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Home2 Suites by Hilton Destin 14060 Emerald Coast Pkwy 112 Room Hotel Destin, FL 32541 $25,000,000 ($223,214/Room)
Investment Highlights
- 2016-built, interior-corridor, Hilton branded hotel.
- Within walking distance to the beaches and coastline of Destin.
- Highly efficient operating model generating strong in-place cash flow with upside potential.
- Block and poured concrete construction.
- Offered for $25,000,000 ($223,214/room) - a significant discount to replacement cost.
- Ability to capitalize on peak seasonal demand while maintaining strong base occupancy.
Executive Summary
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 112-room Home2 Suites by Hilton, located in Destin, Florida - one of Florida’s most sought-after coastal markets. The property is a four-story, block and poured concrete construction, select-service, extended-stay hotel strategically located in the heart of Destin, benefiting from strong year-round demand driven by leisure tourism, beach travel, military and corporate visitation, and longer-term project stays. Featuring a modern, all-suite design tailored to extended stay guests, the asset offers operational efficiencies, strong margins, and the ability to capitalize on Destin’s high average daily rates and continued market growth. The Home2 Suites by Hilton Destin offers investors the opportunity to acquire a turnkey, 112-room property in a highly established and growing market that benefits from consistent year-round demand driven by world-class beaches, robust tourism, and a diverse mix of leisure and group travelers.
Property Facts
| Price | $25,000,000 | Building Size | 69,657 SF |
| Price Per Room | $223,214 | No. Rooms | 112 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2016 |
| Property Subtype | Hotel | Parking Ratio | 0.91/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.23 AC | ||
| Zoning | Commercial | ||
| Price | $25,000,000 |
| Price Per Room | $223,214 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.23 AC |
| Building Size | 69,657 SF |
| No. Rooms | 112 |
| No. Stories | 4 |
| Year Built | 2016 |
| Parking Ratio | 0.91/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Outdoor Pool
- Destination Resort
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 112 | $232.00 | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00-2S-22-2860-0000-00B0 | Improvements Assessment | $11,210,050 |
| Land Assessment | $1,350,247 | Total Assessment | $12,560,297 |
Property Taxes
Parcel Number
00-2S-22-2860-0000-00B0
Land Assessment
$1,350,247
Improvements Assessment
$11,210,050
Total Assessment
$12,560,297
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Home2 Suites by Hilton Destin | 14060 Emerald Coast Pkwy
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