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1608 N US Highway 1
Ormond Beach, FL 32174

Days Inn & Red Roof Inn · Hospitality Property For Sale · 138 Rooms

PROPERTY FACTS

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class C
Lot Size 7.07 AC
Building Size 45,366 SF
No. Rooms 138
No. Stories 2
Year Built 1967
Parking Ratio 2.2/1,000 SF
Corridor Exterior

Amenities

  • Business Center
  • Pool

About 1608 N US Highway 1 , Ormond Beach, FL 32174

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 72-room Days Inn and the 66-room Red Roof Inn both located in Ormond Beach, Florida. The Days Inn is a 1967-build, two-story property and the Red Roof Inn is a 1989-build, two-story property. The two hotels must be sold together, as they sit on the same parcel and share amenities. The two hotels are located directly off 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. These destinations include world-renowned beaches and the Daytona International Speedway, home of the famous Daytona 500 NASCAR race, an event larger than the Super Bowl. The Days Inn and Red Roof Inn provide the opportunity to acquire two stabilized and well-performing hotels with a positive trending RevPAR and a strong Net Operating Income.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3136-01-64-0170
Land Assessment
$1,236,720
Improvements Assessment
$3,149,191
Total Assessment
$4,385,911

zoning

Zoning Code 01B6
01B6
  • Listing ID: 13690391

  • Date on Market: 9/4/2018

  • Last Updated:

  • Address: 1608 N US Highway 1, Ormond Beach, FL 32174

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