Investment Overview
Grizzard Commercial Real Estate is pleased to present the 60-unit Hampton Inn Perry located at 2399 S Byron Butler Blvd, 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 supply (only two interior corridor hotels nearby, next comparable ~40 miles away) combined with Nammo's $200M rocket engine factory positions the hotel to capture outsized demand and drive sustained occupancy and rate growth.
- Renovation History: A comprehensive 2019–2021 renovation (guestrooms, bathrooms, exterior, pool/fitness, lobby, breakfast area) has the hotel fully brand-compliant, with only a light PIP (flooring, breakfast furniture, minor items) expected for new ownership.
- Current Operations: Stable, experienced staff—including a GM and multiple ten-plus-year employees—support consistent operations despite non-local ownership.
- Value-Add Opportunity: A dual demand strategy (weekday corporate/contractor stays tied to the Nammo project, weekend leisure/drive-to travelers) supports strong occupancy and premium ADR, driving RevPAR growth and long-term revenue stability.
- Brand Affiliation: Backed by Hampton by Hilton—one of the world's largest upper-midscale brands with 3,000+ hotels in 40+ countries—offering strong guest loyalty, consistent quality, and reliable performance.
- Additional Land: The 3.79-acre site includes a separately platted ~2-acre rear parcel, creating over $500,000 in value-add potential for expanded parking, amenities, or future development.