CABANA INN (KW4 PORTFOLIO)

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap and Berkshire Hathaway Home Services have been exclusively retained to offer for sale the fee simple interest in the 24-room Cabana Inn located in the Old Town section of Key West, Florida. The hotel was built in 1949 is located a half block from the world famous Duval Street. The Cabana Inn provides the opportunity for a new owner to acquire a centrally located boutique hotel with historically high occupancy and the potential to realize significant ADR growth through a minor refresh and focusing sales/marketing efforts on customers seeking a high-end boutique experience in the heart of Key West.

INVESTMENT HIGHLIGHTS

• Located in One of the Most Highly Desirable Leisure Markets in North America
• Adjacent to World Famous Duval Street — the Epicenter of Key West
• Positive Trending Revenue
• Proximate to Florida Keys National Marine Sanctuary, Fort Zachary Taylor Historic State Park, Key West International Airport, Naval Air Station Key West, and More
• Historical 94% Occupancy is a Clear Indicator of Potential Rate Growth
• Operated as an Adults Only Hotel - Potential Upside to Broaden Base of Guests
• Sale Includes Ancillary Building Used as Employee Housing (Four Bedrooms)
• Supplemental Income from On-Site Housing Units, Additional to the 24 Hotel Rooms