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Hotel-Motel

Best Western Apalach Inn

249 US-98, Apalachicola, FL 32320

Listing Price: $4,300,005

Cap Rate
9.16%
Number of Rooms
42
Gross SF
21,758
Price/Room
$102,381
Price/Gross SF
$197.63
Year Built
1997

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 42-room Best Western located in Apalachicola, Florida. The property is a two-story hotel located directly off of U.S. Highway 98, a major thoroughfare of Northwest Florida. The Best Western benefits from being within close proximity to a variety of demand generators including: Historic Apalachicola, Apalachicola Regional Airport, and George E. Weems Memorial Hospital, amongst others. The Best Western offers investors the opportunity to acquire a market-leading hotel with minimal expected Property Improvement Plan (PIP) costs.

Investment Highlights

  • Unlike Most Jurisdictions Across The Globe, Franklin County has Seen An Increase in Visitor Occupancy Throughout The COVID-19 Pandemic.
  • Minimal Property Improvement Plan (PIP) Costs Expected for A New Owner
  • Operations Proven to be Efficient, Achieving An Average Net Operating Income Margin of 29.2 Percent Since 2018
  • Property has been Out-Performing Its Competitive Set in RevPAR over The Past Three Years, Boasting An Average Annual RevPAR Penetration Index of 103.7 Percent

Exclusively Listed By

Hotel-Motel

Best Western Apalach Inn

Listing Price: $4,300,005

Cap Rate
9.16%
Number of Rooms
42
Gross SF
21,758
Price/Room
$102,381
Price/Gross SF
$197.63
Year Built
1997

Investment Highlights

  • Unlike Most Jurisdictions Across The Globe, Franklin County has Seen An Increase in Visitor Occupancy Throughout The COVID-19 Pandemic.
  • Minimal Property Improvement Plan (PIP) Costs Expected for A New Owner
  • Operations Proven to be Efficient, Achieving An Average Net Operating Income Margin of 29.2 Percent Since 2018
  • Property has been Out-Performing Its Competitive Set in RevPAR over The Past Three Years, Boasting An Average Annual RevPAR Penetration Index of 103.7 Percent

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 42-room Best Western located in Apalachicola, Florida. The property is a two-story hotel located directly off of U.S. Highway 98, a major thoroughfare of Northwest Florida. The Best Western benefits from being within close proximity to a variety of demand generators including: Historic Apalachicola, Apalachicola Regional Airport, and George E. Weems Memorial Hospital, amongst others. The Best Western offers investors the opportunity to acquire a market-leading hotel with minimal expected Property Improvement Plan (PIP) costs.

Exclusively Listed By

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