Project Description

The Hampton Inn & Suites Gulf Breeze is a 90-Key select service hotel located in Pensacola, Florida. The hotel was built in 2013 and offers amenities including complimentary breakfast, an extended pantry/snack center, business center, fitness center, event space, valet laundry, and high-speed Internet. The Pensacola market offers excellent government, healthcare, and corporate demand. The market is also home to The Naval Air Station of Pensacola, which is best known for the training base for navy and marine aviators. Healthcare is also prominent in this area. Sacred Heart Health System has centers in women’s health, heart disease, and cancer care. The University of West Florida is also in proximity and is home to over 9,000 students.

LOCATION: Gulf Breeze, Florida

YEAR BUILT: 2013

NUMBER OF ROOMS: 90

AQUISTION DATE: May 2013

PROJECTED IRR: 27%

PROJECTED EQUITY MULTIPLE: 2.87

BUSINESS PLAN: New-build