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4486 N Suncoast BlvdCrystal River, FL 34428
Quality Inn Crystal River - Includes 21.07± Acres
Asset ClassHotel & Hospitality
# Keys66
66-Room Choice Hotel | 21.07± Acres Along U.S. Highway 19
overview of deal

Overview

OFFERING OVERVIEW:

DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Quality Inn Crystal River, located in Crystal River, Florida. The Choice Hotels-branded property is situated along North Suncoast Boulevard (U.S. Highway 19), providing convenient access to Crystal River, Kings Bay, Three Sisters Springs and the broader Citrus County market. The subject property benefits from its location within Florida’s Nature Coast, an established leisure and outdoor recreation destination known for its natural springs, waterways, boating, fishing and wildlife based tourism. The property’s location positions it to capture a diverse mix of leisure, recreational, transient and regional demand. Crystal River is internationally recognized for its manatee population and spring-fed waterways, with the Crystal River/Homosassa area serving as one of the few destinations where visitors can experience manatees in their natural environment. The area attracts visitors throughout the year for boating, kayaking, fishing, diving, scalloping and other nature-based activities, while the Quality Inn brand provides established brand recognition and access to the Choice Hotels reservation network.

 

PROPERTY OVERVIEW:

The subject property remains in good condition, supported by an ongoing capital improvement plan. *The PIP 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 cost of any Property Improvement Plan (PIP), including requirements related to a change of ownership, are not verified and will be determined solely by hotel franchisor upon issuance of an official PIP. The placeholder amount is not a representation of actual PIP cost and may differ materially from the ultimate franchisor requirements. Actual PIP scope and cost are unknown, and prospective purchasers are solely responsible for independently verifying all franchise and PIP requirements and associated costs directly with the franchisor. 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 Quality Inn Crystal River is situated in Crystal River within Citrus County along Florida’s Nature Coast. Located along the Gulf Coast of west-central Florida, the Crystal River area is distinguished by its extensive network of natural springs, rivers, estuaries and coastal waterways. Tourism represents an important component of the Citrus County economy, supporting lodging, restaurants, retail, attractions, recreational operators and other visitor-oriented businesses throughout the region. Crystal River is particularly recognized for Kings Bay and Three Sisters Springs and is promoted as the “Manatee Capital of the World.” According to the Citrus County Visitors and Convention Bureau, approximately 500 to 1,000 manatees are drawn to the Crystal River, Homosassa and Citrus County spring systems during the winter months, while a smaller population remains in the area year-round. In addition to manatee tourism, the market benefits from boating, fishing, kayaking, paddling, diving, scalloping and other outdoor recreation, supporting a broad base of leisure visitation and lodging demand. The combination of established tourism attractions, natural resources, regional commerce and accessibility along U.S. Highway 19 provides Crystal River with a diversified foundation for hospitality demand.

Investment Highlights

Property Highlights:

  • Quality Inn Crystal River, a Choice Hotel
  • 66 Rooms | 2 Stories | Exterior Corridor
  • Year Built - 1989
  • Amenities Include: Outdoor Pool, Lit Outdoor Tennis Court, Dining Area, Business Center, Guest Laundry

 

Location Highlights:

  • 2.1 Miles to Tampa General Hospital Crystal River
  • 2.5 Miles to Downtown Crystal River/Waterfront District
  • 3.8 Miles to Three Sisters Springs
  • 4.3 Miles to Crystal River National Wildlife Refuge
  • 4.9 Miles to Crystal River Airport – Captain Tom Davis Field
  • 7.2 Miles to Duke Energy Crystal River Energy Complex
  • 13.2 Miles to College of Central Florida, Wilton Simpson Citrus Campus
  • 13.2 Miles to Citrus Conference Center
  • 22.7 Miles to Citrus County Fairgrounds
  • 35.5 Miles to World Equestrian Center
  • 36.4 Miles to Ocala International Airport

 

Financial Highlights:

  • List Price of $3,950,000
  • Year 1 NOI / Cap Rate: $407,697 Projected NOI / 10.32% Projected Cap Rate
  • Year 1 Room Revenue / RRM: $993,713 Projected Room Revenue / 3.97x Projected RRM
  • YE 2025 ADR / RevPAR / OCC: $132.64 ADR / $67.25 RevPAR / 50.70% OCC
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4486 N Suncoast BlvdCrystal River, FL 34428

Sales Team

400 North Tampa Drive, Suite 1920, Tampa, FL 33602
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