890 Palm Bay Rd NE, Melbourne, FL 32904

OFFERING OVERVIEW:

DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn by Choice Hotels Palm Bay-Melbourne, Florida, a 67-room interior corridor hotel located directly off of Interstate 95 (72,500 AADT). The subject property is approximately 10 miles from Melbourne Beach and is rated the #2 hotel in Palm Bay per TripAdvisor. The property is a consistent recipient of the Choice Gold Award (2017, 2018, 2019, 2020, 2021, 2022) – which recognizes properties that demonstrate a high level of guest satisfaction within their brand. The Quality Inn Palm Bay is also a recipient of the “TripAdvisor Traveler’s Choice” Award 2021, 2022, 2023 - which honors hospitality businesses that consistently earn great reviews from travelers and are ranked within the top 10% of properties featured on TripAdvisor. This offering presents a unique opportunity to acquire a high-performing hotel asset within the desirable Palm Bay/Melbourne market. Hotel’s guest types include leisure and business travelers, travelers on I-95, healthcare professionals, travel nurses, construction workers, snow birds, Stick Marsh Fishing Guests, Florida Institute Technology students and their families, Daytona 500 Race fans, etc. Group business includes sports teams, conventions, family reunions, and wedding groups.

PROPERTY OVERVIEW:

The subject property remains in excellent condition due to an ongoing capital improvement plan and recent renovations completed. It is estimated that the change of ownership PIP would be approximately $50,000+/-; however, that is only an estimate and would need to be verified by Choice Hotels via the change of ownership PIP. Recent owners have spent approximately $300,000+/- in renovations. *The actual PIP requirements must be verified directly with Choice 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.

UPSIDE POTENTIAL:

The Quality Inn by Choice Hotels is situated directly off I-95 with significant upside potential remaining for a new owner through hands on operation, reducing operational expenses, current upward trend in revenue, and enhancing guest experiences to improve the bottom-line. The current owner is an absentee owner. The property is ideally positioned directly off I-95 in a high-growth corridor between Orlando and Miami, near major employers such as L3 Harris Technologies and Embraer. The area benefits from a mix of corporate and leisure demand, with nearby attractions like the Turkey Creek Sanctuary and the scenic Space Coast drawing visitors year-round. The property also enjoys convenient access to Melbourne-Orlando International Airport (MLB), located just over 5 miles from the subject property, which serviced nearly 750,000 passengers in 2023, marking one of its strongest years on record. This strategic location supports strong and diversified lodging demand, appealing to both business and leisure travelers.

Historical Revenues:

2018 - $1,876,179

2019 - $1,945,798

2020 (Covid year) - $1,426,297

2021 - $1,707,937

2022 - $1,833,867

2023 - $1,783,271

2024 - $1,779,373