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 $8,900,000 or a 3.6 RRM at 11 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 two hours from Allentown, Pennsylvania rewarding investors with an attractive in place cap rate while the hotel stabilizes at $2.6M+ in revenues by 2026.