Fee-Simple Interest in the 70-Key, Three-Story, Interior Corridor, Limited-Service Asset Built in 1998 |
Ranked at #3 for RevPAR out of the 7 Hotels in the STR Competitive Set with a 110% RevPAR Penetration Index |
Unencumbered by Management Company, Unencumbered by Debt |
Desirable, Upper-Midscale, IHG Brand Affiliation with Holiday Inn Express |
Long-Term Franchise Agreement with IHG Expected Upon the Completion of a Change-in-Ownership PIP |
Hotel Showed Revenues of Approximately $1.7MM in 2023 with an NOI of Approximately $764,500 | Expected to Finish 2024 Above $1.7MM in Revenues |