This outstanding hospitality property, located at 481 Daltona Blvd., Daytona, Florida, offers a prime investment opportunity with a sale price of $9,000,000. The property includes 130 rooms and spans 71,146 square feet, boasting a 6.3% cap rate and a 48% occupancy rate for 2023. Recently renovated in 2024, the building combines modern amenities with a strategic location to attract both leisure and business travelers. The Average Daily Rate (ADR) of $87.15 further underscores its revenue-generating potential.
Daytona is a thriving coastal destination renowned for its world-famous beaches, motorsports events such as the Daytona 500, and a robust tourism-driven economy. Its year-round visitor traffic and established infrastructure make it a highly sought-after market for hospitality investments. With its ideal location and updated facilities, this property presents a compelling opportunity for investors looking to enter or expand their presence in the Daytona market.