OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Candlewood Suites Jacksonville-Mayport, an IHG Hotel, located in Jacksonville, Florida. Built in 2019, the 61-room interior corridor, all-suite hotel is located directly off of Highway A1A with high visibility, positioning the hotel for significant growth in the years ahead. All 61 guest suites feature fully appointed kitchens and spacious work areas. Candlewood Suites by IHG emphasizes fair market pricing to cater to a diverse clientele and ensures robust property operations, aiming for an enhanced stabilized cap rate. IHG branded hotels have consistently proven to be lucrative investments, offering potential for both stable returns and capital appreciation.


PROPERTY OVERVIEW:
The Candlewood Suites Jacksonville-Mayport consists of 61 guest suites, each containing fully appointed kitchens, including a full-size refrigerator, stove, dishwasher and utensils. The property was built in 2019 and remains in excellent condition due to an ongoing capital improvement and maintenance program. The change of ownership PIP is estimated to be $50,000+/- since the property was built in October of 2019, however, this is only an estimate and would need to be verified by IHG Hotels via an issued change of ownership PIP.


LOCATION OVERVIEW:
The Candlewood Suites Jacksonville-Mayport, an IHG Hotel, is situated in the Jacksonville Metropolitan Statistical Area. Located on Highway A1A just north of Neptune Beach and is in close proximity to several other notable beaches such as Fernandina Beach, Jacksonville Beach, Ponte Vedra and a short drive to historic St. Augustine. The subject property is immediately adjacent to the Naval Station Mayport centrally located to several demand generators such as Jacksonville University, the University of North Florida Jacksonville, and the expanding Mayo Clinic, which is in the process of completing a $432M campus expansion, with plans for further expansion on a newly acquired 20+ acres. Naval Station Mayport is the third largest in the United States in terms of fleet concentration and is the largest demand generator for the hotel. Beaches Town center is located just 2.4 miles from the hotel and offers several boutique shops, restaurants, bricked walkways and beautiful courtyards.

Nearby Cities Include:
St. Augustine 40 Miles
Gainesville 72 Miles
Savannah 140 Miles

Property Highlights:
• Candlewood Suites Jacksonville-Mayport, an IHG Hotel
• 61-Rooms/3 Stories/Interior Corridor/All-Suites
• Year Built - 2019
• Located in a High Growth Market
• Upward Trend in Revenue
• Amenities Include: Outdoor Pool, Fitness Center, Laundry Facilities, Outdoor Gazebo w/ Grill, 24-Hour Business Center, 24-Hour Candlewood Cupboard Convenience Store


Location Highlights:
• 0.8 Miles to Naval Station Mayport
• 1.2 Miles to Atlantic Beach
• 5.0 Miles to Jacksonville Beach Pier
• 8.1 Miles to Mayo Clinic Jacksonville
• 12 Miles Tournament Players Championship (TPC) Sawgrass
• 12.8 Miles to Jacksonville University
• 17.8 Miles to Downtown Jacksonville Historic District
• 24.7 Miles to Jacksonville International Airport


Financial Highlights:
• List Price of $10,250,000
• Year End 2023 Room Revenue / RRM- $2,086,728 / 4.94x
• Year End 2023 NOI / Cap Rate- $857,595 / 8.37%
• Year End 2023 ADR / OCC / RevPAR - $100.16 / 92.00% / $92.15
• Minimal Estimated PIP