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Holiday Inn Express & Suites Navarre 1905 Elevate Avenue ave 117 Room Hotel Navarre, FL 32566 $3,000,000 ($25,641/Room)
Investment Highlights
- Holiday Inn Express & Suites by IHG is a highly desirable flag by both investors and consumers alike.
- Within close proximity to Navarre Beach, consistently ranked among Florida’s top beaches.
- Limited new supply on Navarre Beach relative to neighboring coastal markets, helping protect occupancy and rate stability.
- Fully entitled and shovel-ready site — eliminates entitlement risk and accelerates timeline to groundbreaking and revenue generation.
- Proximity to Eglin Air Force Base and Hurlburt Field drives consistent government and military lodging demand.
- High barrier-to-entry market due to limited developable land, zoning constraints, and rising construction costs.
Executive Summary
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 117-room Holiday Inn Express & Suites Development Site, located in Navarre, Florida - one of Northwest Florida’s most desirable and supply-constrained coastal markets. With all major approvals in place, the project offers immediate development execution under the IHG-affiliated Holiday Inn Express & Suites brand, a globally recognized select-service hotel known for strong operating performance and broad guest appeal. Strategically positioned to capture year-round demand from leisure, military, and business travelers, the property benefits from proximity to Navarre Beach, regional employment drivers, and major transportation corridors. The Holiday Inn Express & Suites Navarre Development Site offers investors the opportunity to acquire a fully entitled, shovel ready development site approved for a 117-room, IHG branded property in a growing and desirable Florida Gulf Coast market.
*Ground-breaking Date is not applicable, the development site is shovel ready and fully approved for construction.*
*Ground-breaking Date is not applicable, the development site is shovel ready and fully approved for construction.*
Property Facts
| Price | $3,000,000 | Property Subtype | Hotel |
| Price Per Room | $25,641 | Construction Status | Proposed |
| Sale Type | Investment | Building Size | 54,681 SF |
| Sale Condition | Redevelopment Project | No. Rooms | 117 |
| Property Type | Hospitality | No. Stories | 4 |
| Zoning | HCD - Highway Commercial Development | ||
| Price | $3,000,000 |
| Price Per Room | $25,641 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Construction Status | Proposed |
| Building Size | 54,681 SF |
| No. Rooms | 117 |
| No. Stories | 4 |
| Zoning | HCD - Highway Commercial Development |
Amenities
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 117 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 17-2S-26-2750-07000-0032 | Improvements Assessment | $0 |
| Land Assessment | $1,031,986 | Total Assessment | $1,031,986 |
Property Taxes
Parcel Number
17-2S-26-2750-07000-0032
Land Assessment
$1,031,986
Improvements Assessment
$0
Total Assessment
$1,031,986
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Holiday Inn Express & Suites Navarre | 1905 Elevate Avenue ave
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