Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Holiday Inn Express Lewisburg/New Columbia. The three-story 99 room hotel will be delivered Fee simple unencumbered of debt or management and is being offered at $8,795,000 or a 3.41 RRM at 11.3 percent cap rate. The Hotel in 2023/2024 completed a comprehensive Formula Blue renovation allowing for a new investor to receive a long-term relicense with minimal PIP upon transfer. Ideally positioned directly off Interstate 80 and Routes 11/15, the property benefits from exceptional regional connectivity, strong corporate and leisure visibility, and easy access to key demand generators across Central Pennsylvania. The Holiday Inn express Lewisburg/New Columbia represents an attractive turnkey Premium select service asset well below replacement cost just one hour from Harrisburg, Scranton and 2 hours from Allentown, Pennsylvania rewarding investors with an attractive in-place cap rate while the hotel stabilizes at over $2.7M in revenues by 2026.