Contacts
Grizzard Commercial
Property Details
- Property Type Other
- Property Size 46,238 SF
- Units 78
- Lot Size 6.4 Acre
- Building Class C
- Year Built 2009
- Date Updated Oct 5, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- Additional Land: About 1.85 acres of excess developable land with US-19 frontage offers upside (est. $750K+) for outparcel or pad-site development such as retail, QSR, or convenience uses.
- Current Operations: The hotel is fully staffed (including a GM) under non-local ownership, with a notably stable, long-tenured staff.
- Renovation History: A 2023 property-wide renovation brought the hotel fully up to Holiday Inn Express & Suites Formula 2.0 standards, so a new owner should expect minimal near-term PIP obligations from IHG.
- Revenue Growth: Constrained hotel supply (only two interior corridor hotels nearby, next comparable product 40 miles away) plus Nammo's $200M rocket engine factory should drive sustained demand and strong rate/occupancy performance.
- Value Add Opportunity: Growing weekday demand from the Nammo project's contractors/engineers combined with weekend leisure travelers creates a balanced demand mix that can boost occupancy, ADR, and RevPAR.
Getting around
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26/100
Walk Score ®
-
37/100
Bike Score ®
Location
- City Perry, FL
- Zip Code 32348
Points of Interest
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Perry
2.12 miles
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Waco Travel Center
0.14 miles
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Jiffy Foodstore
2.94 miles
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Chevron
3.18 miles
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Rocky's
5.11 miles
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Holiday Inn Express & Suites Perry
0.00 miles
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Hampton Inn
0.41 miles
-
Regency Inn Perry
0.50 miles
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Econo Lodge
0.68 miles
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Winn-Dixie
0.97 miles
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Bealls Outlet
1.04 miles
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Walmart Supercenter
1.07 miles
Grizzard Commercial