Overview
The Red Roof PLUS+ & Suites Naples Downtown–5th Ave S (the “Hotel” or “Property”) presents a compelling opportunity to acquire a 157-room hospitality asset in one of Florida’s most supply-constrained and affluent coastal markets. Ideally situated at 1925 Davis Boulevard, the Property benefits from immediate proximity to Downtown Naples, one of the most desirable and high-performing lodging submarkets in Southwest Florida, while offering convenient access, strong visibility, and a strategic positioning along a primary commercial corridor.
The Hotel’s location just east of Fifth Avenue South places it within minutes of Naples’ premier demand drivers, including the Gulf Coast beaches, Naples Pier, and the city’s renowned dining, retail, and entertainment district. Unlike many boutique and resort hotels located directly within the downtown core, the Property offers ease of access, ample parking, and a more efficient operating model, an increasingly valuable advantage in a market where congestion and land constraints limit new development.
Investment Highlights
Premier Location
The Red Roof Plus+ & Suites Naples is located near the Fifth Avenue South shopping district, Tin City Waterfront Shops, Naples Pier, Gulf of Mexico beaches, award-winning golf courses, and a variety of restaurants. It is also minutes from Naples Municipal Airport (APF) and has easy access to I-75.
No Relevant New Supply
There are no economy or midscale hotels in planning, proposed, or under construction in or near downtown. Furthermore, there has only been one economy Hotel delivery in the past 30 years.
Strong Historical Cashflows
Although current in-place cashflows are strong, historical performance indicates the Property’s capacity to achieve stronger NOI and profit margins. In 2022 and 2023, the Hotel achieved NOIs of +$1.7M and margins ranging from 38-40%.
Offered Unencumbered of Management
The Hotel is being offered unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or to act as an owner/operator.
Fee Simple Interest
The Property will be offered as fee simple.
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