8619 Navarre Pkwy, Navarre, FL 32566

(NEW completed) Marriott Hotel Florida on the water OCEAN.

Contact me. Steel Ginsberg Cell: 561-900-5006 Direct

Attachments

email: [email protected]

1. Executive Summary

Contact me. Steel Ginsberg Cell: 561-900-5006 Direct

email: realestatescott@att.net

8619 Navarre Parkway, Navarre, FL 32566

The newly constructed Residence Inn by Marriott - FL is a 105 room, extended-stay asset located on the water, benefiting from strong brand affiliation and robust market fundamentals. The property’s performance and value have continued to improve post-pandemic, as evidenced by recent market data and comp sales. 4.5 acres also available.

2. Property Overview

Attribute

Details

Address

NDA required - email to: [email protected]

Brand

Residence Inn by Marriott

Room Count

100+

Year Built

2024

Stories

4

Site Area

2.01 acres

Plus (see#11.)

Gross Building Area

87,040 SF

Parking Spaces

100+

Amenities

Lobby bar, breakfast, business center, fitness, pool, laundry, kitchenettes, WiFi

Construction Type

I-A

Owner

Yes

Opening Date

November 2025

3. Market Performance – Kalibri Labs (TTM Feb 2025)

Metric

Value (TTM Feb 2025)

Hotel-Collected Revenue

$57,797,287

RevPAR

$170.27

ADR

$218.16

Occupancy

78.05%

COPE %

92.68%

Observations:

• RevPAR and ADR remain robust and above pre-COVID levels.

• Occupancy rates are strong, reflecting high demand for extended-stay product in the Florida Panhandle.

• Revenue performance for the comp set supports premium pricing for new assets.

4. Rate Category & Booking Channel Analysis

• Wholesale Commissions: 2.21%

• Retail Commissions: 2.18%

• Loyalty Investment: 2.40%

• Channel Costs: 0.52%

Implication:
Booking costs are in line with Marriott system averages, supporting stable NOI margins.

5. Investment Highlights

• Brand Power: Marriott’s extended-stay segment is a market leader.

• Location: Direct access to US-98

• Market Strength: Strong leisure and corporate demand, limited new supply.

• Upside: Recent ADR and RevPAR growth, high occupancy, and stabilized channel costs.

6. Comparable Properties (Online Links)

Recent Comps (2023–2025):

7. Valuation Analysis

A. Direct Income Approach

TTM Revenue (Feb 2025): $57,797,287 (comp set)
Average Room Count (comp set): ~120 rooms
Implied Revenue per Room:

Subject’s Potential Revenue (100+ rooms):
(Note: This is comp set revenue; subject’s pro forma likely lower due to ramp-up. Use stabilized market metrics for valuation.)

B. Stabilized Value Calculation

Stabilized RevPAR: $170.27
Stabilized ADR: $218.16
Stabilized Occupancy: 78.05%

Stabilized Gross Room Revenue:

Estimated NOI (assume 37% margin):

Value at 8% Cap Rate:

C. Market Appreciation Adjustment

Given strong market momentum and comp sales, a premium is warranted:

• Comparable sale average (2023): $300,000–$325,000/room

• Subject Value (105 rooms @ $325,000/room):
  

Recommended BPO Value (October 2025)
$34,100,000 (rounded, $325,000/room)

8. Summary Table

Valuation Method

Value

Income Approach

$30,044,000

Market Comp Approach

$34,125,000

Recommended BPO

$34,125,000 - $36,250,000

9. Photos & Maps

Yes

10. Contact Information

Steel Ginsberg 561-900-5006

___________________________________________________________________________

11. Available for development, next to this hotel is an extra 5+ Acres to build 2 more hotels for another 200 rooms.

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Scott "Steel" Ginsberg

Cell (561)-900-5006

Commercial Real Estate Agent

Partnership Realty

realestatescott@att.net

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