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Hotel-Motel

Days Inn & Extended Stay of Ormond Hotel

1608 US-1, Ormond Beach, FL 32174

Listing Price: $10,000,000

Cap Rate
7.65%
Number of Rooms
138
RevPAR
$41
Gross SF
72,672
Price/Room
$72,464
Price/Gross SF
$137.60
Year Built
1967

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 138-room portfolio consisting of the Days Inn and Extended Stay of Ormond located in Ormond Beach, Florida, a growing city near the East Coast of Florida just outside of Daytona Beach and an hour to Orlando. The Days Inn is a 72-room, two-story hotel and the Extended Stay of Ormond is a 66-room, two-story hotel, which are both located on the same parcel and share amenities. Accordingly, the two hotels must be sold together. The two hotels are located directly off of Interstate 95 and U.S. Route 1, providing excellent visibility and accessibility for commuters traveling through Northeast Florida. Located across the street from Destination Daytona, the headquarters of Bike Week, the properties are a short drive from the area's major tourist destinations including the world-renowned beaches and the Daytona International Speedway, home of the famous Daytona 500 NASCAR race, an event larger than the Super Bowl. This portfolio provides the opportunity to acquire two hotels that successfully recovered from the COVID Pandemic in 2021 and present a strong management-upside opportunity.

Investment Highlights

  • The Days Inn (72 Rooms) and Extended Stay of Ormond Hotel (66 Rooms) are located in Ormond Beach, Florida. Both hotels are located on the same parcel and must be sold together.
  • Ormond Beach, Florida is a rapidly expanding city with many development projects surrounding the properties, including Ormond Crossings, a 3,000-acre mixed use development site adjacent to the parcel.
  • Located directly across the street from the Destination Daytona, the official meet-up location for Biketoberfest, Bike Week, and Motorcycle related events, which draws over 600,000 tourists every year

Exclusively Listed By

Financing By

Hotel-Motel

Days Inn & Extended Stay of Ormond Hotel

Listing Price: $10,000,000

Cap Rate
7.65%
Number of Rooms
138
RevPAR
$41
Gross SF
72,672
Price/Room
$72,464
Price/Gross SF
$137.60
Year Built
1967

Investment Highlights

  • The Days Inn (72 Rooms) and Extended Stay of Ormond Hotel (66 Rooms) are located in Ormond Beach, Florida. Both hotels are located on the same parcel and must be sold together.
  • Ormond Beach, Florida is a rapidly expanding city with many development projects surrounding the properties, including Ormond Crossings, a 3,000-acre mixed use development site adjacent to the parcel.
  • Located directly across the street from the Destination Daytona, the official meet-up location for Biketoberfest, Bike Week, and Motorcycle related events, which draws over 600,000 tourists every year

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 138-room portfolio consisting of the Days Inn and Extended Stay of Ormond located in Ormond Beach, Florida, a growing city near the East Coast of Florida just outside of Daytona Beach and an hour to Orlando. The Days Inn is a 72-room, two-story hotel and the Extended Stay of Ormond is a 66-room, two-story hotel, which are both located on the same parcel and share amenities. Accordingly, the two hotels must be sold together. The two hotels are located directly off of Interstate 95 and U.S. Route 1, providing excellent visibility and accessibility for commuters traveling through Northeast Florida. Located across the street from Destination Daytona, the headquarters of Bike Week, the properties are a short drive from the area's major tourist destinations including the world-renowned beaches and the Daytona International Speedway, home of the famous Daytona 500 NASCAR race, an event larger than the Super Bowl. This portfolio provides the opportunity to acquire two hotels that successfully recovered from the COVID Pandemic in 2021 and present a strong management-upside opportunity.

Exclusively Listed By

Financing By

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