand driven by leisure tourism, beach travel, military and corporate visitation, and longer-term project stays. Featuring a modern, all-suite design tailored to extended stay guests, the asset offers operational efficiencies, strong margins, and the ability to capitalize on Destin’s high average daily rates and continued market growth. The Home2 Suites by Hilton Destin offers investors the opportunity to acquire a turnkey, 112-room property in a highly established and growing market that benefits from consistent year-round demand driven by world-class beaches, robust tourism, and a diverse mix of leisure and group travelers.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$359 USD /SF

# OF ROOMS

112

PRICE/ROOM

$223,214 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Home2 Suites by Hilton Destin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

102

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

Commercial

APN/PARCEL ID

00-2S-22-2860-0000-00B0

ASK ABOUT THIS PROPERTY

David GreenbergCushman & WakefieldMore Info
954-245-3449

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David GreenbergCushman & WakefieldMore Info
954-245-3449

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