Holiday Inn Express & Suites

March 25, 2023

Location: Virginia

Units: 67

NEW LISTING

The property is a 67 unit limited-service Holiday Inn Express & Suites. The facility, built in 2003, consist of (1) three-story structure; featuring 67 spacious interior corridor guest rooms, fitness center, outdoor pool, and a meeting room, all of which is situated on +/- 1.76 acres of land with excellent roadside visibility.

Physical Features:

  1. Three story building
  2. +/- 1.76 acres of land
  3. Outdoor pool
  4. Fitness room
  5. Meeting space
  6. Guest laundry
  7. Built in 2003 (Formula Blue Renovations completed in 2022)

 

Investment Considerations:

  • The property just completed IHG’s Formula Blue Design renovation and should convey with No / minimum PIP upon a change of ownership
  • Absentee ownership
  • Located just off a major interstate and close to several demand generators
  • Excellent physical plant with a compact interior corridor design
  • Owner financing assistance at a below market interest rate

 

Historical Revenues:

Financial information is available upon request after completion of the required Confidentiality Agreement

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