Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 130-room La Quinta Inn, located in Pensacola, Florida. The property is a three-story, limited-service hotel that is directly off of North Davis Highway and conveniently located within close proximity Interstate-10, providing ease of access to commuters along Pensacola’s main thoroughfare and expressway. The property presents the opportunity to convert the hotel to a Quality Inn, Travelodge, Howard Johnson, or Ramada. Additionally, with its proximity to Pensacola International Airport, the University of West Florida, major medical facilities, and the area’s renowned beaches, the hotel is strategically located to capture a diverse range demand generators. The La Quinta Inn by Wyndham Pensacola offers investors the opportunity to acquire a 130-room property in an established and growing market with exceptional upside opportunity.
All offers are encouraged. The purchase price will ultimately depend on your plans for the property. If you intend to convert the hotel to another brand, the seller is open to covering the liquidated damages. If you keep the hotel within the Wyndham family, where no liquidated damages apply, there is additional flexibility on the asking price.
Please contact broker for more information: ely.silverstein@cushwake.com