OFFERING OVERVIEW:

Offered for sale is the Comfort Inn & Suites Fort Walton Beach – Destin West, a 75-room, four-story, interior-corridor hotel strategically positioned along the highly traveled Miracle Strip Parkway/U.S. Highway 98 corridor. The property offers convenient access to Fort Walton Beach, Okaloosa Island, Destin, and the broader Emerald Coast tourism market, positioning it to capture demand from both regional and destination travelers. The hotel benefits from a diverse and resilient lodging demand base supported by the area’s strong leisure and tourism industry, as well as substantial military, government, defense contractor, corporate, healthcare, and event-related travel. Major demand generators include Hurlburt Field, Eglin Air Force Base, Destin-Fort Walton Beach Airport, the Destin-Fort Walton Beach Convention Center, Okaloosa Island, and the greater Destin tourism corridor, providing a broad mix of year-round and seasonal demand.

PROPERTY OVERVIEW:

The Comfort Inn & Suites Fort Walton Beach - Destin West was constructed in 2009, renovated in 2019, and contains 75 guestrooms across four stories with interior corridors. The subject property remains in good condition, supported by recent renovations and an ongoing capital improvement plan. A change-of-ownership Property Improvement Plan (PIP) is estimated to cost approximately $500,000+/-, though this figure is only a preliminary estimate. *The actual PIP requirements must be verified directly with Choice Hotels, as they are determined solely at the franchisor’s discretion and may vary in both scope and cost. This includes, without limitation, any franchisor requirements related to a change of ownership. The Recipient is solely responsible for independently verifying all such matters. All information is deemed reliable but not guaranteed, and DSH Hotel Advisors has not inspected the property; no representations are made regarding the asset’s physical condition or the accuracy of financials or documents.

MARKET OVERVIEW:

The Fort Walton Beach market is part of the Crestview–Fort Walton Beach–Destin Metropolitan Statistical Area (MSA), a growing Northwest Florida market with a population of approximately 300,000 residents. The area benefits from a uniquely diversified economic and lodging-demand base anchored by military, defense, government, corporate, healthcare, and leisure activity. Eglin Air Force Base and Hurlburt Field serve as two of the region’s most important economic engines, supporting military personnel, government travelers, defense contractors, and a significant aerospace and defense presence throughout the market. Complementing this stable year-round demand is the Emerald Coast’s nationally recognized tourism industry, with Okaloosa Island, Destin, Gulf Coast beaches, recreation, attractions, and regional events drawing millions of visitors to the area. Additional demand generators including Destin-Fort Walton Beach Airport, the Destin-Fort Walton Beach Convention Center, and HCA Florida Fort Walton-Destin Hospital further strengthen the market by supporting corporate, group, healthcare, and transient travel. This combination of steady year-round demand and strong seasonal leisure activity creates a well-rounded lodging environment with multiple sources of room-night generation.

Historical Revenues:

YE 2017 - $1,871,680 / RevPAR - $68.37

YE 2018 - $1,960,176 / RevPAR - $71.60

YE 2019 - $1,724,685.38 / RevPAR - $63.00

YE 2021 - $2,279,790 / RevPAR - $83.28

YE 2022 - $1,790,181 / RevPAR - $61.61

YE 2023 - $1,471,836.91 / RevPAR - $50.39