NEW LISTING
Property Overview:
The property is a 89 unit Holiday Inn Select. The facility, consist of (1) four-story structure; featuring a spacious lobby, a well appointed F&B facility, meeting space, outdoor swimming pool, guest laundry as well as a fitness room, all of which is situated on +/- 2.05 acres of land with excellent interstate / roadside visibility.
Physical Features:
- Recent renovations
- Four stories
- Meeting space
- Spacious lobby
- Outdoor pool
- Guest laundry
Investment Considerations:
- Absentee ownership
- The property has recently undergone a significant renovation / rebranding and should convey to a new owner with a minimal PIP
- Located in close proximity to a number of demand generators and eateries
- Located just off a major Interstate
- Significant upside for a focused Owner / Management Team – based on the current Star Report findings the Subject Property trails its competitive set in Occupancy / ADR and is only archiving a 67.3% RevPAR penetration.
Historical Revenues:
Financial information is available upon request after completion of the required Confidentiality Agreement
