400 Old Kings Rd Palm Coast, FL 32137-4607

This exceptional investment opportunity presents the fee simple interest in a 108-key Fairfield Inn & Suites located in Palm Coast, Florida. The four-story, 56,077 square foot hotel, built in 2008, enjoys a prime location directly off I-95, offering convenient access to major transportation routes. Boasting a current NOI of $531,973 and a pro-forma NOI of $1,059,755, this property presents significant upside potential. The hotel's 64.3% occupancy rate (as of May 31, 2024) demonstrates strong performance, further enhanced by a trailing 3-month RevPAR increase of 9.5% year-over-year and a remarkable 22.7% increase in May 2024 alone. Situated on a 3.5-acre lot, the property benefits from its proximity to key attractions including the new $168 million AdventHealth Palm Coast Parkway Hospital (opened August 2023), European Village, Hammock Dunes Golf Club, James F. Holland Memorial Park, and Indian Trails Sports Complex. The property's affiliation with the Marriott brand provides access to a robust reservation system and a loyal customer base. A 15-year license is expected for the new owner. This is a rare chance to acquire a limited-service hotel with substantial growth potential through effective management and leveraging the established Marriott brand.