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Hotel-Motel

Quality Inn Chipley Interstate-10

1130 Motel Dr, Chipley, FL 32428

Listing Price: $3,800,000

Cap Rate
12.50%
Number of Rooms
51
RevPAR
$65
Gross SF
29,516
Price/Room
$74,510
Price/Gross SF
$128.74
Year Built
1997

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 50-room (plus 1 manager's suite) Quality Inn located in the historic city of Chipley, Florida - the county seat of Washington County. Chipley, located directly between Tallahassee and Pensacola, is home to the annual Panhandle Watermelon Festival. The Panhandle Watermelon Festival is a completely free music festival that brings thousands of tourists to Chipley. The property is a two story, limited-service hotel located directly off Interstate-10 and a short drive to both the Florida Panhandle Technical College and the Northwest Florida Community Hospital. The property is also located within close proximity to a variety of other demand generators including: Falling Waters State Park Campground, Florida Caverns State Park, Orange Hill Gator Farm, and the Swamp Off Road Park, among others. The Quality Inn offers investors the opportunity to acquire a 50-room property in a growing, transient market, with phenomenal visibility from Interstate-10.

Investment Highlights

  • This 50-Room Hotel Includes an Additional Managers Suite for an Easy Owner-Operator Opportunity
  • Excellent Opportunity For A First-Time Hotel Owner With Minimal Property Improvement Plan (PIP) Costs Required
  • Conveniently Located Directly Off Of Interstate-10, Which Provides Excellent Visibility to the Hotel and Draws Occupancy From Transient Tourists and Business Travelers

Exclusively Listed By

Financing By

Hotel-Motel

Quality Inn Chipley Interstate-10

Listing Price: $3,800,000

Cap Rate
12.50%
Number of Rooms
51
RevPAR
$65
Gross SF
29,516
Price/Room
$74,510
Price/Gross SF
$128.74
Year Built
1997

Investment Highlights

  • This 50-Room Hotel Includes an Additional Managers Suite for an Easy Owner-Operator Opportunity
  • Excellent Opportunity For A First-Time Hotel Owner With Minimal Property Improvement Plan (PIP) Costs Required
  • Conveniently Located Directly Off Of Interstate-10, Which Provides Excellent Visibility to the Hotel and Draws Occupancy From Transient Tourists and Business Travelers

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 50-room (plus 1 manager's suite) Quality Inn located in the historic city of Chipley, Florida - the county seat of Washington County. Chipley, located directly between Tallahassee and Pensacola, is home to the annual Panhandle Watermelon Festival. The Panhandle Watermelon Festival is a completely free music festival that brings thousands of tourists to Chipley. The property is a two story, limited-service hotel located directly off Interstate-10 and a short drive to both the Florida Panhandle Technical College and the Northwest Florida Community Hospital. The property is also located within close proximity to a variety of other demand generators including: Falling Waters State Park Campground, Florida Caverns State Park, Orange Hill Gator Farm, and the Swamp Off Road Park, among others. The Quality Inn offers investors the opportunity to acquire a 50-room property in a growing, transient market, with phenomenal visibility from Interstate-10.

Exclusively Listed By

Financing By

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