HREC Investment Advisors is pleased to offer for sale the fee simple interest in the Hampton Inn Panama City Beach (“Property” or “Hotel”) located in Panama City, Florida. The 89-key Holiday Inn was constructed in 2001 and is located at 2909 Thomas Dr., Panama City, FL 32408.

Premier Location Proximate to Demand Generators

The Hampton Inn is perfectly positioned to capture the area’s leisure demand as it is within a mile of the beach, half a mile away from charter boats and deep-sea fishing, and two miles away from the Surface Warfare Center.

Cash Flowing Property with Additional Performance Upside Potential

In the February 2024 TTM period, the Hotel cash-flowed with approximately 18% NOI flowthrough. As topline revenue is strong, significantly outperforming the competitive set with a RevPAR penetration of +116%, a new owner/operator can expect to considerably increase profits through careful expense management.

Only Hilton Product in the Grand Lagoon Area

The Grand Lagoon, also known as “the Gateway to the Gulf” is a hub for fishing, boating, sightseeing tours, paddle boarding, and other water sports. The Hampton Inn demonstrates a superior advantage being the only Hilton product in this area. Hilton has the largest guest loyalty program with over 170 million members.

Benefits from the Panhandle’s Strong Military Presence, Higher Education, and Leisure Demand

The region's strong military presence, with central installations like the Naval Surface Warfare Center (5-minute drive), Tyndall Air Force Base, Eglin Air Force Base, Hurlburt Field, and Naval Air Station Pensacola, contributes substantially to the regional economy. The Panhandle is also home to several major universities like the Florida State University Panama City Campus (10-minute drive), University of West Florida, and Pensacola State College. In addition, the mild climate and abundant natural resources make the Panhandle an ideal destination for sports and outdoor recreation.