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Hotel-Motel

Holiday Inn Express - Under Construction - New Rochelle

43 Church St, New Rochelle, NY 10801

Listing Price: Request For Offer

Number of Rooms
80
RevPAR
$155
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to offer for sale the Holiday Inn Express New Rochelle, an 80-room limited-service hotel in the affluent New York City suburb of New Rochelle, New York. Currently, under construction with reservations starting in October 2022, the property will benefit from its premier location in the heart of downtown New Rochelle and within walking distance of the city’s transit center, offering daily rail service to New York City, Boston, and Washington, D.C. The property will offer a host of limited-service amenities for guests, including complimentary Wi-Fi, breakfast buffet/dining area, on-site business center, meeting space, and fitness center, as well as in-room amenities including a minifridge, microwave, flat-screen TV, and a coffee/tea maker. The Holiday Inn Express New Rochelle represents an opportunity to acquire a limited-service hotel in one of New York City’s rebounding suburbs. The sub-market has seen a 13.7% year-over-year increase in rooms sold during March 2022, and twelve-month RevPAR has increased 72.6% through March. The property’s desirable location, 35 minutes from Grand Central Terminal by train and a short car ride from the metro’s three airports (JFK International Airport, LaGuardia Airport, and Westchester County Airport) on I-95, will make it an ideal stay for business travelers and tourists alike. Yankee Stadium, Citi Field, Arthur Ashe Stadium, the New York Botanical Gardens, and the Bronx Zoo are a few of the many attractions in the New York City metro area that are less than 20 miles from the property. The next owner of the Holiday Inn Express New Rochelle will be acquiring a uniquely positioned limited-service hotel in New Rochelle’s revitalized downtown area. Over 1,700 multifamily units have been delivered downtown since 2019 and another 1,600 are currently under construction. A new owner will be able to capitalize on the submarket’s rebounding hospitality fundamentals and take advantage of the property’s highly desirable position within the city’s newly reshaped downtown, just minutes from all that New York City has to offer.

Investment Highlights

  • Fee-Simple Interest in an 80-Room, Limited-Service Hotel in Westchester County's "Queen City of the Sound"
  • Attractive Location in Downtown New Rochelle, 35 Minutes by Train From Grand Central Terminal, and Easy Access to All Parts of the New York Metro Area via I-95
  • Ideal Location Within 20 Miles of Numerous New York City Metro Demand Drivers Including Yankee Stadium, Citi Field, Arthur Ashe Stadium, New York Botanical Gardens, and the Bronx Zoo
  • John F Kennedy International Airport, Laguardia Airport, and Westchester County Airport Easily Accessible via I-95 and the Hutchinson River Parkway
  • Rebounding Submarket Fundamentals Create the Ideal Hospitality Investment
  • Offered Unencumbered by Brand, Debt, and Management

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Hotel-Motel

Holiday Inn Express - Under Construction - New Rochelle

Listing Price: Request For Offer

Number of Rooms
80
RevPAR
$155
Year Built
2022

Investment Highlights

  • Fee-Simple Interest in an 80-Room, Limited-Service Hotel in Westchester County's "Queen City of the Sound"
  • Attractive Location in Downtown New Rochelle, 35 Minutes by Train From Grand Central Terminal, and Easy Access to All Parts of the New York Metro Area via I-95
  • Ideal Location Within 20 Miles of Numerous New York City Metro Demand Drivers Including Yankee Stadium, Citi Field, Arthur Ashe Stadium, New York Botanical Gardens, and the Bronx Zoo
  • John F Kennedy International Airport, Laguardia Airport, and Westchester County Airport Easily Accessible via I-95 and the Hutchinson River Parkway
  • Rebounding Submarket Fundamentals Create the Ideal Hospitality Investment
  • Offered Unencumbered by Brand, Debt, and Management

Investment Overview

Marcus & Millichap is pleased to offer for sale the Holiday Inn Express New Rochelle, an 80-room limited-service hotel in the affluent New York City suburb of New Rochelle, New York. Currently, under construction with reservations starting in October 2022, the property will benefit from its premier location in the heart of downtown New Rochelle and within walking distance of the city’s transit center, offering daily rail service to New York City, Boston, and Washington, D.C. The property will offer a host of limited-service amenities for guests, including complimentary Wi-Fi, breakfast buffet/dining area, on-site business center, meeting space, and fitness center, as well as in-room amenities including a minifridge, microwave, flat-screen TV, and a coffee/tea maker. The Holiday Inn Express New Rochelle represents an opportunity to acquire a limited-service hotel in one of New York City’s rebounding suburbs. The sub-market has seen a 13.7% year-over-year increase in rooms sold during March 2022, and twelve-month RevPAR has increased 72.6% through March. The property’s desirable location, 35 minutes from Grand Central Terminal by train and a short car ride from the metro’s three airports (JFK International Airport, LaGuardia Airport, and Westchester County Airport) on I-95, will make it an ideal stay for business travelers and tourists alike. Yankee Stadium, Citi Field, Arthur Ashe Stadium, the New York Botanical Gardens, and the Bronx Zoo are a few of the many attractions in the New York City metro area that are less than 20 miles from the property. The next owner of the Holiday Inn Express New Rochelle will be acquiring a uniquely positioned limited-service hotel in New Rochelle’s revitalized downtown area. Over 1,700 multifamily units have been delivered downtown since 2019 and another 1,600 are currently under construction. A new owner will be able to capitalize on the submarket’s rebounding hospitality fundamentals and take advantage of the property’s highly desirable position within the city’s newly reshaped downtown, just minutes from all that New York City has to offer.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

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