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Hotel-Motel

Holiday Inn Express Moline Quad Cities

2100 69th Ave, Moline, IL 61265

Listing Price: $10,500,000

Cap Rate
7.10%
Number of Rooms
100
RevPAR
$86
Gross SF
136,343
Price/Room
$105,000
RRM
3.60
Price/Gross SF
$77.01
Year Built
2014

Investment Overview

Marcus & Millichap has been chosen to exclusively offer for sale the Holiday Inn Express Moline Quad Cities, a four-story limited service hotel located in Moline, Illinois. The hotel is adjacent to the Quad Cities International Airport (MLI) with close proximity to several attractions and businesses within the Quad Cities Metropolitan Area. The hotel consists of 100 guest rooms and offers amenities including a heated indoor pool & spa, fitness center and complimentary breakfast buffet. Business amenities include a business center and 675 square feet of meeting space. Each guest room is equipped with a flat-screen TV, work desk with lamp, refrigerator and microwave.

The Holiday Inn Express Moline Quad Cities represents the opportunity to acquire a franchised hotel in a desirable tourist destination. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Quad Cities region.

Ground Lease
The Holiday Inn Express Moline Quad Cities is currently on a ground lease and has 69 years remaining. The minimum monthly rent is 5.3% or 2.3% of the monthly gross receipts, whichever is greater. It is acknowledged by the parties that, based upon appraisal information available at the time of execution of the lease, the initial minimum monthly rent shall be deemed to be $45,750 per year.

The 70 year term started in 2012 and ends in 2082.

Investment Highlights

  • Adjacent to Quad Cities International Airport (MLI)
  • Property is on a Favorable Ground Lease
  • Ideally Located off of Interstate 280
  • 6 Miles to John Deere World Headquarters
  • Nearby Attractions Include Niabi Zoo, Vibrant Arena at the Mark, Quad City Botanical Garden and Bally's Quad Cities Casino & Hotel

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Hotel-Motel

Holiday Inn Express Moline Quad Cities

Listing Price: $10,500,000

Cap Rate
7.10%
Number of Rooms
100
RevPAR
$86
Gross SF
136,343
Price/Room
$105,000
RRM
3.60
Price/Gross SF
$77.01
Year Built
2014

Investment Highlights

  • Adjacent to Quad Cities International Airport (MLI)
  • Property is on a Favorable Ground Lease
  • Ideally Located off of Interstate 280
  • 6 Miles to John Deere World Headquarters
  • Nearby Attractions Include Niabi Zoo, Vibrant Arena at the Mark, Quad City Botanical Garden and Bally's Quad Cities Casino & Hotel

Investment Overview

Marcus & Millichap has been chosen to exclusively offer for sale the Holiday Inn Express Moline Quad Cities, a four-story limited service hotel located in Moline, Illinois. The hotel is adjacent to the Quad Cities International Airport (MLI) with close proximity to several attractions and businesses within the Quad Cities Metropolitan Area. The hotel consists of 100 guest rooms and offers amenities including a heated indoor pool & spa, fitness center and complimentary breakfast buffet. Business amenities include a business center and 675 square feet of meeting space. Each guest room is equipped with a flat-screen TV, work desk with lamp, refrigerator and microwave. The Holiday Inn Express Moline Quad Cities represents the opportunity to acquire a franchised hotel in a desirable tourist destination. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Quad Cities region. Ground Lease The Holiday Inn Express Moline Quad Cities is currently on a ground lease and has 69 years remaining. The minimum monthly rent is 5.3% or 2.3% of the monthly gross receipts, whichever is greater. It is acknowledged by the parties that, based upon appraisal information available at the time of execution of the lease, the initial minimum monthly rent shall be deemed to be $45,750 per year. The 70 year term started in 2012 and ends in 2082.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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