For Sale
$11,000,000

2525 Crk 208St. Augustine, FL 32092

67-key hotel, prime I-95 location. High ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 67-key Hampton by Hilton Inn located in St. Augustine, Florida, at 2525 CR 208, zip code 32092. This four-story, interior corridor hotel, built in 1998 and fully renovated in 2018/2019, sits on a 1.51-acre lot and boasts a prime location directly off Interstate-95, offering high visibility in a high-tourist area. Its proximity to St. Augustine Premium Outlets and major attractions like St. George Street and the Castillo de San Marcos ensures consistent occupancy. The hotel's strong performance is reflected in its impressive financial history, with a trailing twelve-month net operating income (NOI) of $1,026,978, representing a 9.34% capitalization rate as of April 2024. Year-end 2023 figures show an even higher NOI of $1,162,270 and a 10.57% cap rate. The asking price for this lucrative property is $11,000,000. While a change of ownership PIP is estimated at $500,000, this figure requires verification by Hilton Hotels. The hotel's amenities include an outdoor pool, connecting rooms, digital key access, and complimentary breakfast. St. Augustine's thriving tourism industry, diverse demand generators, and strong annual tourist traffic contribute to the hotel's consistent success. This presents a unique opportunity to acquire a well-established hotel in a highly desirable market.

Highlights

  • Hampton by Hilton Inn St. Augustine - I-95, 67-room hotel.
  • Four-story, interior corridor hotel.
  • Fully renovated in 2018-2019.
  • 1998 concrete construction.
  • Excellent location in a high-growth market with increasing revenue.
  • Amenities include an outdoor pool, connecting rooms, digital key, and complimentary breakfast.

Property Details for 2525 Crk 208

Property type
Hospitality properties, Motels
Year Built/Renovated
1998/2018
Buildings
1
Stories
4
Lot Size (sq. ft)
65,776 SF

Location Insight

City
St. Augustine
County
St. Johns
State
Florida
Latitude
29.9178733
Longitude
-81.4161795
2525 Crk 208, St. Augustine, Florida

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2525 Crk 208
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