62- Room Hotel Currently Under Construction, Expected to C/O by December 2026 - 62-room, concrete-block, three-story box is scheduled to c/o before the end of the year and is currently in contract with IHG to open as a Garner Hotel by IHG (the first new construction Garner in the country). - Backed by the Garner flag and IHG reservation system, offering brand recognition, global distribution channels, and loyalty program access to drive occupancy and RevPAR performance. - The property is also approved to go Best Western Plus, La Quinta Inn and Country Inn & Suites. Based on a buyer’s existing franchise relationships, there is a possibility the property can also be converted to Spark by Hilton or City Express by Marriott. - Opportunity to acquire a new construction hotel for under $150k/room. - We are being told by most developers that starting a new hotel development today will likely cost over $180k/room – particularly with rising costs of construction (materials/labor) and increasing lag times for new development (estimated at 18 – 24 months to c/o a new project). Accordingly, a buyer has a unique opportunity to hit the ground running with this property and ramp up operations from day-one. - Purpose-built hotel featuring modern design, contemporary guest amenities, and minimal near-term capital expenditure requirements. - New-build status significantly reduces deferred maintenance and major replacement expenditures relative to older competitive assets. - Excellent owner-operator acquisition opportunity. - Ideal first-time hotel buyer opportunity. - Mims and the greater Titusville area are benefiting from strong economic expansion tied to aerospace, defense, and tourism, supporting long-term hotel demand growth. - Ideally positioned to accommodate travelers visiting Orlando, Daytona Beach, Cocoa Beach, and the Space Coast. - Positioned near key demand generators including Kennedy Space Center, Port Canaveral, and major highways, driving consistent year-round visitation from both leisure and business travelers. - Ability to capture multiple segments including government, aerospace contractors, cruise passengers, tourists, and regional drive-to travelers. - Located directly off of Interstate-95, providing ease of access and displaying excellent signage to commuters. - Exceptional accessibility and exposure along one of the East Coast’s most heavily traveled corridors, capturing transient and drive-to demand.