Crestview Hospitality for Sale
OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the newly renovated Quality Inn Crestview, a 56 room, exterior corridor hotel located directly on South Ferdon Boulevard, offering exceptional visibility and access to Interstate 10 in the heart of Florida’s Panhandle. The hotel includes a 3-Bedroom Manager’s Apartment with direct access to the front desk.
PROPERTY OVERVIEW:
The property was recently closed in November 2024 and reopened in May 2025, during which time a complete interior and exterior renovation was completed, including updated guest rooms, new flooring and FF&E, refreshed common areas, upgraded signage, and modernized breakfast and lobby spaces. As a turn-key Quality Inn by Choice Hotels, the asset is positioned for an investor or owner operator seeking a stabilized, branded property with significant upside in an expanding regional market. A change-of-ownership Property Improvement Plan (PIP) is estimated to cost approximately $25,000+/-, though this figure is only a preliminary estimate. *The actual PIP requirements must be verified directly with Choice 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:
Located in Florida’s Panhandle, Crestview serves as the county seat of Okaloosa County and anchors the northern portion of the Crestview–Fort Walton Beach–Destin metropolitan area. The city occupies a prime position at the junction of Interstate 10 and State Road 85, providing excellent connectivity between the Gulf Coast, Central Florida, and neighboring states. Crestview’s strategic location has earned it the nickname “Hub City,” reflecting its role as a regional center for commerce and travel. The community benefits from ongoing population and employment growth, supported by a strong military presence nearby. Eglin Air Force Base, Duke Field, and Hurlburt Field collectively sustain consistent lodging demand throughout the year from military personnel, contractors, and government travelers. With a growing economy, diverse demand generators, and strong transportation links, Crestview continues to emerge as a stable and appealing market for hospitality development and investment. The hotel benefits from a prime Crestview location proximate to major demand generators such as Eglin Air Force Base, the growing Northwest Florida State College, and Destin–Fort Walton Beach Airport (VPS)—all of which contribute to steady year-round room demand from business, government, leisure, and transient segments.
Property Highlights:
Quality Inn Crestview, A Choice Hotel
56 Rooms | 2 Stories | Exterior Corridor
Year Built - 1988
Minimal PIP*
$225,000+/- In Recent Renovations
Amenities Include: Picnic Center, Business Center, Vending Area, Guest Laundry
*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
Location Highlights:
2.7 Miles to Downtown Crestview
5 Miles to the Panhandle Opry
9.9 Miles to Emerald Coast Zoo
16.1 Miles from Northwest Florida State College
16.5 Miles from Timber Creek Distillery
17.6 Mile(s) from Destin–Fort Walton Beach Airport
19.2 Miles from Eglin Airforce Base
25.5 Miles from Yellow River Wildlife Management Area
26 Miles from Gulfarium Marine Adventure Park
31.8 Miles from Big Kahuna Water Park
Financial Highlights:
List Price of $3,500,000
Year 1 ADR/RevPAR/OCC: $75.00 ADR / $43.50 RevPAR / 58.00% OCC
