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2904 W International Speedway Blvd, Daytona Beach, FL, 32124

Econo Lodge & Suburban Studios
$8,000,000

Key Information

Cap Rate
10.78%
Tot. SF
52,800
Lot Size
2.98 Acres
Units
163
Year Built
1972
Type
Hospitality
Occupancy
56.31%
NOI
$760,634

Highlights

Compelling Basis & Discount to Replacement Cost

  • Offered at $8,000,000 (~$49K/key)
  • Significant discount to replacement cost for comparable new construction
  • Below recent submarket transaction averages
  • Provides strong downside protection and attractive risk-adjusted returns

Operational Efficiency & Scalable Model

  • Economy and extended-stay formats support lean staffing models
  • Lower operating costs relative to full-service assets
  • Efficient cost structure enhances NOI margin potential

Strong Location with Diverse Demand Drivers

  • Proximity to I-95, I-4, Daytona International Airport, and Daytona Speedway
  • Benefits from year-round tourism, events, and regional corporate demand
  • Drive-to location supports consistent transient demand

Optional Portfolio Expansion Opportunity

  • Seller also owns the adjacent Comfort Suites, which may be made available as part of a larger portfolio transaction
  • Provides opportunity for immediate scale, operational synergies, and market share consolidation
  • Ability to leverage shared management, staffing, and infrastructure across both assets

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203