top of page
Search

Buy&Hold (HOTEL): DAYS INN, 2904 W. INTERNATIONAL SPEEDWAY BLVD, DAYTONA BEACH FL 32124 + AVAILABLE

Commercial Investment Opportunity













Price

$9,000,000


Off-Market Investment Opportunity: Days Inn by Wyndham Daytona Beach Speedway


Explore a unique investment opportunity with the Days Inn by Wyndham Daytona Beach Speedway. Nestled at the prime location of 2904 W International Speedway Blvd, Daytona Beach, FL 32124, this property presents a remarkable value-add proposition in the bustling heart of Daytona Beach.


Key Investment Highlights:

  • Prime Location: Situated on a spacious 2.9-acre lot with a building size of 70,690 sqft, this hotel enjoys a strategic position near Daytona's most visited attractions and business hubs, offering easy access to the Daytona International Speedway and beaches.

  • Significant Upside Potential: Built in 1971 and partially renovated in 2020 and 2023, the hotel features 164 rooms across 2 stories. An additional investment of $1M is projected to complete the ongoing renovation, unlocking significant value and enhancing the guest experience.

  • Flexible Branding Options: The new owner has the unique opportunity to rebrand (change flag), tailoring the property to a specific market segment or operational strategy, potentially increasing market share and profitability.

  • Attractive Financials: Boasting a Net Operating Income (NOI) of $1,213,000 and a high cap rate, the investment is priced at $9,000,000, translating to an attractive price per key based on the total number of rooms. The 2021 NOI to revenue ratio underscores a strong operating performance with over $2.5 million in revenue.

  • Ample Facilities: Includes 650 sqft of meeting space, enhancing its appeal for business and small-scale events. The parking ratio of 1.24/1000 sqft accommodates guests' needs efficiently.

  • Expansion/Renovation Opportunity: The sale includes plans for a value-add of $1M to complete renovations, allowing the buyer to customize and upgrade facilities, further boosting the property's value and appeal.


This off-market listing is a rare chance to acquire a well-located, income-generating asset with significant upside potential through rebranding and completion of renovations. Ideal for savvy investors seeking to expand their portfolio with a high-cap property in a sought-after location.

For detailed financials, further property details, or to submit an offer, please contact directly at investments@promiselandrealtyllc.com. Seize the opportunity to own a piece of Daytona Beach's hospitality market with promising returns and growth potential.



Aerial View



"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"





PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top


193 views0 comments

コメント


bottom of page