Overview
Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the 94-room Wingate by Wyndham located in Destin, Florida. Built in 2004, the property is positioned in one of Florida’s premier Gulf Coast leisure markets and offers investors the opportunity to acquire a well-located hospitality asset in a high-demand coastal destination.
The hotel is strategically situated directly off U.S. Highway 98, Destin’s primary east–west corridor, and less than half a mile from the Gulf of Mexico beaches. The property benefits from immediate proximity to major tourism and regional demand generators including Big Kahuna’s Water & Adventure Park, Henderson Beach State Park, the Destin Harbor Boardwalk, and the Emerald Coast Convention Center. Additional demand is generated by nearby military installations including Eglin Air Force Base, one of the largest Air Force bases in the world.
The property currently operates below the competitive set, with RevPAR performance approximately 15% below market averages, presenting a clear opportunity for a new owner to enhance operational performance through hands-on management, targeted marketing initiatives, and revenue optimization. This offering represents an opportunity to acquire a well-located hotel in a highly desirable leisure-driven market along Florida’s Emerald Coast.
Investment Highlights
PROPERTY HIGHLIGHTS
• Prime Coastal Location | Positioned in Destin, Florida, one of the Gulf Coast’s premier leisure markets, directly off U.S. Highway 98, Destin’s primary east-west corridor, and less than half a mile from the beach.
• Brand Conversion | Opportunity to reposition under a new brand with multiple flag options.
• New Roof | Replaced in 2023
• Owner Operator Scale | The property features 94 guestrooms across three floors on a 2.34-acre site, offering a scale attractive to both owner operators and institutional investors seeking exposure to the high barrier-to-entry Destin lodging market.
• Operational Upside Opportunity | RevPAR currently performs approximately 15% below the competitive set, presenting an opportunity to improve performance through operational and marketing enhancements.
• Demand Drivers | Adjacent to Big Kahuna’s Water & Adventure Park and located near major regional attractions including Henderson Beach State Park, Emerald Coast Convention Center, and the Destin Harbor Boardwalk.
• Amenities | Outdoor pool, meeting room, complimentary breakfast, business center, on-site guest laundry, and dry-cleaning services.
LOCATION HIGHLIGHTS
• Adjacent – U.S. Highway 98 (52,000 AADT) • 0.5 Miles – The Beach / Coastline • 0.6 Miles – Big Kahuna's Water & Adventure Park • 2.0 Miles – Destin Executive Airport • 2.2 Miles – Henderson Beach State Park • 2.4 Miles – Destin Harbor Boardwalk • 3.8 Miles – Destin Commons • 7.5 Miles – Emerald Coast Convention Center • 7.8 Miles – Silver Sands Premium Outlets • 2.0 Miles – Indian Bayou Golf & Country Club • 14.8 Miles – Eglin Air Force Base • 15.1 Miles – Hurlburt Field
Photo Gallery
Sales Team
