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.

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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.   

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