Investment Overview

The Holiday Inn Express & Suites Perry recently completed a full Formula Blue 2.0 PIP in June 2025, including approximately $1.8 million in capital improvements—about $26,000 per key. In the first month post-PIP, the property achieved a RevPAR increase of more than 53% and over $30 growth in ADR year-over-year, demonstrating immediate return on the renovation. Strategically located on Interstate 35 with 32,000 vehicles passing daily, the hotel benefits from strong regional demand drivers including the global headquarters of Machine Works, located less than a mile away and generating over $760 million in annual revenue, along with additional economic anchors such as oil and gas activity and robust farming and agricultural operations. Offered at $4,999,999 ($74,627 per key), the asset reflects current performance metrics of 48.6% occupancy, $113.51 ADR, and $55.15 RevPAR.