151 Cracker Barrel Dr, Crestview, FL 32536

OFFERING OVERVIEW:

DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Best Western Crestview, a 55-room, fully renovated, turnkey interior-corridor hotel located directly off Interstate 10 in the Florida Panhandle. The property benefits from excellent visibility, consistent traveler traffic, and proximity to major demand generators in the Crestview–Fort Walton Beach–Destin MSA.

PROPERTY OVERVIEW:

The subject property remains in good condition, supported by recent renovations and an ongoing capital improvement plan. The property was recently closed in February 2025 and reopened in May 2025, fully re-branded and modernized and presenting as a turnkey investment. A change-of-ownership Property Improvement Plan (PIP) is estimated to cost approximately $20,000+/-, though this figure is only a preliminary estimate. *The actual PIP requirements must be verified directly with Best Western Hotels, as they are determined solely at the franchisor’s discretion and may vary in both scope and cost. This includes, without limitation, any franchisor requirements related to a change of ownership. The Recipient is solely responsible for independently verifying all such matters.

MARKET OVERVIEW:

Crestview, located in Okaloosa County, serves as the county seat and is part of the Crestview–Fort Walton Beach–Destin Metropolitan Statistical Area in Florida’s Panhandle. Strategically situated along Interstate 10 and State Road 85, Crestview functions as a major travel corridor connecting the Gulf Coast to inland Florida and neighboring states.

Known as the “Hub City” for its central location, Crestview benefits from sustained population growth, a young and expanding workforce, and strong economic ties to the region’s military presence. The nearby Eglin Air Force Base, Duke Field, and Hurlburt Field generate consistent year-round lodging demand, further supported by interstate traffic, corporate travel, and spillover from coastal tourism in Destin and Fort Walton Beach.

With a population approaching 30,000 and average household incomes exceeding $69,000, Crestview’s hospitality market is well-positioned to serve a balanced mix of military, transient, and extended-stay guests—creating a stable environment for sustained hotel performance and investment returns.