Quality Inn Kennedy Space Center Draws 14 Offers before $7M Sale to International Buyer

Jay Jagannath Hospitality, LLC, has purchased the recently renovated 117-room Quality Inn Kennedy Space Center by Choice Hotels located in Titusville, FL for $7.4 million.

Dennis Hopper and Dylan Amin with DSH Hotel Advisors, a national hotel brokerage and advisory firm that specializes solely in hotel investment sales represented both the seller, Frontier Hospitality LLC, and the buyer.

DSH Hotel Advisors held the exclusive listing with the seller and generated more than 175 signed confidentiality agreements from qualified buyers and recieved 14 offers from domestic and international investors. The hotel sold to an internationally based investor.

“The number of investors contacting our team on a daily basis is incredibly high – they want midscale hotels in FL, and the majority of the investors are securing traditional financing for these assets,” said Hopper. “Inflation has proven to have certain positive impacts for hotel operations – since hotels have the ability to adjust their rates daily, they are able to capitalize on this market dynamic and drive up revenue.”

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