7750 Davis Hwy - Hospitality FOR SALE


Pensacola, FL 32514- Ferry Pass
$5,500,000 USD
561-227-2676
7750 Davis Hwy, Pensacola, FL for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

7750 Davis Hwy
Pensacola, FL 32514
Ferry Pass


HIGHLIGHTS

  • Absentee-owned and managed - opportunity for a hands-on owner to increase overall operations.
  • Choice Hotels will provide $650,000 in key money ($5,000/room) for the property’s conversion to a Quality Inn.
  • Over $888,000 in renovations have been completed since 2021.
  • Located directly off of North Davis Highway, a main thoroughfare of Pensacola that provides ease of access and displays excellent signage to commuters
  • Ideally situated within close proximity to Interstate-10, providing ease of access and displaying excellent signage to commuters.
  • The section of North Davis Highway closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 67,000 vehicles per day.

OVERVIEW

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 also presents the opportunity to either continue operating as a La Quinta, or reposition/convert the hotel to a Quality Inn or Travelodge. 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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$108 USD /SF

# OF ROOMS

130

PRICE/ROOM

$42,308 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham Pensacola

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1985

PARKING SPACES

99

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

BAN

APN/PARCEL ID

18-1S-30-5201-004-015

ASK ABOUT THIS PROPERTY

Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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