Hodges Ward Elliott (“HWE”) is pleased to offer for sale the fee-simple interest in the Hilton Garden Inn Pensacola Downtown (the “Hotel” or “Property”), a recently developed, 102-key, upscale select-service Hotel ideally positioned in the heart of downtown Pensacola, Florida. Overlooking Pensacola Bay and Veterans Memorial Park, the Hotel sits within walking distance of Palafox Street, the Pensacola Bay Center, and the city’s growing collection of waterfront restaurants, retail, and entertainment venues.
Pensacola benefits from a diverse, year-round demand base anchored by Gulf Coast tourism, Naval Air Station Pensacola, a revitalized historic downtown, and a growing healthcare and higher-education sector. Offered unencumbered of existing management, the Hilton Garden Inn Pensacola Downtown represents a rare opportunity to acquire a newly built, high-performing, and exceptionally well-located asset with a clear runway for continued growth.
| ADDRESS: |
|
| Rooms: | 102 |
| Floors: | 4 |
| Year Opened: | 2023 |
| F&B Outlets: | Garden Grille |
| Hotel Meeting Space: | 3,913 SF |
| Parking: | Self-Parking $10.00 / Day |
| Amenities: |
|
| Interest: | Fee-Simple |
| Management: | Unencumbered |
| Labor: | Non-Union |
Investment Highlights
PRIME DOWNTOWN LOCATION
Positioned in the heart of downtown Pensacola, the Hotel overlooks Pensacola Bay and Veterans Memorial Park and offers walkable access to the city’s most active leisure, dining, and entertainment corridor. The Property is located just blocks from Palafox Street, named one of the “Great Streets in America,” a revitalized district lined with restaurants, boutique retail, galleries, and live-entertainment venues. The Hotel is within walking distance of the Pensacola Bay Center, the region’s premier arena for concerts, sporting events, and conventions, and less than two miles from historic Pensacola Village. Pensacola’s nationally recognized white-sand Gulf beaches and the Pensacola Lighthouse & Maritime Museum are roughly a 20-minute drive, while Pensacola International Airport is just a 12-minute drive.
| # |
Location
|
|---|
NEWLY BUILT ASSET
Built in 2023, the Hilton Garden Inn Pensacola Downtown is a true new-construction asset and one of the newest hotels in the entire Pensacola market. The Property remains in essentially brand-new physical condition, purpose-built to the latest Hilton Garden Inn prototype, brand standards, and design specifications — positioning a new owner to capitalize on a newly built asset with minimal to no near-term capital investment.
STRONG IN-PLACE PERFORMANCE
Benefiting from its prime downtown location and new-construction quality, the Hotel boasts strong in-place performance. The Property meaningfully outperforms its competitive set, operating at a RevPAR index of approximately 133% — driven by consistently high occupancy, which has held above 82% in each of the past three years, and by brand-driven rate premiums. Strong rate trends and efficient operations have translated into healthy NOI margins that have remained above 37% over the same period, further reinforcing the Hotel's status as a high-performing downtown asset.
DIVERSE, DURABLE DEMAND BASE
Pensacola benefits from one of the most diversified demand profiles in Northwest Florida. The destination reported a record 2.5 million visitors and more than $1.3 billion in economic impact in 2025, driven by the region's nationally recognized white-sand beaches, warm Gulf Coast climate, and year-round calendar of festivals and events. The military sector is anchored by Naval Air Station Pensacola and a broader defense presence that is the region's largest economic engine — generating more than $7.6 billion in annual economic impact and supporting a workforce of over 60,000. Home of the Blue Angels, NAS Pensacola also hosts the National Naval Aviation Museum, the world's largest naval aviation museum and one of the most visited in Florida. The city also boasts a growing higher-education and healthcare presence, anchored by the University of West Florida, which surpassed a record 15,600 students in fall 2025, and major regional healthcare systems including Ascension Sacred Heart, Baptist Health Care, and HCA Florida West Hospital, which collectively employ more than 14,000 people across the region.
Northwest Florida
Naval Air Station Pensacola
National Naval Aviation Museum
Ascension Sacred Heart
University of West Florida
HCA Florida West Hospital
Baptist Health Care
CLEAN INVESTMENT OPPORTUNITY WITH MAXIMUM FLEXIBILITY
The Property is offered fee simple and free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.
POWER OF HILTON
The Property benefits from its affiliation with Hilton, one of the world’s most recognizable and top-performing hospitality brands. Hilton provides centralized marketing, booking, and rewards systems, giving the Hotel access to over 250 million Hilton Honors members.