This is an opportunity for an investment in a shovel ready project that is led by an incredibly experienced developer with a pointed and fleshed out proposal to capture a seriously neglected portion of Marriott’s business along the Gulf Coast with multiple local benefits related to zoning such as heightened room count and amenities such as a swim up bar. Marriott select branded properties in the area perform incredibly well due to the destination location, and we project the Property will make almost $14mm in NOI in its first full year of operations.

Rich Chism with Heron Hotels has completed over $400,000,000 of new construction and renovations including resorts, boutique hotels, and restaurants. A few notable beachfront projects he has been responsible for, in a past role as VP of Development and Asset Management at another local firm, include the Fairfield Inn Pensacola Beach, the SpringHill Suites Panama City Beach, and the Hampton Inn Panama City Beach.