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Hotel For Sale • 63,324 SF
| Property underwent a nearly $10.0M comprehensive renovation in 2019/2020 following Hurricane Michael |
| The Hotel is being offered at a significant discount to replacement cost |
| Highly favorable corporate PIP not due until 2028 that is limited to $5,000 per key |
| Stable in-place cash flow with revenues of over $3.0M in 2024 |
| Located within 15 miles of all the major demand generators in Panama City |
| Unencumbered by management creates significant operating upside for an owner-operator |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Northwest Florida Beaches International | 33 min | - | 20.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 104 |
| Type: | Surface |
| Included in Rent: | Yes |
