Garner Hotel by IHG - Florida Space Coast
62- Room Hotel Currently Under Construction, Expected to C/O by December 2026
Marketing description
Please contact Listing Agent for more Information:
Gabriel Shamay
954-895-6727
- 62-room, concrete-block, three-story box is scheduled to c/o before the end of the year and is currently in contract with IHG to open as a Garner Hotel by IHG (the first new construction Garner in the country).
- Backed by the Garner flag and IHG reservation system, offering brand recognition, global distribution channels, and loyalty program access to drive occupancy and RevPAR performance.
- The property is also approved to go Best Western Plus, La Quinta Inn and Country Inn & Suites. Based on a buyer’s existing franchise relationships, there is a possibility the property can also be converted to Spark by Hilton or City Express by Marriott.
- Opportunity to acquire a new construction hotel for under $150k/room.
- We are being told by most developers that starting a new hotel development today will likely cost over $180k/room – particularly with rising costs of construction (materials/labor) and increasing lag times for new development (estimated at 18 – 24 months to c/o a new project). Accordingly, a buyer has a unique opportunity to hit the ground running with this property and ramp up operations from day-one.
- Purpose-built hotel featuring modern design, contemporary guest amenities, and minimal near-term capital expenditure requirements.
- New-build status significantly reduces deferred maintenance and major replacement expenditures relative to older competitive assets.
- Excellent owner-operator acquisition opportunity.
- Ideal first-time hotel buyer opportunity.
- Mims and the greater Titusville area are benefiting from strong economic expansion tied to aerospace, defense, and tourism, supporting long-term hotel demand growth.
- Ideally positioned to accommodate travelers visiting Orlando, Daytona Beach, Cocoa Beach, and the Space Coast.
- Positioned near key demand generators including Kennedy Space Center, Port Canaveral, and major highways, driving consistent year-round visitation from both leisure and business travelers.
- Ability to capture multiple segments including government, aerospace contractors, cruise passengers, tourists, and regional drive-to travelers.
- Located directly off of Interstate-95, providing ease of access and displaying excellent signage to commuters.
- Exceptional accessibility and exposure along one of the East Coast’s most heavily traveled corridors, capturing transient and drive-to demand.
Investment highlights
*Aerial Images/Drone Shots Advertised are as of June 2026*
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 62-room Garner Hotel by IHG, located in Mims, Florida. Strategically positioned to capitalize on the rapid growth of Florida’s Space Coast, the Garner Hotel Mims construction site represents a compelling investment opportunity within an emerging hospitality corridor. Located near key demand drivers including Kennedy Space Center, Port Canaveral, and major transportation routes, this premium limited-service hotel project is designed to capture both leisure and business travelers seeking modern, efficient accommodations. Benefiting from excellent highway visibility, modern construction, and the operational advantages of a globally recognized hotel platform, the hotel is well-positioned to capture both regional and interstate traveler demand. As one of the newest lodging options in the market, the property offers investors and operators the rare opportunity to acquire a premium, low-maintenance asset. The Garner Hotel by IHG Mims offers investors the opportunity to acquire a 62-room property with significant long-term growth potential in one of Florida’s most dynamic and fast growing economic corridors.
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