Holiday Inn Express Fremont

Nebraska, United States

$9800000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Upper Midscale
Brand: InterContinental
Corridor: Interior
No. of Keys: 90

This 90 key Holiday Inn Express Fremont has been a consistent and outstanding performer for a number of years, and continually provides an attractive gross and net income for its owners.   Its performance through the pandemic is further proof of the strength of the hotel and the resiliency of the overall market.  The offering also features over 4,000 sq. ft. of meeting space, which is a key factor in its high performance.   The broad mix of business touches all segments, including transient, local events, commercial, university, government, and meetings & conferences.   The Express is a perennial STR leader in all 3 key metrics.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Upper Midscale
Brand: InterContinental
Corridor: Interior
Keys: 90
Building Status: Existing
No. of buildings: 1
Stories: 4
Sprinklers: Wet
Parking Type: Surface
Construction Type: Wood Frame
Year Build: 2003
Common area amenities:

Business Center

High Speed Internet

Breakfast Area

Exercise Room

Indoor Pool

Source of Business:

Government

Group

Transient

Corporate

Leisure

Commercial

Sale Note:

This Express is among the highest revenue performers for the Express brand in the IHG system.  Its 2022 revenue shows a nice increase over the same period 2021, and is approaching record 2019 levels.   It features a 9.5% cap rate at the asking (based on YE 2021), and could be over 10% based on the current level of increased revenue.   

Additional Links:

Location


Country: United States
State: Nebraska
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Brent Jaynes

Managing Partner
Leisure Real Estate Advisors, LLC

AR #PB00072896
CO #ER040019575
IA #B38804000
KS #00008591
MO #1999017315
NE #0980574
OK #158956
SD #17298

913 499 4731
bjaynes@leisurerealestate.com


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