Here are the Facts of the Deal:
*Formula Blue v2 $1.6M renovation completed in August 24'
*Revenue up 60% since Renovation Completion
*$1.6M T12 (April 24' - March 25')
*To round out a Post Renovation T12, the property has 5 of the strongest revenue months of the year coming up.
*April revenue is already tracking 65% higher year-over-year.
More Data...Post-renovation performance is surging:
+43% YOY Revenue growth from Sept–Dec 2024
+87% YOY Revenue growth in January 2025
+117% YOY Revenue growth in February 2025
+83% YOY Revenue growth in March 2025
+65% YOY Revenue growth thus far in April 2025
April 24’ to March 25’ T12 is 15% above the 2024 Room Revenue - To round out a Post Renovation T12, the property has 5 of the strongest revenue months of the year coming up which should push the Revenue to 1.9-2.0M.
For info on the property go to https://www.hotelinnvestments.com/offering-memorandum-holiday-inn-express-suites