Unknown LLC Acquires Hotel At 2255 Coastal Ln. In Melbourne

The Holiday Inn Express & Suites is a four-story, 100-room hotel located at 2255 Coastal Ln., Melbourne, FL, 32904. Built in 2018, the property offers amenities such as a business center, fitness center, outdoor pool, whirlpool, shuttle service, meeting space, and laundry facilities. Standard room rates start at approximately $199 per night. Situated on Florida’s Space Coast, the hotel is conveniently located near US-192, Interstate 95, and Highway 500, and is 45.1 miles from the Kennedy Space Center.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Market: Melbourne
• Seller's Reps: Leo Reilly, Robert Hunter, Scott Havericak - Marcus & Millichap
• Buyer: Unknown LLC

Leo Reilly, Robert Hunter, and Scott Havericak from Marcus & Millichap represented the seller, an undisclosed limited liability company, in the transaction of the Holiday Inn Express & Suites. They also facilitated the deal with the buyer, a Massachusetts-based undisclosed limited liability company. The sale price for the property was not revealed.