INVESTMENT HIGHLIGHTS
OVERVIEW
The Fairfield Inn & Suites Destin is located with easy access to Emerald Coast Parkway within the heart of Destin. The Hotel offers proximity to some of the area’s most popular attractions, including world-renowned beaches, recreational parks, and family-friendly activities. Within 4 minutes from the Hotel is Henderson Beach State Park, a 200-acre natural gem that showcases Destin’s famous white-sand beaches, often regarded as some of the whitest in the world. The park offers a variety of outdoor activities, including scuba diving, snorkeling, and an array of other water sports. U.S. News Travel ranks Henderson Beach as the #1 attraction in Destin, and it is also listed as the #6 beach in the nation. Driving leisure demand is the Morgan Sports Center located 6 minutes from the Hotel. This $3.7 million facility features 4 softball fields, 2 little league fields, and 3 soccer fields. The center hosts a variety of leagues, including adult softball, youth soccer, and flag football, hosting over 70 tournaments a year. Additionally, 7-minutes from the Hotel is Big Kahuna’s Water & Adventure Park, one of the largest water parks in the Florida Panhandle. With over 40 water attractions, including private cabanas, a surfing half pipe, and thrilling rides like the 100-foot tall skycoaster. The Destin Executive Airport is 7 minutes away, spanning over 395-acres. Also known as Coleman Kelly Field, the airport features a 5,000-foot runway and handles over 64,000 aircraft operations annually. It serves as a key regional hub for aviation, with 61 based aircraft and a range of services catering to business and leisure travelers.
STRONG PERFORMANCE WITH ADDITIONAL UPSIDE
The Fairfield Inn & Suites Destin is a high performing asset achieving a RevPAR of $113.69 in the Trailing Twelve Months (“TTM”) ending in October 2024. As a result, the Hotel achieved total revenues of $4.1M and generated strong in-place cash flows of $1.1M, with 26.6% NOI margins. Additionally, there is a potential for improvement post a change-of-ownership PIP. The enhanced product offering, and continued market growth expectations will likely result in RevPAR and NOI levels well exceeding in-place metrics.
INSTITUTIONAL MARRIOTT BRANDED ASSET
Marriott’s Fairfield Inn & Suites is one of the strongest brands in the Marriott family. Premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as name recognition. All Marriott properties are backed by the Marriott Bonvoy reward program which boasts over 160 million members across 33 brands and more than 7,000 hotels worldwide.
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ABOUT HUNTER
Hunter Hotel Advisors is the leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity. With over 45 years of experience in both full and select-service single assets as well as portfolio marketing, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed HUNTER to consistently maximize value regardless of market conditions.
Hunter Hotel Advisors is the founder and producer of the well-known and respected Hunter Hotel Investment Conference. Since their first conference in 1989, they have had a consistent focus on producing an educational and networking format based on real estate and finance for hotel owners. After celebrating their 35th year this past March, the next conference will be held March 18-20, 2025 at the Atlanta Marriott Marquis.
