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Courtyard Panama City 905 E 23rd Pl 84 Room Hotel Panama City, FL 32405 $10,000,000 ($119,048/Room)
Investment Highlights
- For due diligence files, please visit our website: www.breaFL1pack.com. Click "View Agreement" along the top right corner of the website to sign the C
- Close to beaches, attractions, and Northwest Florida Beaches International Airport
- Well-maintained property with modern amenities and meeting facilities
- Prime location near major highways, retail, and business hubs in Panama City
- Strong brand affiliation providing national reservation system and loyalty program benefits
- Positioned in a growing market with year-round tourism and business travel demand
Executive Summary
An exceptional hospitality investment opportunity is now available with the sale of an 84-room Courtyard by Marriott located at 905 E 23rd Place in Panama City, Florida. This well-maintained property spans approximately 46,943 square feet and is positioned in a high-traffic commercial corridor, offering strong visibility and accessibility.
The hotel benefits from its strategic location near major highways, retail centers, and business districts, making it a preferred choice for both business and leisure travelers. Guests enjoy proximity to Panama City’s beaches, local attractions, and the Northwest Florida Beaches International Airport, ensuring consistent demand throughout the year.
The property features a modern design with spacious guest rooms, a welcoming lobby, meeting spaces, and a range of amenities that align with Marriott’s brand standards. With its established flag, strong brand recognition, and operational infrastructure, this asset offers investors a stable income stream and long-term value appreciation potential.
The hotel benefits from its strategic location near major highways, retail centers, and business districts, making it a preferred choice for both business and leisure travelers. Guests enjoy proximity to Panama City’s beaches, local attractions, and the Northwest Florida Beaches International Airport, ensuring consistent demand throughout the year.
The property features a modern design with spacious guest rooms, a welcoming lobby, meeting spaces, and a range of amenities that align with Marriott’s brand standards. With its established flag, strong brand recognition, and operational infrastructure, this asset offers investors a stable income stream and long-term value appreciation potential.
Property Facts
| Price | $10,000,000 | Building Size | 46,943 SF |
| Price Per Room | $119,048 | No. Rooms | 84 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2006/2024 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.7/1,000 SF |
| Lot Size | 2.37 AC | Corridor | Interior |
| Zoning | PC09 - Commercial | ||
| Price | $10,000,000 |
| Price Per Room | $119,048 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.37 AC |
| Building Size | 46,943 SF |
| No. Rooms | 84 |
| No. Stories | 3 |
| Year Built/Renovated | 2006/2024 |
| Tenancy | Single |
| Parking Ratio | 1.7/1,000 SF |
| Corridor | Interior |
| Zoning | PC09 - Commercial |
Amenities
- Balcony
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $159.00 | - |
| Guest Room | 81 | $121.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $450 | |
| Land Assessment | $156,750 | Total Assessment | $6,386,040 |
Property Taxes
Parcel Numbers
Land Assessment
$156,750
Improvements Assessment
$450
Total Assessment
$6,386,040
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Courtyard Panama City | 905 E 23rd Pl
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