Quality Inn Palm
For Sale
Contact for pricing
Pending
890 Palm Bay Rd NE, Melbourne, FL 32904
67-room hotel off I-95 near Melbourne Beach.
Property SizeContact for details
Days on Market166
Property Features for 890 Palm Bay Rd NE
General Information
Standard status
Pending
Property subtype
Hospitality
Net Operating Income
$570,698
Building Details
Year Built
2000
Buildings
1
Stories
3
Listing Agency:
DSH Hotel Advisors Inc
Listed By:
Dennis Hopper, CCIM · License #FL BK3242834
Source:
Crexi
Added: Mar 23
Changed: Aug 27
Last Checked: Sep 3 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DSH Hotel Advisors Inc
Investment Insights
Based on property information with market context.
The Quality Inn by Choice Hotels Palm Bay-Melbourne, Florida, features 67 interior corridor rooms and is located directly off Interstate 95. Approximately 10 miles from Melbourne Beach, the hotel is rated highly on TripAdvisor. The property has consistently received the Choice Gold Award from 2017-2022, recognizing high guest satisfaction. It also received the TripAdvisor Traveler’s Choice Award in 2021, 2022, and 2023, honoring businesses with consistently great reviews, ranking in the top 10% of properties on TripAdvisor. The hotel is in excellent condition, reflecting ongoing capital improvements and recent renovations. Guest types include leisure and business travelers, those traveling on I-95, healthcare professionals, travel nurses, construction workers, snow birds, Stick Marsh Fishing Guests, Florida Institute Technology students and their families, and Daytona 500 Race fans. Group business includes sports teams, conventions, family reunions, and wedding groups. The property is positioned off I-95 in a high-growth corridor between Orlando and Miami, near major employers such as L3 Harris Technologies and Embraer. The area benefits from corporate and leisure demand, with attractions like the Turkey Creek Sanctuary and the Space Coast. The hotel has convenient access to Melbourne-Orlando International Airport (MLB), located just over 5 miles away, which serviced nearly 750,000 passengers in 2023.
Key Highlights
- High TripAdvisor Ranking: Consistently ranked as a top hotel in Palm Bay (TripAdvisor #2) with multiple 'Traveler's Choice' awards (2021, 2022, 2023) indicating strong guest satisfaction.
- Strong Brand Recognition: Consistent recipient of the Choice Gold Award (2017‑2022) demonstrating high brand standards and guest satisfaction within the Choice Hotels system.
- Prime Location: Located directly off Interstate 95 (72,500 AADT) in a high‑growth corridor between Orlando and Miami, ensuring high visibility and accessibility for travelers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 67-room hotel off I-95 near Melbourne Beach.
Where is this hotel located?
The property is located at 890 Palm Bay Rd NE Melbourne, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: High TripAdvisor Ranking: Consistently ranked as a top hotel in Palm Bay (TripAdvisor #2) with multiple 'Traveler's Choice' awards (2021, 2022, 2023) indicating strong guest satisfaction.; Strong Brand Recognition: Consistent recipient of the Choice Gold Award (2017‑2022) demonstrating high brand standards and guest satisfaction within the Choice Hotels system.; Prime Location: Located directly off Interstate 95 (72,500 AADT) in a high‑growth corridor between Orlando and Miami, ensuring high visibility and accessibility for travelers.
