NAI Realvest negotiates $3.9 Million sale of property to be developed as restaurant complex to include Bahama Breeze and Olive Garden brands

Paul P. Partyka

MAITLAND, FL--- NAI Realvest negotiated a $3.9 million price in the sale of the 127-room former Ramada Inn hotel at 1798 International Speedway Blvd. in Daytona Beach.

Paul P. Partyka, managing partner at NAI Realvest, negotiated the sale representing seller Consolidated Inns of Daytona Beach, Inc.

Development Options Center, LLC of Chattanooga, Tenn. acquired the 4.1-acre property to develop as a three-restaurant complex that will include a Bahama Breeze restaurant and an Olive Garden restaurant, Partyka said.

Former Ramada Inn, Daytona Beach, FL

“We were able to negotiate successfully on the property due to its prime location and the development plan with very popular Darden Restaurant brands is just perfect for the site,” said Partyka. “This has been a win-win-win transaction all around,” he said.

The site is located directly across International Speedway Blvd. from Daytona International Speedway.

For more information, please contact:

Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989, ppartyka@realvest.com

Patrick Mahoney, President, NAI Realvest, 407-875-9989, pmahoney@realvest.com

Larry Vershel or Beth Payan, Larry Vershel Communications, Inc., 407-644-4142 lvershelco@aol.com