Econo Lodge Vero Beach 950 US Highway 1 66 Pièce Hôtel Vero Beach, FL 32960 6 598 700 $ CAD (99 980 $ CAD/Pièce) 7,68% Taux de capitalisation

- Excellent owner-operator acquisition opportunity.
- Ideal first-time hotel buyer opportunity.
- Spacious & renovated 2-bedroom Manager's Suite on-site.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Very well-maintained building that is continuously updated by current ownership, leaving very minimal change of ownership PIP expected for a buyer.
- Despite recent slowdown throughout most Florida markets, the hotel boasts proven financials and presents a going-in 7.7% CAP Rate based on 2025 NOI.
- Financial Performance:
- - - 2025: $1,071,830 Total Revenue | $364,956 NOI*
- - - 2024: $1,264,634 Total Revenue | $420,049 NOI*
- - - 2023: $1,094,432 Total Revenue | $411,608 NOI*
- - - *Calculated NOI is Inclusive of 0% Management Fee (Owner/Operator Assumption) and 4% Reserve for Replacements.
- Rebranding potential with interest from Quality Inn, Red Roof, Baymont, and multiple other flags.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Situated in Vero Beach, a growing Florida market known for tourism, beaches, and proximity to major highways, attracting both leisure and business travelers.
- Close to corporate offices, medical facilities, and popular attractions, providing a balanced mix of transient, leisure, and group business.
- Located directly along US Highway 1 and within close proximity to 20th Street, 17th Street, and Jimmy Buffet Memorial Highway, providing ease of access and displaying excellent signage to commuters along some of Vero Beach's main thoroughfares.
- The section of US Highway 1 closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 30,500 vehicles per day.
- Vero Beach and the Treasure Coast continue to see population growth, expanding residential development, and rising commercial activity— supporting long-term lodging demand.