Holiday Inn Express

Location: VA

Units: 118

NEW LISTING

Property Overview:

This 118-unit limited service Holiday Inn Express is ideally located just off I-64 between Richmond, VA and Virginia Beach, VA, in the heart of Virginia’s resort corridor.

The facility, built in 2000, consists of (1) five-story brick building which underwent an extensive renovation and re-branding in 2013. The property also includes a large indoor swimming pool, fitness center, guest laundry, business center, meeting space, and a very spacious lobby, all of which is situated on +/- 2.94 acres of land.

Physical Features: 

  1. Five-Story
  2. Indoor Swimming Pool
  3. Solid Construction
  4. Fitness Center
  5. Guest Laundry Facility
  6. +/- 2.505 acres of land (fee simple)

Investment Considerations:

  1. The property offers excellent Star Report penetration in all (3) categories RevPar, Occupancy, and ADR
  2. The Holiday Inn Express is centrally located between Richmond, VA and Virginia Beach, VA in the heart of Virginia’s resort corridor
  3. Absentee ownership
  4. Positive growth in room revenue over the past (4) years
  5. Unencumbered by management and debt
  6. Priced below replacement cost
  7. Highly desirable franchise affiliation with InterContinental Hotels Group
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