Franklin Inn Carrabelle
Renovated 30 Room Hotel with Manager's Apartment and 14 Rentable Parking Spaces
Marketing description
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 30-room Franklin Inn, located in Carrabelle, Florida. The property is a one-story, limited-service hotel that is strategically positioned along U.S. Highway 98, just minutes from downtown Carrabelle and the Gulf of Mexico. This boutique, roadside property was recently renovated in 2023, reducing the renovation costs expected for new ownership. In addition to the core lodging operation, the Franklin Inn currently generates supplemental income from RV parking rentals—a revenue stream that comes with limited associated expenses. The Franklin Inn - Carrabelle offers investors the opportunity to acquire a recently renovated, 30-room property with a manager’s apartment in a supply-constrained coastal market minutes from the beach.
Investment highlights
Excellent Owner-Operator Opportunity
Property Includes Renovated 2-Bedroom, 1-Bathroom Manger’s Apartment With A Living Room And Full Kitchen
Excellent First-Time Hotel Buyer Opportunity
Independent Hotel - Unencumbered By The Strict Operating Requirements And Annual Fees Associated With Franchising
Property Was Fully Renovated In 2023, Leaving Minimal Renovation Costs Expected For A New Buyer
Multiple Revenue Streams Generated At The Franklin Inn Including:
30 Rentable Hotel Rooms Rented Daily
14 RV Parking Spaces Rented Monthly
Significant Upside Through Improved Marketing, Operational Realignment, And Targeted Amenity Enhancements
Tremendous Visibility And Accessibility From The Highway 98, One Of Carrabelle’s Main Thoroughfares That Travels Through The City And Surrounding Area
Approximately A 3-Minute Walk From Carrabelle Beach, Providing Guests With Easy Access To The Gulf Coast’s Serene Beaches
The Section Of Highway 98 Closest To The Property Has An Average Annual Daily Traffic (AADT) Count Of Approximately 5,800 Vehicles Per Day
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