DAYS INN TROPICAL SEAS OCEANFRONT

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 75-room Days Inn located on the sand in Daytona Beach Shores, Florida. The hotel is a seven-story property built in 1986 and features an additional large penthouse unit currently not in the rental rotation that occupies three room bays. The hot tub is nearly complete on the pool deck and is expected to be one of the largest in the market.
Hotel revenue has been remarkably consistent in recent years despite damage to both the pool deck and the seawall, resulting in repairs followed by the construction of the new hot tub. Repairs commenced in November 2022 following damage from both Hurricane Ian and Nicole. Damage was primarily caused by failure of the seawall off property immediately to the south. Construction of the new seawall was completed in December 2024.
The seller has carried out annual capital improvements and preventative maintenance, including a new elevator within roughly five years, new carpet, new bedding, new lighting package, re-coating the roof, renovating the parking deck and rebuilding much of the pool deck area (see list in deal room).
Days Inn Tropical Seas provides the opportunity to acquire a well-maintained, limited-service oceanfront hotel with the flexibility to pursue a higher yield through a multitude of options including; conversion, renovating and retaining Days Inn, or removing the franchise to run as an independent. A new owner will also have the opportunity to boost revenue by renting the penthouse unit(s).

INVESTMENT HIGHLIGHTS

• Oceanfront Hotel Located Directly on "The World's Most Famous Beach"
• Strong Positive RevPAR Trend Year-Over-Year
• Offered at a +/- 3.76x RRM Despite Hurricane and Construction Interruption
• Brand Conversion Opportunities with Minimal Liquidated Damages
• NOI Upside via Renewed Focus on Operational Efficiency
• Large Hot Tub Currently Under Construction and Expected to be Completed Prior to Sale
• Additional Penthouse Unit Currently Offline for Owner Use -- Originally Three Rooms
• Covered Parking Garage
• Relicense Fee for New Owner is $15,000 with Current Franchise Agreement