Comfort Inn Miramar Beach
2021-Built | Significantly Below Replacement Cost
Marketing description
Cushman & Wakefield’s Hotel Group has been retained to offer for sale the fee simple interest in the 71-room Comfort Inn located in Miramar Beach, Florida - one of Florida’s premier coastal cities along the Gulf of Mexico. The property is a recently built, three-story, limited-service hotel that is conveniently located within close proximity to a variety of demand generators that include Miramar Beach, Silver Sands Premium Outlets, Henderson Beach State Park, and Destin Executive Airport, among others. The property also presents the opportunity to take control of an exceptional brand and scale up operations to competitive set standards through focused, hands-on management and marketing. The Comfort Inn Miramar Beach offers investors the opportunity to acquire a recently built and up-to-date property in a highly desirable and growing market at a below replacement cost price.
Investment highlights
- 2021-Built
- Interior-Corridor
- Owner Recently Removed Existing Manager’s Suite And Increased Amenity Options By Constructing A Fitness Center
- Newest Hotel In Its Competitive Set
- Comfort Inn By Choice Is A Highly Desirable Flag By Both Investors And Consumers Alike
- Strong Brand Recognition
- High Barrier-To-Entry Market
- Extensive Timelines To Construct New Hotels In The Destin - Fort Walton Beach - Miramar Beach Area
- Lack Of Available Hotel Properties On-Market In The Florida Panhandle Leisure Towns
- Opportunity To Increase RevPAR To Competitive Set Standards And Exceed Performance Of Competition Through Strong Hands-On Management And Increased Marketing
- Within Walking Distance To The Ocean
- Located Directly Off Of Emerald Coast Parkway
- The Intersection Of Emerald Coast Parkway Closest To The Property Has Average Annual Daily Traffic (AADT) Count Of Over 51,000 Cars
- The Property Is Also Located Within Close Proximity To A Variety Of Demand Generators Including, But Not Limited To:
- Ascension Sacred Heart
- Destin Executive Airport
- Harbor Walk Adventures
- Elgin Air Force Base
- Hurlburt Field
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