Hodges Ward Elliott (“HWE”) is pleased to exclusively offer for sale the fee-simple interest in the 277-room Embassy Suites Jacksonville Baymeadows (the “Hotel” or “Property”). Jacksonville has remained a favorite year-round destination spot for travelers and business travelers alike, driven by its leisure amenities, cultural attractions, and continued corporate relocations.
Ideally located in the Bay Meadows/Butler Blvd submarket just off I-95, the Property is surrounded by leading medical, educational, and commercial demand generators. Notable nearby institutions include the Mayo Clinic, Florida’s top-ranked hospital, University of North Florida, and the 1.4-million-square-foot St. Johns Town Center, the region’s premier open-air lifestyle destination. The Hotel also offers convenient access to Downtown Jacksonville, home to the NFL’s Jacksonville Jaguars EverBank Stadium, as well as the scenic Riverwalk, diverse dining options, and entertainment venues.
Guests additionally benefit from proximity to Jacksonville’s 22 miles of white-sand beaches and more than 80,000 acres of parks and outdoor space, further enhancing the city’s appeal as a top leisure market. Backed by Jacksonville’s sustained population growth, a top-ranked job market, and over $8.8 billion in citywide development, the Hotel benefits from strong in-place performance and durable cash flows within one of Florida’s most resilient lodging submarkets.
Property Overview
| Address | |
| Rooms | 277 |
| Floors | 7 |
| Year Built / Renovated | 1985/2019 |
| Class | Upper Upscale |
| GBA | 237,744 SF |
| Land Area | ±4.74 AC |
| Zoning | PUD |
| F&B Outlets | Chelsea’s Bar and Grille |
| Meeting Space | 7,362 SF |
| AMENITIES |
|
| Parking | Complimentary On-Site Self-Parking |
| Interest | Fee Simple |
Investment Highlights
PRIME LOCATION WITH UNMATCHED REGIONAL CONNECTIVITY
Ideally located in Jacksonville’s thriving Bay Meadows/Butler Blvd submarket, the Embassy Suites Jacksonville Baymeadows offers prime access to one of the city’s most dynamic commercial and residential corridors. Located directly off I-95, the Hotel is just minutes from top demand drivers including St. Johns Town Center, Jacksonville’s premier 1.4 million-square-foot open-air retail and dining destination, and the Baymeadows and Deerwood business districts, home to major employers and Fortune 500 companies.
The Hotel’s prime location caters to both business and leisure travelers, with convenient access to top regional demand drivers. Just a short drive away is the Mayo Clinic, Florida’s top-ranked hospital by the U.S. News & World Report in 2023 and 2024, which serves more than 160,000 patients annually. The nearby University of North Florida draws steady year-round visitation from its 17,000 students and faculty.
Downtown Jacksonville is a quick 15-minute drive, home to major attractions including the 68,000-capacity EverBank Stadium, home to the NFL’s Jacksonville Jaguars, currently undergoing a $1.4-billion renovation, the Museum of Contemporary Art, the Museum of Science & History, the Ritz Theatre & Museum, and the Jacksonville Riverwalk.
Guests also enjoy easy access to Jacksonville’s 22 miles of white-sand beaches, giving Jacksonville the longest stretch of shoreline in the nation. The city also remains the largest urban park system in the nation, with 80,000 acres of parks, including seven State Parks, two National Parks, and 400 City Parks.
Jacksonville’s 22 Miles of White-Sand Beaches
(15) St. Johns Town Center
(5) Museum of Contemporary Art
(1) Ritz Theatre & Museum
(6) Museum of Science & History
(13) Mayo Clinic
(21) Deerwood Business District
(10) EverBank Stadium
(14) University of North Florida
(12) Southbank Riverwalk
RAPID POPULATION GROWTH FUELING MARKET MOMENTUM
Jacksonville is undergoing a dynamic transformation, solidifying its position as one of the fastest-growing metropolitan areas in the Southeast. With a population surpassing 1.5 million residents and growing nearly 6% since 2020, Jacksonville is the most populous city in Florida by land area. The city continues to attract new residents drawn by its livability, affordability, and expanding economic opportunities.
TOP-RANKED JOB MARKET DRIVING ECONOMIC GROWTH
The job market is booming, with Jacksonville ranked the number two hottest job market in the U.S. by The Wall Street Journal in 2024 and number one major U.S. city for corporate relocations. Major corporations with headquarters in Jacksonville include CSX Corporation, Fidelity National Financial, and FIS. In 2024 alone, over 10,000 new jobs were added across various sectors, reinforcing the city’s reputation as a hub for healthcare, logistics, financial services, and technology.
INVESTMENT IN CITY WIDE DEVELOPMENTS
Fueling this momentum is an $8.8-billion development activity reshaping the urban core. The investment spans a diverse range of initiatives, from transformative downtown mixed-use districts and waterfront parks to major infrastructure upgrades, cultural institutions, and healthcare expansions.
Notable high-profile projects include the $1.4 billion EverBank Stadium renovation, dubbed the “Stadium of the Future” slated to be completed by the 2028 NFL season, the Four Seasons Hotel & Residences, and Pearl Street District, a mixed-use project featuring 1,250 residential units, 150 hotel rooms, and 200,000 square feet of retail space.
The Jacksonville International Airport is also currently undergoing a $440 million expansion adding six new gates and a multi-million-dollar parking facility.
Jacksonville International Airport - $440M Expansion
EverBank Stadium Renovation
Pearl Street District
Four Seasons Hotel & Residences
CONSISTENTLY HIGH PERFORMING HOTEL WITH DURABLE CASH FLOWS
The Embassy Suites has demonstrated a sustained track record of exceptional performance. From 2022 – 2024, the Hotel achieved an impressive average occupancy of 80.8%, ranking it number two out of seven within the Hotel’s competitive set. The Hotel has also exhibited robust and resilient RevPAR growth, increasing 15.2% since 2020.
RECENTLY RENOVATED PRODUCT WITH ADDITIONAL UPSIDE UPON PIP COMPLETION
Since 2019, the Embassy Suites has benefited from approximately $5 million in comprehensive renovations ($18,000/key), enhancing both guest-facing and operational aspects of the Property. Capital improvements include fully modernized guest rooms, an upgraded fitness center, significant infrastructure enhancements, and back-of-house appliance updates. The completion of the change of ownership PIP will enhance the hotel’s competitiveness in the submarket, driving rate growth and unlocking additional upside potential.
