Property Overview

The Holiday Inn Express Pella is a 89-unit, 2 story interior corridor property. The hotel is well maintained and was built in 1996. The common area amenities include a complimentary breakfast, guest laundry, on-site business center, heated indoor pool and whirlpool, fitness center and two meeting rooms. The hotel is being offered at 2.1X RRM and has extremely high cashflow, with over 15 months remaining on the current license. There are numerous rebranding opportunities available at the end of the term and the property has experienced strong growth in RevPAR and ADR. The property is currently operated by an absentee owner. The Holiday Inn Express franchise cannot be transferred to new buyer; the property qualifies as a possible Best Western conversion.   Contact Ted for more info and do not call or disturb the property directly.

Property Highlights

Asking Price$3,500,000
LocationJust West of Highway 163
Property DescriptionLimited Service
Number of Rooms87
Major Source of BusinessAgriculture, Mining and Manufacturing
Site Size+/- 4.35 Aces; 189,486 SF
Year Built 1996
Last Year Renovated Unknown
Common Area AmenitiesGuest Laundry, Business Center, Heated Indoor Pool & Whirlpool, Fitness Center & Complimentary Breakfast