Overview
The Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the Rodeway Inn Panama City for sale. This 51-room, exterior corridor hotel is strategically positioned directly on US-98, one of Panama City’s primary commercial corridors, offering strong visibility and convenient access to Panama City Beach and the surrounding demand generators of the Florida Panhandle.
Built in 1986 with durable concrete construction, the property benefits from a construction type that is often viewed more favorably by insurance carriers than wood-frame hotels. Performance is trending upward, with 2026 room revenue projected well ahead of 2025 and the hotel’s RevPAR index improving meaningfully against its competitive set. Significant upside potential remains in management, as a more hands-on approach could further enhance occupancy, operational efficiencies, and revenue growth.
This value-add opportunity, offered at an attractive per-key basis with a manageable room count and Choice Hotels brand affiliation, makes the Rodeway Inn Panama City an appealing asset for both owner-operators and new entrants into the hospitality industry.
Investment Highlights
· Prime US-98 Location & Visibility: Positioned directly on US-98, a major Panama City corridor, providing strong visibility and convenient access to Panama City Beach and regional demand.
· Improving Performance: 2026 room revenue is projected well ahead of 2025, and the hotel’s RevPAR index has climbed from 54.1 to 79.8 over the trailing 12 months.
· Concrete Construction: Durable construction that may be viewed more favorably by insurance carriers than wood-frame properties, an important advantage in the Florida Panhandle.
· Strong Brand Affiliation: Operates under the Rodeway Inn flag, benefiting from Choice Hotels’ reservation system, Choice Privileges loyalty program, and established customer base.
· Attractive Basis: Offered at approximately $43,000 per key, well below recent Panama City trades such as the Quality Inn & Suites at roughly $61,000 per key.
· Operational Upside: Occupancy trails the competitive set, giving a hands-on owner the opportunity to grow revenue through revenue management, online channel optimization, and expense controls.
· Florida Panhandle Market: Benefits from a diverse mix of leisure, commercial, construction, and regional travel demand across the Panama City market.
· Accessible Investment Size: A 51-room count and manageable operating scale provide an attractive opportunity for owner-operators and first-time hotel investors seeking an efficiently sized branded asset.
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