INVESTMENT HIGHLIGHTS

CONVENIENT LOCATION NEAR JACKSONVILLE’S MANUFACTURING & DISTRIBUTION HUB
The 81-key Courtyard Jacksonville Airport Northeast and the 78-key Residence Inn Jacksonville Airport are strategically located off I-95, offering quick access to Jacksonville International Airport 6 minutes away. Spanning 8,000 acres with a 700,000-square-foot terminal, the airport served 7.4 million passengers in 2023, ranking as the 3rd best medium-sized airport in the United States. The hotels' location within a prominent logistics hub further supports corporate demand, with notable companies nearby, including Swisher International, Coach Distribution, and Glassfloss Industries. Located 5 minutes from the hotels, UF Health North stands as a leading medical facility with a 92-bed hospital and a recently expanded $210 million, 6-story north tower, adding 124 beds to its 225,000-square-foot campus. This state-of-the-art facility covers 25 acres and is staffed by 2,400 employees, providing high-quality healthcare to the community. Imeson Park, a substantial manufacturing and distribution hub spanning 11 buildings across 393 acres, drives significant demand to the hotels. A major recent development includes German vehicle manufacturer Holon’s announcement in September 2024 to establish a $100 million facility at Imeson Park South. This plant, set to open in 2026, will be Florida’s first autonomous vehicle assembly site, focused on producing self-driving electric public transit vehicles. Additionally, the Jacksonville Zoo and Gardens, located 11 minutes from the hotels, spans 122 acres and is home to over 2,000 animals. With over 1 million visitors annually, the zoo adds to the area’s leisure appeal, making the hotels ideally positioned to accommodate both corporate and recreational travelers.

OPERATIONAL UPSIDE WITH REVAMPED MANAGEMENT APPROACH

The Courtyard Jacksonville Airport Northeast and Residence Inn Jacksonville Airport are currently institutionally managed, presenting the Buyer with an opportunity to implement a revamped management strategy. With a more localized management approach, new ownership will be able to improve on efficiencies and lower costs compared to those of a larger, institutional management company.

OFFERED BELOW REPLACEMENT COST IN HIGH GROWTH MARKET
The Courtyard Jacksonville Airport Northeast and Residence Inn Jacksonville Airport are being offered at a discount to replacement cost. Jacksonville International Airport is currently undergoing a $300 million expansion, adding a new concourse with 6 new gates set to open in 2026. In 2023, the airport served 7.4 million passengers, marking a 13% increase from the prior year and highlighting the area’s sustained growth and increasing travel demand. The offerings presents an opportunity to buy into an exponentially growing market at an attractive basis.

INSTITUTIONAL MARRIOTT BRANDED ASSETS
Marriott’s Courtyard and Residence Inn are two 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 200 million members across 36 brands and more than 8,900 hotels worldwide.

LISTING CONTACTS

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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.