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Econo Lodge Vero Beach 950 US Highway 1 66 Room Hotel Vero Beach, FL 32960 $4,750,000 ($71,970/Room) 7.68% Cap Rate
Investment Highlights
- 66-Room Plus 2-Bedroom Manager's Suite
- Rebranding Opportunity with Multiple Flags Available
- Downtown Vero Beach Location
Executive Summary
- Excellent owner-operator acquisition opportunity.
- Ideal first-time hotel buyer opportunity.
- Spacious & renovated 2-bedroom Manager's Suite on-site.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Very well-maintained building that is continuously updated by current ownership, leaving very minimal change of ownership PIP expected for a buyer.
- Despite recent slowdown throughout most Florida markets, the hotel boasts proven financials and presents a going-in 7.7% CAP Rate based on 2025 NOI.
- Financial Performance:
- - - 2025: $1,071,830 Total Revenue | $364,956 NOI*
- - - 2024: $1,264,634 Total Revenue | $420,049 NOI*
- - - 2023: $1,094,432 Total Revenue | $411,608 NOI*
- - - *Calculated NOI is Inclusive of 0% Management Fee (Owner/Operator Assumption) and 4% Reserve for Replacements.
- Rebranding potential with interest from Quality Inn, Red Roof, Baymont, and multiple other flags.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Situated in Vero Beach, a growing Florida market known for tourism, beaches, and proximity to major highways, attracting both leisure and business travelers.
- Close to corporate offices, medical facilities, and popular attractions, providing a balanced mix of transient, leisure, and group business.
- Located directly along US Highway 1 and within close proximity to 20th Street, 17th Street, and Jimmy Buffet Memorial Highway, providing ease of access and displaying excellent signage to commuters along some of Vero Beach's main thoroughfares.
- The section of US Highway 1 closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 30,500 vehicles per day.
- Vero Beach and the Treasure Coast continue to see population growth, expanding residential development, and rising commercial activity— supporting long-term lodging demand.
- Ideal first-time hotel buyer opportunity.
- Spacious & renovated 2-bedroom Manager's Suite on-site.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Very well-maintained building that is continuously updated by current ownership, leaving very minimal change of ownership PIP expected for a buyer.
- Despite recent slowdown throughout most Florida markets, the hotel boasts proven financials and presents a going-in 7.7% CAP Rate based on 2025 NOI.
- Financial Performance:
- - - 2025: $1,071,830 Total Revenue | $364,956 NOI*
- - - 2024: $1,264,634 Total Revenue | $420,049 NOI*
- - - 2023: $1,094,432 Total Revenue | $411,608 NOI*
- - - *Calculated NOI is Inclusive of 0% Management Fee (Owner/Operator Assumption) and 4% Reserve for Replacements.
- Rebranding potential with interest from Quality Inn, Red Roof, Baymont, and multiple other flags.
- Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
- Situated in Vero Beach, a growing Florida market known for tourism, beaches, and proximity to major highways, attracting both leisure and business travelers.
- Close to corporate offices, medical facilities, and popular attractions, providing a balanced mix of transient, leisure, and group business.
- Located directly along US Highway 1 and within close proximity to 20th Street, 17th Street, and Jimmy Buffet Memorial Highway, providing ease of access and displaying excellent signage to commuters along some of Vero Beach's main thoroughfares.
- The section of US Highway 1 closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 30,500 vehicles per day.
- Vero Beach and the Treasure Coast continue to see population growth, expanding residential development, and rising commercial activity— supporting long-term lodging demand.
Property Facts
| Price | $4,750,000 | Lot Size | 2.16 AC |
| Price Per Room | $71,970 | Building Size | 29,516 SF |
| Sale Type | Investment | No. Rooms | 66 |
| Cap Rate | 7.68% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1993 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | CG - CG - Commercial General thru Indian River County | ||
| Price | $4,750,000 |
| Price Per Room | $71,970 |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 29,516 SF |
| No. Rooms | 66 |
| No. Stories | 2 |
| Year Built | 1993 |
| Corridor | Exterior |
| Zoning | CG - CG - Commercial General thru Indian River County |
Amenities
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 66 | $95.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 33-39-12-00015-0000-00005.3 | Improvements Assessment | $1,570,700 |
| Land Assessment | $287,915 | Total Assessment | $1,858,615 |
Property Taxes
Parcel Number
33-39-12-00015-0000-00005.3
Land Assessment
$287,915
Improvements Assessment
$1,570,700
Total Assessment
$1,858,615
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Econo Lodge Vero Beach | 950 US Highway 1
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