DSH Hotel Advisors announced that Dennis S. Hopper, CCIM, Managing Principal of the firm, and Randy B. Taylor, Senior Vice President Investments, arranged the sale of the 48-room Super 8 by Wyndham Ormond Beach, Florida for an undisclosed price on July 11th, 2023. DSH Hotel Advisors represented the buyer, and the seller, 3Hospitality of Ormond, LLC.
"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," says Hopper.
"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.
Conveniently nestled on US Highway 1 between Daytona Beach and Flagler Beach, the Super 8 by Wyndham Ormond Beach proudly takes claim to the Wyndham Green designation, indicating the property executes best practices for energy and water conservation, operational efficiency, and team member and franchise training and engagement. Additionally, the Super 8 by Wyndham Ormond Beach has been recognized by TripAdvisor as the #1 hotel in Ormond Beach.