17834 State Highway 285 S - Hospitality FOR SALE


Defuniak Springs, FL 32435 | 
$4,400,000 USD
813-767-9953
17834 State Highway 285 S, Defuniak Springs, FL for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/14
null | 10.18% Cap Rate

17834 State Highway 285 S
Defuniak Springs, FL 32435


HIGHLIGHTS

  • • 58 Rooms | 3 Stories | Interior Corridor
  • • Recipient of the Choice Gold Award 2021-2026
  • • #1 of 9 hotels in DeFuniak Springs as rated by TripAdvisor
  • • T12 July 2026 NOI / Cap Rate: $447,828 NOI / 10.18% Cap Rate
  • • T12 July 2026 Room Revenue / RRM: $1,289,558 Room Revenue / 3.41x RRM
  • • T12 July 2026 ADR / RevPAR / OCC: $89.58 ADR / $60.91 RevPAR / 68.00% OCC

OVERVIEW

OFFERING OVERVIEW: DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Sleep Inn & Suites DeFuniak Springs, a Choice Hotels International-affiliated property located in DeFuniak Springs, Florida. The hotel is strategically positioned directly off Interstate 10 (28,439 AADT), offering excellent visibility and convenient access to U.S. Highway 331, a major north-south transportation corridor connecting the Florida Panhandle with South Alabama. Ideally situated between DeFuniak Springs and Crestview, the property benefits from consistent lodging demand generated by regional business travel, transportation and logistics activity, tourism, and nearby employment centers throughout Northwest Florida. The property benefits from a diverse demand base generated by interstate travelers, commercial activity, regional business travel, tourism, and outdoor recreation. Located approximately 23.3 miles from Destin-Fort Walton Beach Airport, 60 miles from Northwest Florida Beaches International Airport, and within driving distance of Florida’s Emerald Coast, the hotel is well positioned to capture both transient and destination-driven lodging demand. As a nationally recognized Choice Hotels brand, Sleep Inn & Suites offers investors a proven select-service operating platform, strong consumer recognition, and the opportunity for stable cash flow and long-term value appreciation. The property has demonstrated strong guest satisfaction performance, earning the Gold Award recognition through Choice Hotels while maintaining excellent guest review scores across major travel platforms. Additionally, the property is currently recognized as #1 of 9 hotels located in DeFuniak Springs by TripAdvisor. PROPERTY OVERVIEW: The subject property remains in good condition, supported by an ongoing capital improvement plan. *The PIP amount reflected in this Offering Memorandum is included solely as a placeholder for financial modeling and illustrative purposes only and should not be relied upon in evaluating the Property or making any investment or purchase decision. The cost of any Property Improvement Plan (PIP), including requirements related to a change of ownership, are not verified and will be determined solely by hotel franchisor upon issuance of an official PIP. The placeholder amount is not a representation of actual PIP cost and may differ materially from the ultimate franchisor requirements. Actual PIP scope and cost are unknown, and prospective purchasers are solely responsible for independently verifying all franchise and PIP requirements and associated costs directly with the franchisor. All information contained herein is deemed reliable but not guaranteed. DSH Hotel Advisors has not independently inspected the Property and makes no representations or warranties regarding its physical condition or the accuracy or completeness of any financial information, documents, or other materials provided. MARKET OVERVIEW: The Sleep Inn & Suites DeFuniak Springs - Crestview is located in Walton County within Northwest Florida, a region supported by transportation, healthcare, government, manufacturing, tourism, and outdoor recreation demand drivers. DeFuniak Springs serves as the county seat of Walton County and benefits from its strategic location along Interstate 10, one of the Southeast’s primary transportation corridors. Major demand generators include the growing aviation and industrial activity surrounding DeFuniak Springs Municipal Airport, regional healthcare providers, government offices, and commercial employers throughout Walton County. The market also benefits from its proximity to the Emerald Coast tourism region, including Destin, South Walton, Scenic Highway 30A, and the Gulf Coast beaches, which attract millions of visitors annually. Additional demand is generated by the Spirit of the Suwannee Music Park, Chautauqua Vineyards, nearby state parks, natural springs, and year-round outdoor recreation opportunities that continue to draw visitors to Northwest Florida. Property Highlights: • Sleep Inn & Suites DeFuniak Springs, a Choice Hotel • 58 Rooms | 3 Stories | Interior Corridor • Year Built - 2015 • Located in a Growing Northwest Florida Market • Upward Trend in Revenue • Recipient of the Choice Gold Award 2021-2026 • #1 of 9 hotels in DeFuniak Springs as rated by TripAdvisor • Amenities Include: EV Charging Station, Outdoor Pool, Dining Area, Fitness Center, Business Center, Meeting Room Location Highlights: • 6.3 Miles to Emerald Coast Zoo • 11.2 Miles from Timber Creek Distillery • 14 Miles to Downtown Crestview • 15.4 Miles from Lake DeFuniak & DeFuniak Historic District • 16.3 Miles from Chautauqua Vineyards • 23.3 Miles from Destin–Fort Walton Beach Airport • 26.3 Miles from Eglin Air Force Base • 31.5 Miles from Northwest Florida State College • 32.7 Miles from Gulfarium Marine Adventure Park • 60 Miles from Northwest Florida Beaches International Airport (ECP) Financial Highlights: • List Price of $4,400,000 • T12 July 2026 NOI / Cap Rate: $447,828 NOI / 10.18% Cap Rate • T12 July 2026 Room Revenue / RRM: $1,289,558 Room Revenue / 3.41x RRM • T12 July 2026 ADR / RevPAR / OCC: $89.58 ADR / $60.91 RevPAR / 68.00% OCC

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$134 USD /SF

# OF ROOMS

58

PRICE/ROOM

$75,862 {currency}

CAP RATE

10.18%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleep Inn & Suites Defuniak Springs

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2015

PARKING SPACES

58

LAND DETAILS

LAND ACRES

7.78 AC

LAND SF

338,897 SF

ZONING

HI

APN/PARCEL ID

28-3N-21-37000-006-0030

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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