Best Western Apalach Inn
Hospitality | 44 Keys
Marketing description
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 44-room Best Western Apalach Inn, located in Apalachicola, Florida. The property is a two-story, limited-service, recently renovated hotel that is located directly off of US Highway 98, providing ease of access to commuters along one of Apalachicola’s main thoroughfares. This well-maintained property offers both steady cash flow and long-term growth potential. The Best Western Apalach Inn offers investors the opportunity to acquire a 44-room property in an growing market.
Investment highlights
Property recently underwent renovations, leaving minimal Property Improvement Plan (PIP) costs expected for new ownership.
Tremendous visibility and accessibility from the Shadow Lane & Avenue E, two thoroughfares that travel through the City of Apalachicola.
Property has been outperforming its competitive set with regards to Occupancy and RevPAR for the past three years.
The section of Avenue E closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 13,100 vehicles per day.
Located directly off U.S. Highway 98, a major thoroughfare of northwest Florida.
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