Hotel-Motel
Holiday Inn Express Breezewood
16503 Lincoln Hwy, Breezewood, PA 15537
Listing Price: $9,300,000
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
Financing By
Listing Price: $9,300,000
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.