Kentucky, United States
Sale conditions: Market
Ownership: | Fee Interest |
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Type: | Hotel |
Sub Type: | Limited Service |
Chain / Market Scale: | Midscale |
Brand: | Holiday Inn Express |
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Corridor: | Interior |
No. of Keys: | 73 |
Ideal location near multiple demand generators, including Cincinnati convention center and sports arenas, Newport Aquarium, and Northern Kentucky University (15,000+ students).
Part of the fast-growing Cincinnati metro area: Cincinnati sports alone generated $550 million of economic impact in 2022.
Noteable revenue increase as the Cincinnati market has grown: August 2023 TTM Revenue increased 38.8% over FY2021 Revenue.
Despite strong performance, STAR reports reflect an opportunity to up-level occupancy, ADR, and RevPAR. Stabilized revenue potential based on competitive set is $2,409,049 (an increase of over $300,000).
**This property is presented under license agreement with Huff, Niehaus & Associates, Louisville, Kentucky**
Property Name: | Login to view |
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Property Type: | Hotel |
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Property Sub Type: | Limited Service |
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Chain / Market Scale: | Midscale |
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Brand: | Holiday Inn Express |
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Corridor: | Interior |
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Keys: | 73 |
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Building Status: | Existing |
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No. of buildings: | 1 |
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Stories: | 3 |
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Meeting Space: | 1364 SF |
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Parking Type: | Surface |
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Parking Spaces: | 90 |
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Construction Type: | Wood Frame |
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Year Build: | 2007 |
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Year Renovated: | 2017 |
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Address: 110 Landmark Drive, Bellevue, KY 41073
Units: 73
Unit Types: 27 Queen (344 square feet), 22 King (315 square feet), 5 Queen Suites (326 square feet), 19 King Suites (379 square feet), 4 ADA Rooms (438 square feet)
Buildings & Stories: 1 building, 3 stories
Amenities: Indoor pool, fitness center, meeting rooms, elevator
Corridors: Interior
Year Built: 2007
Year Renovated: 2019
Land Area: 2.155 acres
Construction: Wood
Heating & Cooling: Individual PTAC units
Roof: Pitched, Shingled
Parcel Number: #999-99-07-578.00 (Campbell County)
Other
Exercise Room
Indoor Pool
Other
Corporate
Leisure
Commercial
Country: | United States |
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City: | Login to view |
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State: | Kentucky |
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Postal Code: | Login to view |
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APN/Parcel ID: | Login to view |
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Location Type: | Login to view |
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President, Principal Broker
Laurel Real Estate Company
Senior Associate
Laurel Real Estate Company
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