This offering presents an excellent opportunity for buyers seeking a stabilized, fully renovated hotel with a strong and growing revenue stream. The property is a proven performer in a market with continued expansion and no new supply on the horizon.
The seller, the original developer, offers a long operating history and in-depth knowledge of the hotel’s construction and maintenance. With upgraded mechanical systems and HVAC, the property is well-maintained and in excellent condition.
A new 15-year Holiday Inn Express franchise is expected, with minimal PIP requirements due to the hotel's strong condition.
Key Highlights:
Strong Market Fundamentals – Expanding market with no anticipated new supply.
Stable & Growing Revenue – Well-established performance with a long operating history.
Turnkey Asset – Fully renovated with upgraded systems.
Franchise Strength – New 15-year Holiday Inn Express agreement with nominal PIP.
Confidential Sale – Please no unannounced tours, as staff is not aware of the transaction.
Additionally, an adjacent parcel is available for purchase with or without the hotel. Zoned C-2, it offers flexible development opportunities, including potential for midscale extended-stay brands from Hilton, Marriott, IHG, or Hyatt. The parcel is priced at $1mm for 2+ acres of land.