Property Overview

The Holiday Inn Express Kilgore North is priced at a compelling, 10.4% cap rate based on 2016 NOI. This is especially attractive as the January 2017 STR report (Tab 3) shows a marked turnaround in Demand in the last 3 months. For the market overall, demand was up 7.2%,and for the competitive set demand increased 7.6%. The Holiday Inn Express Kilgore North is well situated to be benefited by these sharp increases in demand.

Property Highlights

Asking Price$4,875,000
LocationCommercial Highway
Property DescriptionSelect Service
Number of Rooms66
Major Source of BusinessTourist & Business Traveler
Year Built 2008
Last Year Renovated Unknown
Common Area AmenitiesSwimming Pool, Spa in some rooms, 42" TV's