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900 Southcrest Drive, Crestview, Florida

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comfort inn and suites florida

On February 25, 2013, Jacobs Real Estate Advisors with our hotel partner & operator acquired the Comfort Inn and Suites Hotel in Crestview, Florida closing in 48 hours making this hotel a cornerstone in our expanding hotel portfolio. The Bank REO was purchased for $1.25MM with the original lender being owed $7.7MM before foreclosure. The 75 room hotel was built in 2009 and was operational for less than a year with brand new amenities fully equipped with furnishings, dining facility, pool & fitness center with an AS IS market value of $2.5MM. The franchisor, Choice Hotels, has already been contacted and is ready to place the hotel back on the reservations system. The hotel is located close to the interstate with local area attractions and a new dental school is being opened next door accepting 150 students every 2 months.

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