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Vero Beach Inn & Suites 8797 20th St 114 Room Hotel Vero Beach, FL 32966 $7,925,000 ($69,518/Room)
Investment Highlights
- Award-Winning Boutique Hotel
- Significant Upside for Hands-On Owner/Operator
- Over $2M Room Revenue Consistently with Absentee Owner
Executive Summary
Please do not visit the property without a pre-arranged tour. Please route all communication directly to listing agent - Gabriel Shamay - (954) 895-6727 - Gabriel.Shamay@cushwake.com
• $7,925,000 Pricing Guidance ($69,518/Room)
• 109 Rooms + Five Two-Room Suites (114 Total Rooms & 117 Total Bays)
• Full Liquor License and Onsite Restaurant (Recently Vacated) included in Sale
• Significant Meeting Space and Restaurant On-Site
• Under 4x RRM at List Price
• Financial Performance:
• June 2025 T-12: $2,029,332 Room Revenue
• 2024: $1,910,422 Room Revenue
• 2023: $2,343,731 Room Revenue
• 2022: $2,641,159 Room Revenue
• Absentee Owned; Management Upside with Hands-On Owner Operator
• This property is in excellent shape, and is the winner of multiple industry awards, including Trip Advisor's Top Honor - The Traveler's Choice Award, in 2025, 2024 and 2022 (Placing the Hotel in the Top 10% of Hotels Worldwide, as Rated by their Guests)
• Approved for Conversion to Quality Inn by Choice with Very Minimal PIP – Contact Broker for Details
• Florida Coastal Market – 20 Minutes to the Beach
• A Quarter Mile East of I-95 Leading into Downtown Vero Beach, a Growing Florida Coastal Market, with over 27,000 VPD
• 6+ Acre-Parcel
• +/- 2.1-Acre Development Site Adjacent to the Hotel May be Purchased by Seller in Separate Transaction
• Ask Broker About Pre-Approved SBA 7a Loan with $2M Down
Over $3M in capital improvements under current ownership, including:
• New roofs (less than ten years old)
• Resurfaced junior-resort style pool
• Wood-plank-style porcelain tile flooring,
• Plantation shutters,
• Upgraded plumbing and electric,
• New furniture package
• Fully remodeled restaurant bar with full liquor license
• Fully equipped +/- 1,500+ sq. ft. industrial kitchen
• Completely renovated poolside dining room
• Remodeled +/- 2,000 sq. ft. ballroom, with a capacity for +/- 200 guests
• Two additional meeting rooms accommodating 12 to 45 guests for smaller functions
• Fitness center
• Mini market
• Outdoor Tiki Lounges
• Pond & Fountain Areas
• $7,925,000 Pricing Guidance ($69,518/Room)
• 109 Rooms + Five Two-Room Suites (114 Total Rooms & 117 Total Bays)
• Full Liquor License and Onsite Restaurant (Recently Vacated) included in Sale
• Significant Meeting Space and Restaurant On-Site
• Under 4x RRM at List Price
• Financial Performance:
• June 2025 T-12: $2,029,332 Room Revenue
• 2024: $1,910,422 Room Revenue
• 2023: $2,343,731 Room Revenue
• 2022: $2,641,159 Room Revenue
• Absentee Owned; Management Upside with Hands-On Owner Operator
• This property is in excellent shape, and is the winner of multiple industry awards, including Trip Advisor's Top Honor - The Traveler's Choice Award, in 2025, 2024 and 2022 (Placing the Hotel in the Top 10% of Hotels Worldwide, as Rated by their Guests)
• Approved for Conversion to Quality Inn by Choice with Very Minimal PIP – Contact Broker for Details
• Florida Coastal Market – 20 Minutes to the Beach
• A Quarter Mile East of I-95 Leading into Downtown Vero Beach, a Growing Florida Coastal Market, with over 27,000 VPD
• 6+ Acre-Parcel
• +/- 2.1-Acre Development Site Adjacent to the Hotel May be Purchased by Seller in Separate Transaction
• Ask Broker About Pre-Approved SBA 7a Loan with $2M Down
Over $3M in capital improvements under current ownership, including:
• New roofs (less than ten years old)
• Resurfaced junior-resort style pool
• Wood-plank-style porcelain tile flooring,
• Plantation shutters,
• Upgraded plumbing and electric,
• New furniture package
• Fully remodeled restaurant bar with full liquor license
• Fully equipped +/- 1,500+ sq. ft. industrial kitchen
• Completely renovated poolside dining room
• Remodeled +/- 2,000 sq. ft. ballroom, with a capacity for +/- 200 guests
• Two additional meeting rooms accommodating 12 to 45 guests for smaller functions
• Fitness center
• Mini market
• Outdoor Tiki Lounges
• Pond & Fountain Areas
Property Facts
| Price | $7,925,000 | Building Size | 70,743 SF |
| Price Per Room | $69,518 | No. Rooms | 114 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2025 |
| Property Subtype | Hotel | Parking Ratio | 2.47/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 6.17 AC | ||
| Zoning | CG - HOTEL/MOTEL (3900) | ||
| Price | $7,925,000 |
| Price Per Room | $69,518 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.17 AC |
| Building Size | 70,743 SF |
| No. Rooms | 114 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2025 |
| Parking Ratio | 2.47/1,000 SF |
| Corridor | Exterior |
| Zoning | CG - HOTEL/MOTEL (3900) |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $183.00 | - |
| Guest Room | 106 | $140.00 | - |
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Property Taxes
| Parcel Number | 33-38-02-00001-0110-00002.0 | Improvements Assessment | $2,131,767 |
| Land Assessment | $731,042 | Total Assessment | $2,862,809 |
Property Taxes
Parcel Number
33-38-02-00001-0110-00002.0
Land Assessment
$731,042
Improvements Assessment
$2,131,767
Total Assessment
$2,862,809
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Vero Beach Inn & Suites | 8797 20th St
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