Comfort Inn & Suites


Price:
$8,800,000

[Currently Under Contract]

Address :
137 Miracle Strip Pkwy SW
Fort Walton Beach, FL 32548


  •  Excellent location in the heart of Fort Walton Beach.
  •  Solid growth in occupancy and rate, year over year, at subject and competitive properties.
  •  Positioned to capture diverse demand.
  •  Excellent mid-market brand affiliation.
  •  Currently operated via third party management.
  •  Oversize rooms appeal to wide audience.
  •  Irreplaceable site across the street from the bay.
  •  Choice Hotels is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
    View Map    View Aerial
  •  Fort Walton Beach is part of Florida’s Emerald Coast, which draws an estimated 4.5 million visitors annually. It is the #2 drive-to destination in Florida.
  •  Fort Walton Beach’s population doubles during tourist season, and tourism generates over $1 billion in the local economy.
  •  The Elgin complex- Elgin Air Force Base, Duke Field and Hurlburt Field – is the largest air force base in the world. Employing 7,928 active-duty military and 5,435 civilians. Elgin has an estimated annual impact of over $1.5 billion.
  •  Close to Regional Demand Generators, Including...
    •  2.0 Miles to Emerald Coast Conference Center
    •  2.1 Miles to Gulfarium Marine Adventure Park
    •  4.5 Miles to Fort Walton Beach Medical Center
    •  5.7 Miles to Northwest Florida Fairgrounds
    •  7.2 Miles to Air Force Armament Museum
    •  7.5 Miles to Eglin Air Force Base
    •  11 Miles to Big Kahuna’s Water Park
    •  16.5 Miles to Northwest Florida State College
  •  75 Rooms
  •  Continental Breakfast Area (Seats 48)
  •  Meeting Space (448 Square Feet)
  •  Gift Shop
  •  Business Center
  •  Guest Laundry
  •  Fitness Center
  •  Indoor, Heated Pool & Whirlpool
  •  Wireless Internet
  •  4 Stories, Interior Corridors
  •  Block Structure
  •  EIFS Facade
  •  Pitched, Standing Seam Metal Roof
  •  Asphalt Parking Lot
Financials
2014
2015
2016
T-12Mos 4/17
Occupancy
54.96%
62.68%
66.24%
66.14%
Average Daily Rate
$106.65
$108.44
$109.88
$109.91
Room Revenue
$1,604,602
$1,860,697
$1,998,134
$1,989,951
Net Operating Income
$471,539
$693,433
$803,217
$796,829
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!