Value-Add Motel in Florida's Panhandle
144 bed |144 bath |43,538 sf
Built 1973
asking $4.7M
ARV $7.75m
an exceptional opportunity to own a cash-flowing motel in the highly sought-after vacation destination of the Florida Panhandle! This lucrative investment boasts a variety of room types with rates ranging from $91 to $177 per night, attracting a diverse clientele and ensuring steady occupancy rates.
Over the past three years, the hotel has demonstrated its potential, generating an impressive average monthly revenue of $125,000. The potential for growth and increased revenue is significant. Currently, the motel is operating only 122 of the 144 available rooms, leaving 22 rooms untapped. By opening these additional rooms and potentially forming a partnership with a renowned national hotel chain, there is a lucrative value-add play that could boost your monthly revenue by as much as $42,000—a staggering $500,000 increase annually.
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