Home2 Suites by Hilton Destin
About This Property for Sale
Marketing description
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 112-room Home2 Suites by Hilton, located in Destin, Florida - one of Florida’s most sought‑after coastal markets. The property is a four-story, block and poured concrete construction, select-service, extended-stay hotel strategically located in the heart of Destin, benefiting from strong year‑round demand driven by leisure tourism, beach travel, military and corporate visitation, and longer‑term project stays. Featuring a modern, all-suite design tailored to extended stay guests, the asset offers operational efficiencies, strong margins, and the ability to capitalize on Destin’s high average daily rates and continued market growth. The Home2 Suites by Hilton Destin offers investors the opportunity to acquire a turnkey, 112-room property in a highly established and growing market that benefits from consistent year-round demand driven by world-class beaches, robust tourism, and a diverse mix of leisure and group travelers.
Investment highlights
- 2016-built, interior-corridor, Hilton branded hotel.
- Block and poured concrete construction.
- Within walking distance to the beaches and coastline of Destin.
- In 2024, owners completed approximately $1,700,000 of renovations, minimizing near‑term capital expenditure requirements - this PIP started October 2023 and was completed April 2024.
- Highly efficient operating model generating strong in-place cash flow with upside potential.
- Ability to capitalize on peak seasonal demand while maintaining strong base occupancy.
- Home2 Suites by Hilton is a highly desirable flag by both investors and consumers alike.
- Prime location in the heart of Destin, one of the most visited destinations along Florida’s Emerald Coast with one of the strongest and most resilient leisure and drive‑to tourism markets in the Southeast.
- Consistent year‑round demand supported by beach tourism, military travel, corporate relocations, healthcare, and long‑term project stays.
- High barriers to entry due to limited coastal land availability and increasingly restrictive development approvals.
- Ideally positioned directly off of Emerald Coast Parkway, providing ease of access and displaying excellent signage to commuters.
- The section of Emerald Coast Parkway closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 55,300 vehicles per day.
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