Successful Hotel Transaction: Holiday Inn Express Sold Near Jacksonville's Mayport Naval Base
In a significant move for the hotel investment market, DSH Hotel Advisors has successfully closed the sale of the Holiday Inn Express & Suites Jacksonville - Mayport/Beach. This transaction, completed on February 19, 2025, represents a key development in the hospitality landscape of Jacksonville, Florida.
Located strategically near the Mayport Naval Station, this 70-room hotel underwent extensive renovations amounting to $1.55 million in 2024 in accordance with the Formula Blue Property Improvement Plan (PIP). The renewed property was exclusively represented by DSH Hotel Advisors, which managed to attract over 200 signed Confidentiality Agreements from interested buyers across the nation. This rigorous market engagement resulted in multiple offers, underscoring the strong demand for hospitality assets within the region.
Dennis S. Hopper, the Managing Principal of DSH Hotel Advisors, expressed confidence in the momentum of the hotel market. "This marks our second successful transaction of a Holiday Inn Express in Florida within the past two months, signaling a robust recovery and heightened investor sentiment as we move through 2025," he stated. The firm has established a reputation for delivering exceptional results in hotel asset transactions and anticipates more notable sales to be announced as the year progresses.
Representing the seller, Mayport Lodging, Inc., were Hopper and Sam Subodh Patel, Senior Investment Associate. The acquisition was made by PH Lodging Jax Beach LLC, highlighting a continuation in the property's legacy which has been developed and owned by Mayport Lodging since its inception in 2009.
Patel remarked, "The freshly renovated Holiday Inn Express has now entered a new chapter. With PH Lodging at the helm, we are optimistic that the hotel will not only flourish but also tap into new growth opportunities."
One of the defining aspects of this transaction was the efficiency with which it progressed—closing in just 76 days from contract to closing. This rapid turnaround is an indicator of the property's strong operational metrics and the diligence of the advisory team. Randy B. Taylor, Senior Vice President Investments at DSH, noted that the buyer's swift identification of this asset was facilitated under tight time constraints, showcasing the consultancy’s effectiveness in matching clients with suitable properties.
The Holiday Inn Express Jacksonville – Mayport/Beach benefits from its prime location, located just north of Neptune Beach and in close proximity to several other prime beach destinations such as Fernandina Beach and Ponte Vedra. This strategic positioning off Highway A1A offers the property high visibility and accessibility, making it an attractive destination for vacationers and business travelers alike.
As the hospitality market continues to recover and expand, DSH Hotel Advisors remains committed to helping clients navigate opportunities in the southeastern hotel sector. With plans to engage several buyers looking for upper-mid-scale properties throughout the Southeast, 2025 is shaping up to be a year filled with significant transactions. DSH Hotel Advisors, known for their exclusive focus on hotel investments, combines deep industry connections with a client-centric approach to ensure that each transaction maximizes success for both buyers and sellers alike.
In summary, the sale of the Holiday Inn Express & Suites Jacksonville signifies not only a successful transaction but also a growing confidence in the hospitality sector amidst changing economic landscapes.
Located strategically near the Mayport Naval Station, this 70-room hotel underwent extensive renovations amounting to $1.55 million in 2024 in accordance with the Formula Blue Property Improvement Plan (PIP). The renewed property was exclusively represented by DSH Hotel Advisors, which managed to attract over 200 signed Confidentiality Agreements from interested buyers across the nation. This rigorous market engagement resulted in multiple offers, underscoring the strong demand for hospitality assets within the region.
Dennis S. Hopper, the Managing Principal of DSH Hotel Advisors, expressed confidence in the momentum of the hotel market. "This marks our second successful transaction of a Holiday Inn Express in Florida within the past two months, signaling a robust recovery and heightened investor sentiment as we move through 2025," he stated. The firm has established a reputation for delivering exceptional results in hotel asset transactions and anticipates more notable sales to be announced as the year progresses.
Representing the seller, Mayport Lodging, Inc., were Hopper and Sam Subodh Patel, Senior Investment Associate. The acquisition was made by PH Lodging Jax Beach LLC, highlighting a continuation in the property's legacy which has been developed and owned by Mayport Lodging since its inception in 2009.
Patel remarked, "The freshly renovated Holiday Inn Express has now entered a new chapter. With PH Lodging at the helm, we are optimistic that the hotel will not only flourish but also tap into new growth opportunities."
One of the defining aspects of this transaction was the efficiency with which it progressed—closing in just 76 days from contract to closing. This rapid turnaround is an indicator of the property's strong operational metrics and the diligence of the advisory team. Randy B. Taylor, Senior Vice President Investments at DSH, noted that the buyer's swift identification of this asset was facilitated under tight time constraints, showcasing the consultancy’s effectiveness in matching clients with suitable properties.
The Holiday Inn Express Jacksonville – Mayport/Beach benefits from its prime location, located just north of Neptune Beach and in close proximity to several other prime beach destinations such as Fernandina Beach and Ponte Vedra. This strategic positioning off Highway A1A offers the property high visibility and accessibility, making it an attractive destination for vacationers and business travelers alike.
As the hospitality market continues to recover and expand, DSH Hotel Advisors remains committed to helping clients navigate opportunities in the southeastern hotel sector. With plans to engage several buyers looking for upper-mid-scale properties throughout the Southeast, 2025 is shaping up to be a year filled with significant transactions. DSH Hotel Advisors, known for their exclusive focus on hotel investments, combines deep industry connections with a client-centric approach to ensure that each transaction maximizes success for both buyers and sellers alike.
In summary, the sale of the Holiday Inn Express & Suites Jacksonville signifies not only a successful transaction but also a growing confidence in the hospitality sector amidst changing economic landscapes.
Topics Consumer Products & Retail）
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