OFFERING OVERVIEW:

DSH Hotel Advisors has been retained as the exclusive broker to market for sale The Drift, a 13-unit boutique hospitality property located in the heart of Cocoa Beach, Florida. Situated along South Orlando Avenue (State Road A1A), the property benefits from its desirable coastal location, offering convenient access to Cocoa Beach’s renowned beaches, restaurants, shopping, and entertainment attractions. The hotel is strategically positioned near Port Canaveral, Kennedy Space Center Visitor Complex, and Cape Canaveral Space Force Station, placing it within one of Florida’s most established leisure tourism and aerospace markets. The property’s boutique character and location within the highly desirable Cocoa Beach hospitality market present an attractive investment opportunity. The Drift is positioned to benefit from the area’s diverse lodging demand generated by beach tourism, cruise passengers, rocket launches, aerospace related business travel, and year-round recreational activities. The combination of an established coastal destination, limited-service operating potential, and proximity to major regional attractions provides opportunities for continued revenue growth and long-term investment appreciation, subject to operating performance and market conditions.

PROPERTY OVERVIEW:

The subject property remains in good condition, supported by recent renovations and an ongoing capital improvement plan. The property underwent approximately $980K+/- renovations in 2024, including upgrades to roofing, windows, exterior siding, landscaping, plumbing, electrical systems, HVAC, and water heaters. Interior improvements include updated flooring, paint, kitchens, bathrooms, lighting, appliances, cabinetry, and fixtures, along with enhancements to common areas and exterior amenities. *Any renovation amount reflected in this Offering Memorandum is included solely as a placeholder for financial modeling and illustrative purposes only and should not be relied upon in evaluating the Property or making any investment or purchase decision. The placeholder amount is not a representation of actual renovation cost and may differ materially from the ultimate requirements. Actual renovation scope and cost are unknown, and prospective purchasers are solely responsible for independently verifying all renovation requirements and associated costs. All information contained herein is deemed reliable but not guaranteed. DSH Hotel Advisors has not independently inspected the Property and makes no representations or warranties regarding its physical condition or the accuracy or completeness of any financial information, documents, or other materials provided.

MARKET OVERVIEW:

The Drift is situated in Cocoa Beach, Florida, within the Palm Bay–Melbourne–Titusville Metropolitan Statistical Area, commonly known as Florida’s Space Coast. Located along Brevard County’s approximately 72-mile Atlantic coastline, Cocoa Beach is a premier coastal tourism destination recognized for its beaches, surfing, recreational activities, and proximity to major regional attractions. The area benefits from a diverse hospitality demand base supported by Port Canaveral, one of the world’s busiest cruise ports, Kennedy Space Center Visitor Complex, Cape Canaveral Space Force Station, Patrick Space Force Base, and Westgate Cocoa Beach Pier. Port Canaveral recorded approximately 8.6 million cruise passenger movements in fiscal year 2025, supporting significant pre- and post-cruise lodging demand throughout the region. Beyond leisure and cruise tourism, the Space Coast is a nationally recognized aerospace and defense hub, home to major operations involving NASA, SpaceX, Blue Origin, Northrop Grumman, L3Harris Technologies, and other leading aerospace and technology companies. The region’s expanding commercial space industry, frequent rocket launches, military installations, and government contracting activity generate consistent business and government-related travel. Complementing these economic drivers are Cocoa Beach’s year-round recreational opportunities, waterfront dining, shopping, fishing, surfing, and regional attractions including Historic Cocoa Village and Brevard Zoo. This combination of leisure tourism, cruise activity, aerospace employment, military operations, and regional business travel supports a diversified hospitality market with multiple sources of year round lodging demand.