Two Panama City Beach Hotels | Bahama Breeze Suites & Sea Foam Suites

Highlights:

• Turnkey Investment with Growth Potential – Established operations with strong revenue trends and opportunities for further optimization.
• Significant Capital Improvements – Over $600,000 in recent renovations, enhancing the guest experience and minimizing near-term capital expenditures.
• Efficient Remote Management – Contactless check-in technology allows for seamless remote operations, reducing overhead costs while maintaining guest satisfaction.
• Prime Location in High-Traffic Tourist Market – Situated near Panama City’s most popular beaches, ensuring a steady influx of vacationers and travelers year-round.
• Additional Development Opportunity – The portfolio includes an adjacent 0.23-acre lot, allowing for up to 10 residential units, providing potential for expansion or resale value.
• Limited Competition & Strong Demand – Only one 91-room hotel currently under construction in the Panama City submarket. These properties benefit from limited competition, increasing demand for well-positioned accommodation near major tourist attractions.

Description:

RI Marketplace Online Auction April 28-30, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2391/two-panama-city-beach-hotels-bahama-breeze-suites-sea-foam-suites?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2391

Matthews Real Estate Investment Services, in collaboration with RealINSIGHT Marketplace, is pleased to offer a compelling opportunity to acquire a two-property motel portfolio in Panama City and Panama City Beach, FL. This 33-key portfolio, consisting of a 15-unit and an 18-unit motel, has undergone over $600,000 in capital improvements, modernizing the guest experience and enhancing operational efficiency. Strategically located near sought-after beachfront destinations, these properties benefit from consistent year-round tourism demand.

Included in the sale is an adjacent vacant lot next to Bahama Breeze, zoned for Commercial High Intensity. This zoning permits the development of up to 10 residential units, adding a valuable future development component with an estimated value of $400,000 to $500,000.

Since reopening in January 2024 under professional management, the properties have transitioned from a mom-and-pop Airbnb model to fully operational hotels marketed through major third-party booking platforms. The properties have demonstrated strong performance, with increasing revenue, high occupancy, and above-average Google ratings compared to competitors in the submarket.

The hotels are remotely managed, with guests responsible for paying a $40 cleaning fee in addition to the room rate. Despite this additional charge, the properties have consistently achieved close to 100% occupancy.

Further revenue upside exists as the current out-of-state owner incurs a 10% third-party management fee that a local or hands-on investor could reduce. Additionally, Q1 2025 revenue trends indicate stronger performance than Q1 2024. With a strong reputation, streamlined operations, and a prime location, this portfolio presents a lucrative investment opportunity in a high-demand hospitality market.

For pricing guidance and additional information, please contact Matthews Real Estate Investment Services. Please do not contact hotel staff, management, or ownership directly.

Lamar P. Fisher
Fisher Auction Company Inc.
License: AU93
Fisher Auction Co: AB106

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