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Hotel-Motel

Holiday Inn Express Breezewood

16503 Lincoln Hwy, Breezewood, PA 15537

Listing Price: $9,300,000

Cap Rate
9.00%
Number of Rooms
81
RevPAR
$93
Gross SF
35,000
Price/Room
$114,815
Price/Gross SF
$265.71
Year Built
2000

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Holiday Inn Express in Breezewood, Pennsylvania. The hotel is being offered at $9.3 million or $115,000 per key and being delivered unencumbered of franchise, debt, and management. The Holiday Inn Express has 81 rooms constructed in 2000 with a conference building and pool area constructed in 2015. Upon completion of a PIP, a new investor can expect a long-term License with a franchise. The Holiday Inn Express Breezewood is owned and absentee managed by original developer and offers new hands on investors with an excellent platform to increase net operating income to over $1.4 million and generate an above market return.

Investment Highlights

  • Original Developer Room Expansion Ability
  • $96.68 RevPAR
  • Long Term IHG Relicense
  • Upside Potential/Absentee Ownership $923,000 in Labor

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Hotel-Motel

Holiday Inn Express Breezewood

Listing Price: $9,300,000

Cap Rate
9.00%
Number of Rooms
81
RevPAR
$93
Gross SF
35,000
Price/Room
$114,815
Price/Gross SF
$265.71
Year Built
2000

Investment Highlights

  • Original Developer Room Expansion Ability
  • $96.68 RevPAR
  • Long Term IHG Relicense
  • Upside Potential/Absentee Ownership $923,000 in Labor

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Holiday Inn Express in Breezewood, Pennsylvania. The hotel is being offered at $9.3 million or $115,000 per key and being delivered unencumbered of franchise, debt, and management. The Holiday Inn Express has 81 rooms constructed in 2000 with a conference building and pool area constructed in 2015. Upon completion of a PIP, a new investor can expect a long-term License with a franchise. The Holiday Inn Express Breezewood is owned and absentee managed by original developer and offers new hands on investors with an excellent platform to increase net operating income to over $1.4 million and generate an above market return.

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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