DSH Hotel Advisors, a Tampa, Florida-based hotel brokerage and advisory firm, has arranged the divestment of the 48-room Super 8 by Wyndham Ormond Beach, Florida, for an undisclosed price.
The advisory firm represented the undisclosed buyer, and the seller, 3Hospitality of Ormond.
DSH Hotel Advisors CCIM, managing principal Dennis S. Hopper said: “We have a good pulse on the market, and we have qualified buyers reaching out to us daily looking for hotel assets – this allowed for us to broker the sale of the Super 8 by Wyndham Ormond Beach, off-market, and resulted in a quick contract to closing window with a successful sales result achieved for all parties.”
DSH Hotel Advisors senior vice president for investments Randy B. Taylor said: “The Super 8 by Wyndham Ormond Beach, was sold confidentially (off-market) and presented a great opportunity for us to show the seller we have an extremely strong buyer pool for limited-service hotels in Florida.
“In less than 30 days of working on this deal, we were able to achieve healthy market pricing for the seller while still leaving room for the buyer to further improve revenues and continue the long-term success at this location,” says Taylor.
Super 8 by Wyndham Ormond Beach, which is located conveniently on US Highway 1 between Daytona Beach and Flagler Beach, features the Wyndham Green designation, which indicates that the property implements best practices for energy and water conservation, operational efficiency, and team member and franchise training and engagement.
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By GlobalDataThe pet-friendly hotel also has convenient access to Ormond beaches and Daytona International Speedway.
Its lobby offers free light breakfast item along with choice of coffee, tea and juice at the lobby.
Besides being equipped with a refrigerator, 32-inch flat-screen TV, guest rooms also offer free WiFi and guest laundry facilities.