For Sale
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180 Fenway DrDeLand, FL 32724

93-Room IHG Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 93-key Holiday Inn Express & Suites hotel in DeLand, Florida. Built in 2020, this four-story, 53,484 square foot interior-corridor hotel boasts concrete-block construction and is situated on a 1.9-acre lot (APN: 7028-20-00-0080). Conveniently located off Interstate-4, the property enjoys proximity to Stetson University and AdventHealth DeLand, benefiting from strong local demand. Its location less than an hour from Orlando provides access to a major tourism hub, further enhancing its investment potential. The hotel's strategic position also places it near several attractions including Lake Beresford, Barkley Square Dog Park, Blue Spring State Park, and the Volusia County Fair. The property is zoned PUD and offers significant upside potential as it continues to ramp up operations. Minimal property improvement plan (PIP) costs are anticipated for the new owner. A 20-year relicense from IHG is expected. This represents a rare chance to acquire a nearly new, high-demand hotel within a thriving market in the Deltona-Daytona Beach-Ormond Beach MSA, a region experiencing 2% annual population growth exceeding 685,000 residents. The Holiday Inn Express & Suites brand is highly desirable among both investors and consumers.

Highlights

  • Interior corridor, concrete-block construction.
  • 2020-built, 93-key Holiday Inn Express & Suites.
  • Newest hotel in its competitive set.
  • 20-year IHG relicense expected.
  • Significant upside potential due to ramping-up operations.
  • Minimal anticipated PIP costs.

Property Details for 180 Fenway Dr

Property type
Hospitality properties, Motels
Square Feet
53,484 SF
Year Built
2020
Stories
4
Lot Size (sq. ft)
82,764 SF

Location Insight

City
DeLand
County
Volusia
State
Florida
Latitude
28.9885762
Longitude
-81.2978813
180 Fenway Dr, DeLand, Florida

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180 Fenway Dr
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