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

Econo Lodge & Suburban Studios
$9,038,000

Key Information

Cap Rate
9.54%
$ per SF
$171
Tot. SF
52,800
Lot Size
2.98 Acres
Units
163
Year Built
1972
Type
Hospitality
Occupancy
56.31%
NOI
$790,816

Highlights

  • Recently Renovated Asset: Originally built in 1972 and comprehensively renovated in 2025, the 163-room property offers refreshed interiors and updated systems, reducing near-term capital expenditure requirements.
  • Strategic Transportation-Oriented Location: Located near Interstate 95 and Interstate 4, the hotel benefits from convenient access to Daytona Beach International Airport, NASCAR and motorsports venues, and the broader Volusia County region.
  • Established Lodging Submarket: Daytona Beach is a long-standing leisure and drive-to destination supported by beaches, motorsports tourism, special events, and regional corporate demand.
  • Balanced Supply Profile: The Daytona Area consists of approximately 6,200 rooms, with current construction totaling roughly 200 rooms, or 3.3% of existing inventory, indicating manageable near-term supply growth.
  • Dual-Branded Economy and Extended-Stay Platform: Operates as an Econo Lodge and Suburban Studios, allowing ownership to capture both short-term transient demand and longer-length-of-stay guests within the same asset.
  • Broad Consumer Appeal: The economy and extended-stay positioning serves price-conscious leisure travelers, contractors, project-based workers, and drive-to guests, diversifying demand sources.
  • Operational Efficiency and Cost Control: Economy and extended-stay formats support a streamlined operating model with lower labor and overhead requirements relative to full-service and upscale hotels.
  • Renovated Product with Upside Potential: Recent renovation positions the property to stabilize occupancy and improve ADR as market conditions normalize, while offering new ownership the ability to implement refined revenue management strategies.
  • Opportunity in a Transitional Market: While the Daytona market has experienced recent RevPAR pressure, ADR growth of 3.7% year over year and limited supply additions provide a foundation for recovery and longer-term performance improvement.

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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