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17701 Panama City Beach Pky
Panama City Beach, FL 32413
Comfort Inn & Suites Panama City Beach · Hospitality Property For Sale
·
84 Rooms
INVESTMENT HIGHLIGHTS
- Destination Market with Barrier to Entry
- Option to Re-flag to Marriott or IHG Brands
- Recently Built - New Hotel
- Beach Resort Location
EXECUTIVE SUMMARY
The Offering
AHG Brokerage is proud to present an exclusive opportunity to purchase a recently built 84 rooms Comfort Inn & Suites located in Panama City Beach. This is one of Choice Hotels’ premier upper-mid-scale brands. The hotel sits on 2.3 acres and is a 4-story building. The construction on this was all steel and concrete with all current hurricane standards. Sellers are motivated.
Location
The property is located right off Panama City Beach Parkway, close to the ocean and within walking distance to the beach. The hotel is also within walking distance of plenty of seafood and BBQ restaurants plus familiar fast-food places.
Close to all the attractions like Dave & Buster’s, Frank Brown Park, Pier Park, Gulf World Marine Park, Ripley’s Museum and Shipwreck Island Waterpark. The 30A Beaches are also a short drive from the property.
Panama City Beach, named the top 3 beaches in the United States by TripAdvisor, has 27-miles of beautiful beaches.
The Opportunity
This presents an excellent opportunity for a buyer or investor group to purchase a well-built, newer property, that is in a barrier to entry market and already operating.
A new owner can acquire this without going through the typical headaches of permitting, building and construction process, and avoid the longer timeline from investing at the beginning of the project and seeing the fruits of it almost 3 years later.
This property is for an investor group that is looking for a steady return on investment, that is secured with an asset that is also going to appreciate over time.
Property Highlights
· Upper Mid-Scale Brand - 84 Keys - Interior Corridor
· Close to Beaches -Recently Built - 4 Story Building
· Conversion to IHG -Holiday Inn Express Flag or Marriott - Fairfield Inn possible.
· Barrier to entry market - Prime Location
· Total Land area is 2.3 acres - with land values @ $1MM per acre.
· Projected to be at 8%+ CAP once stabilized.
AHG Brokerage is proud to present an exclusive opportunity to purchase a recently built 84 rooms Comfort Inn & Suites located in Panama City Beach. This is one of Choice Hotels’ premier upper-mid-scale brands. The hotel sits on 2.3 acres and is a 4-story building. The construction on this was all steel and concrete with all current hurricane standards. Sellers are motivated.
Location
The property is located right off Panama City Beach Parkway, close to the ocean and within walking distance to the beach. The hotel is also within walking distance of plenty of seafood and BBQ restaurants plus familiar fast-food places.
Close to all the attractions like Dave & Buster’s, Frank Brown Park, Pier Park, Gulf World Marine Park, Ripley’s Museum and Shipwreck Island Waterpark. The 30A Beaches are also a short drive from the property.
Panama City Beach, named the top 3 beaches in the United States by TripAdvisor, has 27-miles of beautiful beaches.
The Opportunity
This presents an excellent opportunity for a buyer or investor group to purchase a well-built, newer property, that is in a barrier to entry market and already operating.
A new owner can acquire this without going through the typical headaches of permitting, building and construction process, and avoid the longer timeline from investing at the beginning of the project and seeing the fruits of it almost 3 years later.
This property is for an investor group that is looking for a steady return on investment, that is secured with an asset that is also going to appreciate over time.
Property Highlights
· Upper Mid-Scale Brand - 84 Keys - Interior Corridor
· Close to Beaches -Recently Built - 4 Story Building
· Conversion to IHG -Holiday Inn Express Flag or Marriott - Fairfield Inn possible.
· Barrier to entry market - Prime Location
· Total Land area is 2.3 acres - with land values @ $1MM per acre.
· Projected to be at 8%+ CAP once stabilized.
PROPERTY FACTS
AMENITIES
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $329.56 CAD | - |
| Guest Room | 82 | $281.30 CAD | - |
PROPERTY TAXES
| Parcel Number | 38320-005-020 | Improvements Assessment | $5,210,790 CAD |
| Land Assessment | $1,767,698 CAD | Total Assessment | $6,978,488 CAD |
PROPERTY TAXES
Parcel Number
38320-005-020
Land Assessment
$1,767,698 CAD
Improvements Assessment
$5,210,790 CAD
Total Assessment
$6,978,488 CAD
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