Holiday Inn Express & Suites Perry

Investment Overview

Grizzard Commercial Real Estate is pleased to present the 78-unit Holiday Inn Express & Suites Perry located at 601 Everett Way, Perry, Florida 32348. The property is being offered for sale at the fee simple sale price of $9,600,000. The property will be delivered unencumbered by management and debt.

Investment Highlights

• Revenue Growth: Constrained hotel supply (only two interior corridor hotels nearby, next comparable product 40 miles away) plus Nammo's $200M rocket engine factory should drive sustained demand and strong rate/occupancy performance.
• Renovation History: A 2023 property-wide renovation brought the hotel fully up to Holiday Inn Express & Suites Formula 2.0 standards, so a new owner should expect minimal near-term PIP obligations from IHG.
• Current Operations: The hotel is fully staffed (including a GM) under non-local ownership, with a notably stable, long-tenured staff.
• Value Add Opportunity: Growing weekday demand from the Nammo project's contractors/engineers combined with weekend leisure travelers creates a balanced demand mix that can boost occupancy, ADR, and RevPAR.
• Additional Land: About 1.85 acres of excess developable land with US-19 frontage offers upside (est. $750K+) for outparcel or pad-site development such as retail, QSR, or convenience uses.