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Hotel-Motel

Holiday Inn Express & Suites Deland South

180 Fenway Dr, DeLand, FL 32724

Listing Price: $19,000,000

Cap Rate
4.75%
Number of Rooms
93
RevPAR
$71
Gross SF
53,484
Price/Room
$204,301
Price/Gross SF
$355.25
Year Built
2020

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 93-room Holiday Inn Express & Suites located in DeLand, Florida. The property is a four-story, limited-service hotel located off Interstate-4 and a short drive to both Stetson University and Adventhealth DeLand. The property is located less than an hour away from the City of Orlando, one of the major tourism capitals of the United States. The property is also located within close proximity to a variety of other demand generators including: Lake Beresford, Barkley Square Dog Park, Blue Spring State Park, and Volusia County Fair, among others. The Holiday Inn Express & Suites offers investors the opportunity to acquire a 93-room, recently-built, interior corridor property in an established and growing market.

Investment Highlights

  • Interior Corridor, 2020-Built And The Newest Property in its Competitive Set
  • 20-Year Relicense From IHG Is Expected For Buyer And An Unlimited Upside As Hotel Is Still Ramping Up
  • Minimal Property Improvement Plan (PIP) Costs Expected For New Hotel Owner

Exclusively Listed By

Financing By

Hotel-Motel

Holiday Inn Express & Suites Deland South

Listing Price: $19,000,000

Cap Rate
4.75%
Number of Rooms
93
RevPAR
$71
Gross SF
53,484
Price/Room
$204,301
Price/Gross SF
$355.25
Year Built
2020

Investment Highlights

  • Interior Corridor, 2020-Built And The Newest Property in its Competitive Set
  • 20-Year Relicense From IHG Is Expected For Buyer And An Unlimited Upside As Hotel Is Still Ramping Up
  • Minimal Property Improvement Plan (PIP) Costs Expected For New Hotel Owner

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 93-room Holiday Inn Express & Suites located in DeLand, Florida. The property is a four-story, limited-service hotel located off Interstate-4 and a short drive to both Stetson University and Adventhealth DeLand. The property is located less than an hour away from the City of Orlando, one of the major tourism capitals of the United States. The property is also located within close proximity to a variety of other demand generators including: Lake Beresford, Barkley Square Dog Park, Blue Spring State Park, and Volusia County Fair, among others. The Holiday Inn Express & Suites offers investors the opportunity to acquire a 93-room, recently-built, interior corridor property in an established and growing market.

Exclusively Listed By

Financing By

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