Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the 112-room TownePlace Suites Fort Walton Beach - Eglin AFB (“Property” or “Hotel”), a waterfront, extended-stay asset located within an established yet rapidly expanding coastal market. Situated directly on Choctawhatchee Bay, between Destin-Fort Walton Beach Airport and downtown Fort Walton Beach, the Hotel is strategically positioned to capture leisure, government, and corporate demand, offering seamless access to the Emerald Coast’s beaches, Eglin Air Force Base, and HCA Florida Fort Walton-Destin Hospital. Fort Walton Beach combines the stability of a proven Gulf Coast destination with continued demographic and economic momentum, evidenced by approximately 21% population growth over the past decade, along with accelerating expansion across key feeder markets including Atlanta, Dallas, Houston, and Nashville. Following a recent renovation, the Property represents a compelling opportunity to acquire a high-quality Marriott-branded asset with strong operating fundamentals in a mature, high-growth market.
| Address: | Fort Walton Beach, FL 32547 |
| Year Opened: | 2014 |
| YEAR Renovated: | 2025 |
| Keys: | 112 |
| Stories: | 4 |
| MEETING SPACE: | 691 SF |
| F&B Outlets: | Complimentary Breakfast |
| AMENITIES: |
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| Interest Conveyed: | Fee Simple |
| MANAGEMENT: | Unencumbered |
INVESTMENT HIGHLIGHTS
EXCEPTIONAL LOCATION BETWEEN LEISURE, GOVERNMENT, AND HEALTHCARE DEMAND
Situated between vibrant coastal attractions and major local institutions, the TownePlace Suites is well positioned to capture leisure, government, and healthcare demand, offering convenient access to destinations such as Okaloosa Island and the Emerald Coast shoreline. The Property is centrally located near Eglin Air Force Base and Destin-Fort Walton Beach Airport, which together serve as cornerstone economic drivers for the region, supporting nearly 13,000 jobs and generating approximately $2.7 billion in annual economic output. Additionally, the Hotel is close to the 331-bed HCA Florida Fort Walton-Destin Hospital, the only full-service hospital serving Okaloosa, Walton, and Santa Rosa counties.
HCA Florida Fort Walton-Destin Hospital
Destin-Fort Walton Beach Convention Center
POPULATION AND TOURISM MAGNET
The Fort Walton Beach MSA has experienced strong growth, with the population increasing approximately 21% over the past decade, reinforcing the market’s expanding economic base. This local growth has been amplified by rapid expansion in Fort Walton Beach’s primary feeder markets, Atlanta, Dallas, Houston, and Nashville, which all rank among the top 20 fastest-growing U.S. metropolitan areas since 2020. The combination of accelerating feeder-market growth and rising migration has translated directly into strong tourism performance, with the Fort Walton Beach area attracting approximately eight million visitors who generate an estimated $750 million in visitor spending each year. This demand strength is further evidenced by sustained increases in passenger volumes at Destin-Fort Walton Beach Airport, which has grown by ~12% annually since 2016.
Eglin Air Force Base
Destin Boardwalk
NEWLY RENOVATED ASSET
The TownePlace Suites underwent an extensive renovation that was completed in 2025. This renovation updated the Property to the latest Marriott brand standards, reinforcing it as a premier extended-stay hotel in the Fort Walton Beach market moving forward.
CLEAN INVESTMENT OPPORTUNITY
The non-union, fee-simple interest in the TownePlace Suites is being offered free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.