Skip to main content

Hotel-Motel

Baymont by Wyndham Marianna & +/- 2.2-Acre Development Site

2222 FL-71, Marianna, FL 32448

Listing Price: $3,600,000

Cap Rate
9.16%
Number of Rooms
60
RevPAR
$43
Gross SF
37,002
Price/Room
$60,000
Price/Gross SF
$97.29
Year Built
1996

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee-simple interest in the 60-room Baymont by Wyndham, located in Marianna, Florida. The 60-room hotel is currently undergoing a renovation and rebranding to Baymont and was previously operating as an independent property. Upon completion of renovations (expected Summer 2021), the hotel is expected to see a significant increase in revenue from OTA business, walk-in business and the Wyndham reservation system. Additionally, the hotel has approximately 2.2-acres of surplus land which may present an opportunity to develop a new hotel or to develop truck-parking so the hotel can better capture trucking and Interstate-10 business. Additionally, The Baymont by Wyndham benefits from being within close proximity to a variety of demand generators such as Marianna Municipal Airport, Chipola Center for Arts, Chipola College, among others. The Baymont by Wyndham offers investors the opportunity to acquire a hotel with proven business and immediate upside through the current rebranding/renovations.

Investment Highlights

  • Recently Renovated and Rebranded Baymont by Wyndham
  • with an Additional +/- 2.2-Acre Development Site
  • in the Marianna Market

Exclusively Listed By

Hotel-Motel

Baymont by Wyndham Marianna & +/- 2.2-Acre Development Site

Listing Price: $3,600,000

Cap Rate
9.16%
Number of Rooms
60
RevPAR
$43
Gross SF
37,002
Price/Room
$60,000
Price/Gross SF
$97.29
Year Built
1996

Investment Highlights

  • Recently Renovated and Rebranded Baymont by Wyndham
  • with an Additional +/- 2.2-Acre Development Site
  • in the Marianna Market

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee-simple interest in the 60-room Baymont by Wyndham, located in Marianna, Florida. The 60-room hotel is currently undergoing a renovation and rebranding to Baymont and was previously operating as an independent property. Upon completion of renovations (expected Summer 2021), the hotel is expected to see a significant increase in revenue from OTA business, walk-in business and the Wyndham reservation system. Additionally, the hotel has approximately 2.2-acres of surplus land which may present an opportunity to develop a new hotel or to develop truck-parking so the hotel can better capture trucking and Interstate-10 business. Additionally, The Baymont by Wyndham benefits from being within close proximity to a variety of demand generators such as Marianna Municipal Airport, Chipola Center for Arts, Chipola College, among others. The Baymont by Wyndham offers investors the opportunity to acquire a hotel with proven business and immediate upside through the current rebranding/renovations.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower