Daytona Beach · Hospitality · For Sale
90 Professional Boulevard
Daytona Beach, FL 32114
The Opportunity
A 76-room hotel on Professional Boulevard, recently rebranded to a Marriott flag, offered at $14,000,000. At the asking price the property is priced at $184,211 per room and a 12.86% cap rate — a yield well above what stabilised hospitality assets in coastal Florida typically trade at.
The location is the argument. The hotel sits directly between Daytona Beach International Airport and Daytona International Speedway, with the One Daytona and Tanger Outlets retail districts immediately alongside. That puts it in reach of airport demand year-round and event demand at the Speedway, which draws several hundred thousand visitors across the racing calendar.
The building is three storeys around a central porte cochère, with an outdoor pool deck, breakfast and lounge areas, meeting space and generous surface parking on a site backing onto conservation land and a retention lake.
Suited to an investor seeking in-place yield, or to an operator who can drive rate further under the new flag.
Property Tour
A full walkthrough of the property and its surroundings.
Gallery
