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Hotel-Motel

Holiday Inn Tacoma Mall

8402 S Hosmer St, Tacoma, WA 98444

Listing Price: $29,000,000

Cap Rate
6.74%
Number of Rooms
124
RevPAR
$74
Gross SF
86,454
Price/Room
$233,871
RRM
8.65
Price/Gross SF
$335.44
Year Built
1967

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Tacoma Mall, a four-story 124-room hotel located in Tacoma, Washington. The property is ideally located off I-5, two miles from JBLM (Joint Base Lewis McChord), six miles from Downtown Tacoma, and twenty miles from SeaTac Airport. Nearby attractions include the Museum of Glass, Point Defiance Zoo & Aquarium, and Washington State Fairgrounds. The Seattle-Tacoma area benefits from both a strong leisure and business market with many notable employers. Home to three ports located on the Puget Sound, the Seattle-Tacoma market also offers a sizable international trade industry.

The Holiday Inn Tacoma Mall represents the unique opportunity to acquire a recently renovated and re-branded property, which is a recipient of the 2019 Holiday Inn Renovation of the Year Award and a 2019 Trip Advisor Certificate of Excellence. The property features 8,500 square feet of meeting space, the largest indoor pool in Tacoma with an atrium roof, a fitness center, Toast to Toast onsite restaurant and lounge, and the Super Funny Comedy Club. The on-site Comedy Club lease provides the opportunity to see an additional $200,000 to $400,000 in revenue each year.

Each guest room is well-appointed and equipped with a 50 LCD TV, luxurious pillow top beds, oversized lighted vanity mirrors, work desks, fridge, microwave and Keurig Coffee Makers. Suites include a large living space with a queen-sized pull-out couch and separate bedrooms.

Investment Highlights

  • Well-Appointed IHG-Flagged Hotel Renovated in 2018
  • Property Received IHG's 2019 Renovation of the Year Award
  • Potential Additional Revenue from Onsite Restaurant and Comedy Club
  • 2 Miles to Joint Base Lewis McChord, Tacoma's Largest Employer
  • Short Drive to Downtown Tacoma, Greater Tacoma Convention Center & Port of Tacoma
  • Near Seymour Botanical Conservatory, Washington State Fairgrounds & Several Museums

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Hotel-Motel

Holiday Inn Tacoma Mall

Listing Price: $29,000,000

Cap Rate
6.74%
Number of Rooms
124
RevPAR
$74
Gross SF
86,454
Price/Room
$233,871
RRM
8.65
Price/Gross SF
$335.44
Year Built
1967

Investment Highlights

  • Well-Appointed IHG-Flagged Hotel Renovated in 2018
  • Property Received IHG's 2019 Renovation of the Year Award
  • Potential Additional Revenue from Onsite Restaurant and Comedy Club
  • 2 Miles to Joint Base Lewis McChord, Tacoma's Largest Employer
  • Short Drive to Downtown Tacoma, Greater Tacoma Convention Center & Port of Tacoma
  • Near Seymour Botanical Conservatory, Washington State Fairgrounds & Several Museums

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Tacoma Mall, a four-story 124-room hotel located in Tacoma, Washington. The property is ideally located off I-5, two miles from JBLM (Joint Base Lewis McChord), six miles from Downtown Tacoma, and twenty miles from SeaTac Airport. Nearby attractions include the Museum of Glass, Point Defiance Zoo & Aquarium, and Washington State Fairgrounds. The Seattle-Tacoma area benefits from both a strong leisure and business market with many notable employers. Home to three ports located on the Puget Sound, the Seattle-Tacoma market also offers a sizable international trade industry.

The Holiday Inn Tacoma Mall represents the unique opportunity to acquire a recently renovated and re-branded property, which is a recipient of the 2019 Holiday Inn Renovation of the Year Award and a 2019 Trip Advisor Certificate of Excellence. The property features 8,500 square feet of meeting space, the largest indoor pool in Tacoma with an atrium roof, a fitness center, Toast to Toast onsite restaurant and lounge, and the Super Funny Comedy Club. The on-site Comedy Club lease provides the opportunity to see an additional $200,000 to $400,000 in revenue each year.

Each guest room is well-appointed and equipped with a 50 LCD TV, luxurious pillow top beds, oversized lighted vanity mirrors, work desks, fridge, microwave and Keurig Coffee Makers. Suites include a large living space with a queen-sized pull-out couch and separate bedrooms.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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