Best Western of Crestview 151 Cracker Barrel Dr 55 Pièce Hôtel Crestview, FL 32536 6 221 250 $ CAD (113 114 $ CAD/Pièce) 9,44% Taux de capitalisation

OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Best Western Crestview, a 55-room, fully renovated, turnkey interior-corridor hotel located directly off Interstate 10 in the Florida Panhandle. The property benefits from excellent visibility, consistent traveler traffic, and proximity to major demand generators in the Crestview–Fort Walton Beach–Destin MSA.


PROPERTY OVERVIEW:
The subject property remains in good condition, supported by recent renovations and an ongoing capital improvement plan. The property was recently closed in February 2025 and reopened in May 2025, fully re-branded and modernized and presenting as a turnkey investment. A change-of-ownership Property Improvement Plan (PIP) is estimated to cost approximately $20,000+/-, though this figure is only a preliminary estimate. *The actual PIP requirements must be verified directly with Best Western 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.


MARKET OVERVIEW:
Crestview, located in Okaloosa County, serves as the county seat and is part of the Crestview–Fort Walton Beach–Destin Metropolitan Statistical Area in Florida’s Panhandle. Strategically situated along Interstate 10 and State Road 85, Crestview functions as a major travel corridor connecting the Gulf Coast to inland Florida and neighboring states.
Known as the “Hub City” for its central location, Crestview benefits from sustained population growth, a young and expanding workforce, and strong economic ties to the region’s military presence. The nearby Eglin Air Force Base, Duke Field, and Hurlburt Field generate consistent year-round lodging demand, further supported by interstate traffic, corporate travel, and spillover from coastal tourism in Destin and Fort Walton Beach.
With a population approaching 30,000 and average household incomes exceeding $69,000, Crestview’s hospitality market is well-positioned to serve a balanced mix of military, transient, and extended-stay guests—creating a stable environment for sustained hotel performance and investment returns.

Property Highlights:
Best Western Crestview
55-Rooms | 3 Stories | Interior Corridor
Year Built - 2000
Located in a High Growth Market
Upward Trend in Revenue
Minimal PIP*
$245,000+/- In Recent Renovations
Amenities Include: Outdoor Pool, Fitness Center, Meeting Facilities

Location Highlights:
1.5 Miles from Crestview Commons
9.8 Miles to Emerald Coast Zoo
12 Miles from Timber Creek Distillery
15 Miles from Northwest Florida State College
18 Mile(s) from Destin–Fort Walton Beach Airport
19 Miles from Eglin Airforce Base
25 Miles from Big Kahuna Water Park
25 Miles from Gulfarium Marine Adventure Park
25 Miles from Yellow River Wildlife Management Area

Financial Highlights:
List Price of $4,500,000
Year 1 Projected ADR / RevPAR / OCC: $97.00 ADR / $60.14 RevPAR / 62.00% OCC
Year 1 Projected NOI / Cap Rate: $424,479 NOI / 9.43% Cap