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Saturday, May 19, 2012
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Property Name: |
Holiday Inn |
| Units: |
135 |
| State: |
DE |
| List Price: |
$5,495,000 |
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Under Contract |
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| Physical Features |
1. Interior corridor
2. Four-story building
3. Block construction
4. Newly renovated/branded
5. Outdoor swimming pool
6. Full-service restaurant and lounge
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| Investment Considerations |
1. Excellent roadside visibility on a major US Highway
2. Absentee ownership
3. Excellent physical plant with substantial renovations (+/- $6,000,000) completed in September of 2009
4. Excellent franchise affiliation with anticipated long term franchise agreement
5. Discount to replacement cost
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| Property Overview |
This 135-unit Holiday Inn is located on a major US Highway in Delaware, within close proximity to an array of leisure, regional, and commercial demand generators to include: NASCAR, colleges & universities, large military base, casino, and the company headquarters’ of several Fortune 500 companies.
The facility is a four-story structure consisting of 135 interior corridor guestrooms, large spacious lobby, business center, fitness center, (5) separate meeting rooms, guest laundry, full service food & beverage facility, and an outdoor swimming pool.
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| Financials Available Upon Request |
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