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I-10 Hotel w/ 6+ Branding Opportunities 7325 N Davis Hwy
62 Hotel Rooms Online Auction Sale Pensacola, FL 32504
Investment Highlights
- 62-key Fairfield Inn with verbal pre-approval for franchise opportunities with Best Western, Choice, Hilton, IHG, Marriott, and Wyndham.
- Located in a retail-rich area with synergistic tenants such as Academy Sports, JCPenney, Bubba's 33, Cheddar's Scratch Kitchen, and Texas Roadhouse.
- Located 3.5 miles from the Pensacola International Airport, which is poised to add at least 1,300 jobs during their Project Titan expansion.
- Subject property is ideally positioned at the buzzing junction of Interstate 10 & Route 291/N Davis Hwy, a prime spot with traffic counts above 67K.
- Fairfield Inn provides an array of amenities, including Wi-Fi, parking, daily breakfast, an indoor swimming pool, a fitness facility, and more.
Executive Summary
7325 N Davis Highway is strategically positioned at the bustling junction of Interstate 10 and Route 291/N Davis Highway, a highly trafficked part of Pensacola with daily traffic counts above 67,500. There are countless restaurants in the immediate vicinity, including Texas Roadhouse, Moe's Southwest Grill, Pounders Hawaiian Grill, Cheddar's Scratch Kitchen, Jim 'N Nick's Bar-B-Q, Bubba's 33, and more. Retailers like JCPenney and Academy Sports are also within walking distance.
Pensacola is a dynamic Gulf Coast Florida city with a bright future. Situated in the western portion of the Florida Panhandle, Pensacola has warm weather and sandy beaches that draw visitors to the region. The population for the Pensacola metro is projected to hover around 517,000 by 2027, a 5% growth from 2022. The local economy is driven by the military, defense industry, tourism, and healthcare. The U.S. Navy has a large presence in the Pensacola metro, and the Naval Air Station Pensacola, Training Center Corry, Naval Air Technical Training Center, Naval Air Station Whitting Field, and Naval Hospital Pensacola are all in the city. Although the median income falls behind the national level, a relatively low cost of living contributes to a homeownership rate that is greater than the national average. With the University of West Florida and Pensacola Christian College attracting a combined 19,000+ students to the area, Pensacola offers abundant opportunities for higher education.
The Fairfield Inn at 7325 N Davis Highway in Pensacola, Florida, is an excellent investment opportunity with operational upside and an unbeatable location near the heart of Pensacola.
Property tours will be held on 1/8, 1/21, & 1/22. Please reach out to Brenden DeLuke to schedule. 646-581-5724
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per Room
Florida Panhandle USA
Market Cap Rate
Florida Panhandle USA
Market Sale Price per Room by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Cap Rate by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Sale Price per Room Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Building Size | 37,791 SF |
| Sale Conditions | Auction Sale | No. Rooms | 62 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1995/2010 |
| Building Class | B | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.85 AC | Corridor | Interior |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.85 AC |
| Building Size | 37,791 SF |
| No. Rooms | 62 |
| No. Stories | 3 |
| Year Built/Renovated | 1995/2010 |
| Parking Ratio | 1.48/1,000 SF |
| Corridor | Interior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 62 | $122.00 | 333 |
About Pensacola
Pensacola is the westernmost tip of Florida’s panhandle, an area known as Florida's Emerald Coast for its clear, emerald-green water. Beach-lovers are drawn to the area year-round by the beautiful water and soft, sugar-white sands as well as water sports from kayaking and snorkeling to offshore fishing.
The area is known for its rich history in addition to the beautiful beaches. Founded by Spanish sailor Don Tristan de Luna in 1559, the Pensacola Bay Area was the first European settlement in the New World. Historic Pensacola encompasses eight and a half acres and 28 properties located within the footprints of the original Spanish and British forts in downtown Pensacola.
Nature lovers will visit Gulf Islands National Seashore, the longest stretch of federally protected seashore in the United States. Dolphins, sea turtles, and rays are commonly spotted swimming near the shore, and the Seashore offers a wide range of recreational activities including snorkeling, kayaking, hiking, boating, fishing, and more. Gulf Islands National Seashore is also home to three historic forts built to protect Pensacola Harbor, Fort Pickens, Fort Barrancas, and Fort McRee.
The area is easily accessible by Interstate 10, the southernmost cross-country Interstate Highway in the American Interstate Highway System, stretching from the Pacific Ocean at California State Route 1 (Pacific Coast Highway) in Santa Monica, California, to Interstate 95 in Jacksonville, Florida.
Pensacola International Airport, located just minutes from downtown Pensacola, is served by American, Delta, Frontier, Silver, Southwest, Spirit, and United.
PROPERTY TAXES
| Parcel Number | 30-1S-30-3201-000-001 | Improvements Assessment | $2,356,897 |
| Land Assessment | $380,000 | Total Assessment | $2,736,897 |
PROPERTY TAXES
zoning
| Zoning Code | C-2 |
| C-2 |
Sale Advisors
Sale Advisors
Jack Davis, Senior Vice President of Investments
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I-10 Hotel w/ 6+ Branding Opportunities | 7325 N Davis Hwy
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