Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Holiday Inn Express Salem, a select-service hotel ideally located along the Interstate 81 corridor in the Roanoke–Salem metropolitan area of Southwest Virginia. The property offers a modern select-service amenity package designed to meet the needs of both business and leisure travelers, including complimentary breakfast, a fitness center, and convenient access to nearby retail and dining amenities. Its strategic location provides immediate access to major regional demand drivers such as Roanoke College, the Salem Civic Center, Moyer Sports Complex, and Carilion Clinic’s healthcare network, which collectively generate consistent year-round visitation to the area. Positioned within a market supported by healthcare, education, manufacturing, and tourism, the hotel also benefits from strong transient demand driven by Interstate 81 traffic and proximity to the Blue Ridge Parkway and outdoor recreation destinations. With continued regional investment, growing tourism activity, and the strength of the InterContinental Hotels Group (IHG) brand platform, the Holiday Inn Express Salem represents a compelling opportunity for investors seeking a well-located hospitality asset with stable demand fundamentals and long-term growth potential.