Investment Overview

Marcus & Millichap is pleased to exclusively offer the fee simple interest in the 105-room Residence Inn by Marriott Navarre, strategically located at the intersection of U.S. Route 98 and State Road 87 in Navarre, Florida. Scheduled for completion in July 2025, this brand-new, extended-stay hotel development presents a unique opportunity to acquire a premium-branded asset in Florida’s high-growth Emerald Coast market. The Residence Inn Navarre is designed to capture diverse demand segments, including military, corporate, and leisure travelers. The Property will feature spacious suites with full kitchens, a fitness center, outdoor pool, complimentary breakfast, and meeting space. Positioned on ±2 acres of land with excellent visibility and accessibility, the Hotel benefits from proximity to Navarre Beach (less than 10 minutes away), which attracts over 1.7 million visitors annually, and major military installations such as Hurlburt Field and Eglin AFB. As part of Marriott International’s globally recognized Residence Inn brand, the Hotel will leverage the power of the Marriott Bonvoy loyalty program to drive occupancy and ADR premiums. The extended-stay model is well-suited to capture regional demand, offering strong financial performance and market resilience. As a new construction project, the Residence Inn Navarre provides investors with the advantage of a modern asset requiring minimal immediate capital expenditure and no property improvement plan (PIP) obligations. With its proximity to Navarre Beach, military installations, and thriving regional hubs like Pensacola and Destin, the Residence Inn Navarre is ideally situated to capture demand from leisure, corporate, and government travelers, ensuring long-term performance and growth.